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Property
Bedrooms
Available Date
The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 607
Available 7/1/2026
2 Bed / 2 Bath
1217 Sq. Feet
$3190/month
Special

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Explore
Preview

The Penny

Apartment 607

2 Bed / 2 Bath
1217 Sq. Feet
$3190/month
Available 7/1/2026 - Inquire Today Explore
Image
ULI The Penny 607 - 2 Bed, 2 Bath Floor Plan

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 609
Available 7/1/2026
Studio / 1 Bath
620 Sq. Feet
$1965/month
Special

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Explore
Preview

The Penny

Apartment 609

Studio / 1 Bath
620 Sq. Feet
$1965/month
Available 7/1/2026 - Inquire Today Explore
Image
ULI The Penny 609 - Studio, 1 Bath Floor Plan

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 611
Available 7/1/2026
Studio / 1 Bath
620 Sq. Feet
$1965/month
Special

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Explore
Preview

The Penny

Apartment 611

Studio / 1 Bath
620 Sq. Feet
$1965/month
Available 7/1/2026 - Inquire Today Explore
Image
ULI The Penny 611 - Studio, 1 Bath Floor Plan

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 613
Available 7/1/2026
2 Bed / 2 Bath
1038 Sq. Feet
$3030/month
Special

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Explore
Preview

The Penny

Apartment 613

2 Bed / 2 Bath
1038 Sq. Feet
$3030/month
Available 7/1/2026 - Inquire Today Explore
Image
ULI The Penny 613 - 2 Bed, 2 Bath Floor Plan

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Balcony
The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 615
Available 7/1/2026
1 Bed / 1 Bath
752 Sq. Feet
$2300/month
Special

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Explore
Preview

The Penny

Apartment 615

1 Bed / 1 Bath
752 Sq. Feet
$2300/month
Available 7/1/2026 - Inquire Today Explore
Image
ULI The Penny 615 - 1 Bed, 1 Bath Floor Plan

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Balcony
The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 616
Available 7/1/2026
Studio / 1 Bath
538 Sq. Feet
$1700/month
Special

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Explore
Preview

The Penny

Apartment 616

Studio / 1 Bath
538 Sq. Feet
$1700/month
Available 7/1/2026 - Inquire Today Explore
Image
ULI The Penny 616 - Studio, 1 Bath Floor Plan

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 617
Available 7/1/2026
1 Bed / 1 Bath
756 Sq. Feet
$2270/month
Special

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Explore
Preview

The Penny

Apartment 617

1 Bed / 1 Bath
756 Sq. Feet
$2270/month
Available 7/1/2026 - Inquire Today Explore
Image
ULI The Penny 617 - 1 Bed, 1 Bath Floor Plan

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 618
Available 7/1/2026
1 Bed / 1 Bath
756 Sq. Feet
$2285/month
Special

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Explore
Preview

The Penny

Apartment 618

1 Bed / 1 Bath
756 Sq. Feet
$2285/month
Available 7/1/2026 - Inquire Today Explore
Image
ULI The Penny 618 - 1 Bed, 1 Bath Floor Plan

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 521
Available 8/1/2026
1 Bed / 1 Bath
756 Sq. Feet
$2255/month
Special

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Explore
Preview

The Penny

Apartment 521

1 Bed / 1 Bath
756 Sq. Feet
$2255/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 521 - 1 Bed, 1 Bath Floor Plan

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 522
Available 8/1/2026
1 Bed / 1 Bath
756 Sq. Feet
$2270/month
Special

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Explore
Preview

The Penny

Apartment 522

1 Bed / 1 Bath
756 Sq. Feet
$2270/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 522 - 1 Bed, 1 Bath Floor Plan

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 523
Available 8/1/2026
1 Bed / 1 Bath
752 Sq. Feet
$2285/month
Special

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Explore
Preview

The Penny

Apartment 523

1 Bed / 1 Bath
752 Sq. Feet
$2285/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 523 - 1 Bed, 1 Bath Floor Plan

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Balcony
The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 524
Available 8/1/2026
1 Bed / 1 Bath
756 Sq. Feet
$2255/month
Special

