Virtue
531 West Washington Avenue,
Madison, WI 53703
$1,895 - $2,995 Total Monthly Price
1-2 Beds | 12 Month Lease
Area Guide
Its modern comforts, accessibility, and urban environment are all alluring qualities of Downtown Madison. This neighborhood is home to the University of Wisconsin-Madison campus, as well as the school’s free attractions like the Botanical Garden and the Chazen Museum of Art. Henry Vilas Zoo offers complimentary admission too, just minutes from Downtown Madison luxury apartments.
A short distance from the zoo, residents are comforted by a wide range of cuisines – especially in Bay Creek. Bernie’s Beach Park is nearby, providing locals scenic views of Monona Bay. The Wisconsin State Capitol resides in Downtown Madison, in walking distance of museums and the Orpheum Theater that complete the art district. Across from the capitol is the Dane County’s Farmers Market, where locals gather to explore its fresh flower bouquets and produce.
As of July 2026, the average apartment rent in Downtown Madison is $1,262 for a studio, $1,677 for one bedroom, $2,360 for two bedrooms, and $2,937 for three bedrooms. Apartment rent in Downtown Madison has increased by 0.7% in the past year.
Studio
440 sq ft
Average Sq Ft
$1,262/month
Average Rent
1 BR
658 sq ft
Average Sq Ft
$1,677/month
Average Rent
2 BR
997 sq ft
Average Sq Ft
$2,360/month
Average Rent
3 BR
1,135 sq ft
Average Sq Ft
$2,937/month
Average Rent
Explore how walkable, bikeable, drivable, and transit-friendly Downtown Madison - Madison, WI is for everyday living.
Exceptionally Walkable
Walkability
Strong Public Transit
Transit
Somewhat Drivable
Drivability
Very Bikeable
Bikeability
In Downtown Madison - Madison, WI, daily errands are quick and hassle-free.
Supermarket Within a 5 Minute Walk
Groceries
Exceptional Restaurant Variety Nearby
Restaurants
Exceptional Café Variety Nearby
Cafes
Great Variety of Shops Nearby
Shopping
Downtown Madison - Madison, WI provides green space and wellness resources in certain areas.
Large Amount of Park Space Nearby
Parks
Good Wellness Amenity Variety Nearby
Wellness
Get a sense of what it’s like to live in Downtown Madison - Madison, WI from everyday activity to noise and nightlife.
Vibrant Atmosphere
Vibrancy
Exceptional Nightlife Variety Nearby
Nightlife
Moderately Noisy
Quiet Score
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.