Please contact MPM at 608-251-8777 for more information.
Pet Rent: $40.00
Lease & Fees
Lease Length: 12 months
Property details
Description
Located in the heart of downtown Madison, this property offers easy access to the beautiful James Madison Park, Lake Mendota, and a variety of local shops, restaurants, and outdoor attractions.
Compared to its Near-East Madison counterpart the Williamson-Marquette Neighborhood, the Tenney-Lapham Neighborhood is layered with older houses and flats, has less expensive rent (though still relatively high compared to places off the isthmus) and is a little closer to downtown.
In other words, less of the 1960's hangover culture and more focus on parks and quiet, eminently walk-able neighborhoods.
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 609 E. Gorham by bedroom type below.
Studio
Suggested income:
$45,000
per year
1 Bedroom
Suggested income:
$60,300
per year
Rent report
609 E. Gorham Rent vs. Madison Average
609 E. Gorham
Madison Average
Studio
$1,250
$1,312
$0
$450
$900
$1,350
$1,800
1BR
$1,675
$1,583
$0
$550
$1,100
$1,650
$2,200
609 E. Gorham is asking 5%
less than the average studio apartment in
Madison.
If you upsized to an average priced Madison 1 bedroom apartment, you would pay
17% more per month.
609 E. Gorham provides 3%
less square footage than the average
Madison studio apartment.
Monthly Rent
Rent per Sq. Ft.
Suggested Monthly Income
609 E. Gorham
Studio
$1,250
$2.90
$3,750
1BR
$1,675
$2.40
$5,025
Madison Average
Studio
$1,312
$3.00
$3,937
1BR
$1,583
$2.30
$4,749
2BR
$2,059
$2.00
$6,177
3BR
$2,397
$1.80
$7,192
4BR
$2,552
$1.80
$7,655
Availability in Madison
In order to find the best deal, you need to know what types of units are available. Property managers may be willing to
give concessions if they have many vacant units.
There are currently 2,373 2BR
units on the market in Madison. If you're looking to negotiate, this may be your best option.