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Total Monthly Price
$1,585 - $3,500
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Bedrooms
Studio - 3 bd
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Bathrooms
1 - 2 ba
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Square Feet
377 - 1,449 sq ft
Highlights
- New Construction
- Media Center/Movie Theatre
- Pet Washing Station
- Controlled Access
- Walking/Biking Trails
- Island Kitchen
- Elevator
- Balcony
- Patio
Pricing & Floor Plans
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Unit 328price $1,585square feet 377availibility Mar 1, 2027
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Unit 324price $1,585square feet 377availibility Mar 1, 2027
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Unit 320price $1,585square feet 377availibility Mar 1, 2027
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Unit 416price $1,680square feet 538availibility Mar 1, 2027
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Unit 316price $1,680square feet 538availibility Mar 1, 2027
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Unit 516price $1,690square feet 538availibility Mar 1, 2027
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Unit 309price $2,210square feet 756availibility Mar 1, 2027
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Unit 311price $2,210square feet 756availibility Mar 1, 2027
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Unit 331price $2,225square feet 756availibility Mar 1, 2027
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Unit 335price $2,945square feet 1,195availibility Mar 1, 2027
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Unit 435price $2,985square feet 1,195availibility Mar 1, 2027
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Unit 535price $3,005square feet 1,195availibility Mar 1, 2027
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Unit 339price $3,500square feet 1,449availibility Mar 1, 2027
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Unit 239price $3,500square feet 1,449availibility Apr 1, 2027
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Unit 328price $1,585square feet 377availibility Mar 1, 2027
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Unit 324price $1,585square feet 377availibility Mar 1, 2027
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Unit 320price $1,585square feet 377availibility Mar 1, 2027
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Unit 416price $1,680square feet 538availibility Mar 1, 2027
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Unit 316price $1,680square feet 538availibility Mar 1, 2027
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Unit 516price $1,690square feet 538availibility Mar 1, 2027
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Unit 309price $2,210square feet 756availibility Mar 1, 2027
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Unit 311price $2,210square feet 756availibility Mar 1, 2027
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Unit 331price $2,225square feet 756availibility Mar 1, 2027
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Unit 335price $2,945square feet 1,195availibility Mar 1, 2027
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Unit 435price $2,985square feet 1,195availibility Mar 1, 2027
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Unit 535price $3,005square feet 1,195availibility Mar 1, 2027
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Unit 339price $3,500square feet 1,449availibility Mar 1, 2027
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Unit 239price $3,500square feet 1,449availibility Apr 1, 2027
Fees and Policies
The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified. Use the Cost Calculator to determine costs based on your needs.
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One-Time Basics
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Due at Application
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Application Fee Per ApplicantCharged per unit.$25
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Due at Application
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Dogs
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Pet FeeMax of 2. Charged per pet.$50
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Monthly Pet FeeMax of 2. Charged per unit.$50 / mo
0 lbs. Weight Limit, Pet interview, Spayed/NeuteredRestrictions:Veterinary verification required. Must be spayed/neutered and up to date on all vaccines. Dogs, 6 months of age or older, must be spayed or neutered and current on rabies. Breed restrictions apply. Maximum 1 dog per 1 bedroom, 2 pets per apartment.Read More Read LessComments -
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Cats
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Monthly Pet FeeMax of 2. Charged per pet.$25 / mo
0 lbs. Weight Limit, Pet interview, Spayed/NeuteredRestrictions:Comments -
Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.
Details
Property Information
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Built in 2027
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124 units/6 stories
About The Penny
The Penny is “Sur Le Chemin”, on the path. This new apartment community is rooted in Madison’s Marquette Neighborhood, just off Willy Street, overlooking McPike Park and directly connected to the Capital City Bike Path. Inside The Penny you will find a welcoming lobby, comfortable gathering spaces, a beautiful library, a cozy theater, and a terrace with views of the park. Just minutes from downtown Madison, both lakes, neighborhood restaurants, cafes, music venues, galleries, and UW Madison destinations, The Penny offers a lifestyle that feels warm, vibrant, and connected. Live at The Penny and find your path. Thoughtfully designed studio, one bedroom, two bedroom, and three bedroom residences offer room to live, work, relax, and entertain. Light filled interiors, warm finishes, and refined details create homes that feel modern, calm, and comfortable. The Penny offers a thoughtfully crafted living experience in one of Madison’s most loved neighborhoods, giving you a place that simply feels like home.
The Penny is an apartment community located in Dane County and the 53703 ZIP Code. This area is served by the Madison Metropolitan School District attendance zone.
Unique Features
- Dog Wash
- Library
- Lounge
- Terrace
- Theater
Contact
Community Amenities
Fitness Center
Laundry Facilities
Elevator
Controlled Access
- Laundry Facilities
- Controlled Access
- 24 Hour Access
- Pet Washing Station
- EV Charging
- Key Fob Entry
- Elevator
- Lounge
- Storage Space
- Fitness Center
- Walking/Biking Trails
- Media Center/Movie Theatre
Apartment Features
Washer/Dryer
Air Conditioning
Dishwasher
Island Kitchen
Microwave
Refrigerator
Tub/Shower
Disposal
Indoor Features
- Washer/Dryer
- Air Conditioning
- Heating
- Ceiling Fans
- Smoke Free
- Cable Ready
- Tub/Shower
- Intercom
Kitchen Features & Appliances
- Dishwasher
- Disposal
- Stainless Steel Appliances
- Pantry
- Island Kitchen
- Kitchen
- Microwave
- Oven
- Range
- Refrigerator
- Quartz Countertops
Model Details
- Vinyl Flooring
- Dining Room
- Linen Closet
- Double Pane Windows
- Large Bedrooms
- Balcony
- Patio
Less than 10 minutes east of Downtown Madison sits Marquette-Dane, a historic neighborhood with an energetic commercial center on Williamson Street. When wandering the streets of this area, you see a variety of beautiful homes in the Third Lake Ridge and Marquette Bungalow historic districts. Modern apartments line the streets near Lake Monona too.