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Explore
Preview

The Penny

Apartment 524

1 Bed / 1 Bath
756 Sq. Feet
$2255/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 524 - 1 Bed, 1 Bath Floor Plan

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 525
Available 8/1/2026
1 Bed / 1 Bath
756 Sq. Feet
$2255/month
Special

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Explore
Preview

The Penny

Apartment 525

1 Bed / 1 Bath
756 Sq. Feet
$2255/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 525 - 1 Bed, 1 Bath Floor Plan

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 533
Available 8/1/2026
1 Bed / 1 Bath
752 Sq. Feet
$2285/month
Special

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Explore
Preview

The Penny

Apartment 533

1 Bed / 1 Bath
752 Sq. Feet
$2285/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 533 - 1 Bed, 1 Bath Floor Plan

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Balcony
The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 535
Available 8/1/2026
2 Bed / 2 Bath
1195 Sq. Feet
$3005/month
Special

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Explore
Preview

The Penny

Apartment 535

2 Bed / 2 Bath
1195 Sq. Feet
$3005/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 535 - 2 Bed, 2 Bath Floor Plan

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Balcony
The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 537
Available 8/1/2026
1 Bed / 1 Bath
799 Sq. Feet
$2430/month
Special

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Explore
Preview

The Penny

Apartment 537

1 Bed / 1 Bath
799 Sq. Feet
$2430/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 537 - 1 Bed, 1 Bath Floor Plan

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Balcony
The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 539
Available 8/1/2026
1 Bed / 1 Bath
901 Sq. Feet
$2730/month
Special

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Explore
Preview

The Penny

Apartment 539

1 Bed / 1 Bath
901 Sq. Feet
$2730/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 539 - 1 Bed, 1 Bath Floor Plan

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Balcony
The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 541
Available 8/1/2026
Studio / 1 Bath
546 Sq. Feet
$1725/month
Special

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Explore
Preview

The Penny

Apartment 541

Studio / 1 Bath
546 Sq. Feet
$1725/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 541 - Studio, 1 Bath Floor Plan

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 543
Available 8/1/2026
Studio / 1 Bath
546 Sq. Feet
$1725/month
Special

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Explore
Preview

The Penny

Apartment 543

Studio / 1 Bath
546 Sq. Feet
$1725/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 543 - Studio, 1 Bath Floor Plan

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 545
Available 8/1/2026
1 Bed / 1 Bath
849 Sq. Feet
$2545/month
Special

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Explore
Preview

The Penny

Apartment 545

1 Bed / 1 Bath
849 Sq. Feet
$2545/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 545 - 1 Bed, 1 Bath Floor Plan

Special

One Month Free Rent: Receive one month free rent when signing a 12 month lease.

Balcony

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Urban Land Interests

Contact

10 East Doty Street, Suite 300
Madison, WI 53703

Main Office
608.251.0706

Residential Leasing
608.661.7600

Commercial Maintenance
608.251.0707

After Hours Emergency Maintenance
608.251.0706

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©2025 Urban Land Interests. All rights reserved.

  • Residential
    • Residential Links
      • Apartment Search
      • Residential Properties
      • Apply Now
      • Resident Benefits
      • Pet Policy
      • Resident Portal
    • Properties
      • The Penny
      • SEVEN27 at The Yards
      • Nine Line at The Yards
      • Quarter Row at The Yards
      • Tobacco Lofts at The Yards
      • The Pressman
      • Capitol Hill
      • 1722 Monroe
      • Lincoln School
      • The Depot
      • City Place
      • Wilson Bay
  • Commercial
    • Commercial Properties
    • 10 East Doty at Block 89
    • 33 East Main at Block 89
    • One East Main at Block 89
    • 25 West Main Street
    • 44 East Mifflin
    • US Bank Plaza
    • Tenney Plaza
    • American Exchange Block
    • Fire Station No. 2
    • 1700 Monroe Street
    • Nob Hill Properties
    • Coworking
  • Parking
  • Company
    • About ULI
    • ULI News
  • Careers
  • Retail
  • Contact