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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 519
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 519

1 Bed / 1 Bath
752 Sq. Feet
$2285/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 519 - 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 520
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 520

1 Bed / 1 Bath
756 Sq. Feet
$2270/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 520 - 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 413
Available 8/1/2026
2 Bed / 2 Bath
1179 Sq. Feet
$3110/month
Special

Special

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

Explore
Preview

The Penny

Apartment 413

2 Bed / 2 Bath
1179 Sq. Feet
$3110/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 413 - 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 501
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 501

1 Bed / 1 Bath
849 Sq. Feet
$2545/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 501 - 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 503
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 503

Studio / 1 Bath
546 Sq. Feet
$1725/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 503 - 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 507
Available 8/1/2026
2 Bed / 2 Bath
1217 Sq. Feet
$3240/month
Special

Special

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

Explore
Preview

The Penny

Apartment 507

2 Bed / 2 Bath
1217 Sq. Feet
$3240/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 507 - 2 Bed, 2 Bath Floor Plan

Special

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

Terrace
The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 509
Available 8/1/2026
Studio / 1 Bath
620 Sq. Feet
$1995/month
Special

Special

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

Explore
Preview

The Penny

Apartment 509

Studio / 1 Bath
620 Sq. Feet
$1995/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 509 - Studio, 1 Bath Floor Plan

Special

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

Terrace
The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 513
Available 8/1/2026
2 Bed / 2 Bath
1038 Sq. Feet
$3050/month
Special

Special

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

Explore
Preview

The Penny

Apartment 513

2 Bed / 2 Bath
1038 Sq. Feet
$3050/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 513 - 2 Bed, 2 Bath Floor Plan

Special

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

Terrace
The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 515
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 515

1 Bed / 1 Bath
752 Sq. Feet
$2285/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 515 - 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 516
Available 8/1/2026
Studio / 1 Bath
538 Sq. Feet
$1690/month
Special

Special

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

Explore
Preview

The Penny

Apartment 516

Studio / 1 Bath
538 Sq. Feet
$1690/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 516 - 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 517
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 517

1 Bed / 1 Bath
756 Sq. Feet
$2255/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 517 - 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 518
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 518

1 Bed / 1 Bath
756 Sq. Feet
$2270/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 518 - 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 511
Available 8/1/2026
Studio / 1 Bath
620 Sq. Feet
$1995/month
Special

Special

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

Explore
Preview

The Penny

Apartment 511

Studio / 1 Bath
620 Sq. Feet
$1995/month
Available 8/1/2026 - Inquire Today Explore
Image
ULI The Penny 511 - Studio, 1 Bath Floor Plan

Special

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

Terrace
The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 426
Available 8/10/2026
Studio / 1 Bath
377 Sq. Feet
$1615/month
Special

Special

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

Explore
Preview

The Penny

Apartment 426

Studio / 1 Bath
377 Sq. Feet
$1615/month
Available 8/10/2026 - Inquire Today Explore
Image
ULI The Penny 426 - 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 427
Available 8/10/2026
1 Bed / 1 Bath
752 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 427

1 Bed / 1 Bath
752 Sq. Feet
$2270/month
Available 8/10/2026 - Inquire Today Explore
Image
ULI The Penny 427 - 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 428
Available 8/10/2026
Studio / 1 Bath
377 Sq. Feet
$1605/month
Special

Special

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

Explore
Preview

The Penny

Apartment 428

Studio / 1 Bath
377 Sq. Feet
$1605/month
Available 8/10/2026 - Inquire Today Explore
Image
ULI The Penny 428 - 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 430
Available 8/10/2026
Studio / 1 Bath
756 Sq. Feet
$2240/month
Special

Special

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

Explore
Preview

The Penny

Apartment 430

Studio / 1 Bath
756 Sq. Feet
$2240/month
Available 8/10/2026 - Inquire Today Explore
Image
ULI The Penny 430 - 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 431
Available 8/10/2026
1 Bed / 1 Bath
756 Sq. Feet
$2240/month
Special

Special

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

Explore
Preview

The Penny

Apartment 431

1 Bed / 1 Bath
756 Sq. Feet
$2240/month
Available 8/10/2026 - Inquire Today Explore
Image
ULI The Penny 431 - 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 433
Available 8/10/2026
1 Bed / 1 Bath
752 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 433

1 Bed / 1 Bath
752 Sq. Feet
$2270/month
Available 8/10/2026 - Inquire Today Explore
Image
ULI The Penny 433 - 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 435
Available 8/10/2026
2 Bed / 2 Bath
1195 Sq. Feet
$2985/month
Special

Special

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

Explore
Preview

The Penny

Apartment 435

2 Bed / 2 Bath
1195 Sq. Feet
$2985/month
Available 8/10/2026 - Inquire Today Explore
Image
ULI The Penny 435 - 2 Bed, 2 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