Marquette-Dane locals look forward to putting on festivals throughout the year. In June, head over to Yahara Place Park for the Waterfront Festival, where residents gather to decorate their boats and float them along the waterfront. August brings the Orton Park Festival, where you can cheer on local musicians and dancers as they perform for the crowd. Take a break and walk over to Williamson Street to enjoy a tasty scone at Lazy Jane's Cafe and Bakery or play board games at Weary Traveler Freehouse.
Learn more about living in Marquette-DaneCompare neighborhood and city base rent averages by bedroom.
| Marquette-Dane | Madison, WI | |
|---|---|---|
| Studio | $1,545 | $1,258 |
| 1 Bedroom | $1,848 | $1,514 |
| 2 Bedrooms | $2,687 | $1,876 |
| 3 Bedrooms | $3,536 | $2,294 |
- Laundry Facilities
- Controlled Access
- 24 Hour Access
- Pet Washing Station
- EV Charging
- Key Fob Entry
- Elevator
- Lounge
- Storage Space
- Fitness Center
- Walking/Biking Trails
- Media Center/Movie Theatre
- Dog Wash
- Library
- Lounge
- Terrace
- Theater
- Washer/Dryer
- Air Conditioning
- Heating
- Ceiling Fans
- Smoke Free
- Cable Ready
- Tub/Shower
- Intercom
- Dishwasher
- Disposal
- Stainless Steel Appliances
- Pantry
- Island Kitchen
- Kitchen
- Microwave
- Oven
- Range
- Refrigerator
- Quartz Countertops
- Vinyl Flooring
- Dining Room
- Linen Closet
- Double Pane Windows
- Large Bedrooms
- Balcony
- Patio
| Monday | By Appointment |
|---|---|
| Tuesday | By Appointment |
| Wednesday | By Appointment |
| Thursday | By Appointment |
| Friday | By Appointment |
| Saturday | Closed |
| Sunday | Closed |
| Colleges & Universities | Distance | ||
|---|---|---|---|
| Colleges & Universities | Distance | ||
| Drive: | 10 min | 4.0 mi | |
| Drive: | 11 min | 4.3 mi | |
| Drive: | 10 min | 4.6 mi | |
| Drive: | 16 min | 7.5 mi |
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by GreatSchools.org © 2026. All rights reserved.
The Penny Photos
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The Penny Madison Apartments Capital City Bike Path View
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The Penny Madison Apartments Capital City Bike Path View
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One Bedroom Apartment Interior
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wo Bedroom Apartment Interior
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The Penny Madison Apartment Lobby
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The Penny Madison Fitness Center
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The Penny Madison Resident Lounge
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Models
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Studio
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Studio
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Studio
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Studio
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Studio
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Studio
Nearby Apartments
Within 50 Miles of The Penny
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Irwin
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Madison, WI 53703
$1,800 - $3,380 Total Monthly Price
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-
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$1,425 - $2,450 Total Monthly Price
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The Pressman
117 South Hamilton St
Madison, WI 53703
$2,020 - $4,075 Total Monthly Price
1-2 Br 12 Month Lease 1.0 mi
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City Place
430 W Main St
Madison, WI 53703
$1,580 - $2,115 Total Monthly Price
1-2 Br 1.3 mi
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Quarter Row at the Yards
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Madison, WI 53703
$1,675 - $3,335 Total Monthly Price
1-3 Br 12 Month Lease 1.5 mi
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Tobacco Lofts at the Yards
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Madison, WI 53703
$1,850 - $3,290 Total Monthly Price
1-2 Br 12 Month Lease 1.6 mi
The Penny has units with in‑unit washers and dryers, making laundry day simple for residents.
Utilities are not included in rent. Residents should plan to set up and pay for all services separately.
Parking is available at The Penny. Fees may apply depending on the type of parking offered. Contact this property for details.
The Penny has studios to three-bedrooms with rent ranges from $1,585/mo. to $3,500/mo.
Yes, The Penny welcomes pets. Breed restrictions, weight limits, and additional fees may apply. View this property's pet policy.
A good rule of thumb is to spend no more than 30% of your gross income on rent. Based on the lowest available rent of $1,585 for a studio, you would need to earn about $63,400 per year to qualify. Want to double-check your budget? Calculate how much rent you can afford with our Rent Affordability Calculator.
The Penny is offering 1 Month Free for eligible applicants, with rental rates starting at $1,585.
While The Penny does not offer Matterport 3D tours, renters can request a tour directly through our online platform.
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
What is a Sound Score Rating?
A Sound Score Rating aggregates noise caused by vehicle traffic, airplane traffic and local sources.