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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 311
Available 9/1/2026
1 Bed / 1 Bath
756 Sq. Feet
$2210/month
Special

Special

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

Explore
Preview

The Penny

Apartment 311

1 Bed / 1 Bath
756 Sq. Feet
$2210/month
Available 9/1/2026 - Inquire Today Explore
Image
ULI The Penny 311 - 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 313
Available 9/1/2026
2 Bed / 2 Bath
1179 Sq. Feet
$3090/month
Special

Special

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

Explore
Preview

The Penny

Apartment 313

2 Bed / 2 Bath
1179 Sq. Feet
$3090/month
Available 9/1/2026 - Inquire Today Explore
Image
ULI The Penny 313 - 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 315
Available 9/1/2026
1 Bed / 1 Bath
752 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 315

1 Bed / 1 Bath
752 Sq. Feet
$2255/month
Available 9/1/2026 - Inquire Today Explore
Image
ULI The Penny 315 - 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 316
Available 9/1/2026
Studio / 1 Bath
538 Sq. Feet
$1680/month
Special

Special

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

Explore
Preview

The Penny

Apartment 316

Studio / 1 Bath
538 Sq. Feet
$1680/month
Available 9/1/2026 - Inquire Today Explore
Image
ULI The Penny 316 - 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 317
Available 9/1/2026
1 Bed / 1 Bath
756 Sq. Feet
$2225/month
Special

Special

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

Explore
Preview

The Penny

Apartment 317

1 Bed / 1 Bath
756 Sq. Feet
$2225/month
Available 9/1/2026 - Inquire Today Explore
Image
ULI The Penny 317 - 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 318
Available 9/1/2026
Studio / 1 Bath
377 Sq. Feet
$1595/month
Special

Special

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

Explore
Preview

The Penny

Apartment 318

Studio / 1 Bath
377 Sq. Feet
$1595/month
Available 9/1/2026 - Inquire Today Explore
Image
ULI The Penny 318 - 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 319
Available 9/1/2026
1 Bed / 1 Bath
752 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 319

1 Bed / 1 Bath
752 Sq. Feet
$2255/month
Available 9/1/2026 - Inquire Today Explore
Image
ULI The Penny 319 - 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 245
Available 10/1/2026
1 Bed / 1 Bath
651 Sq. Feet
$1930/month
Special

Special

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

Explore
Preview

The Penny

Apartment 245

1 Bed / 1 Bath
651 Sq. Feet
$1930/month
Available 10/1/2026 - Inquire Today Explore
Image
ULI The Penny 245 - 1 Bed, 1 Bath Floor Plan

Special

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

Patio
The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 243
Available 10/1/2026
Studio / 1 Bath
546 Sq. Feet
$1695/month
Special

Special

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

Explore
Preview

The Penny

Apartment 243

Studio / 1 Bath
546 Sq. Feet
$1695/month
Available 10/1/2026 - Inquire Today Explore
Image
ULI The Penny 243 - 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 239
Available 10/1/2026
3 Bed / 2 Bath
1449 Sq. Feet
$3500/month
Special

Special

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

Explore
Preview

The Penny

Apartment 239

3 Bed / 2 Bath
1449 Sq. Feet
$3500/month
Available 10/1/2026 - Inquire Today Explore
Image
ULI The Penny 239 - 3 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 237
Available 10/1/2026
1 Bed / 1 Bath
799 Sq. Feet
$2385/month
Special

Special

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

Explore
Preview

The Penny

Apartment 237

1 Bed / 1 Bath
799 Sq. Feet
$2385/month
Available 10/1/2026 - Inquire Today Explore
Image
ULI The Penny 237 - 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 235
Available 10/1/2026
2 Bed / 2 Bath
1195 Sq. Feet
$2945/month
Special

Special

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

Explore
Preview

The Penny

Apartment 235

2 Bed / 2 Bath
1195 Sq. Feet
$2945/month
Available 10/1/2026 - Inquire Today Explore
Image
ULI The Penny 235 - 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 233
Available 10/1/2026
1 Bed / 1 Bath
752 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 233

1 Bed / 1 Bath
752 Sq. Feet
$2240/month
Available 10/1/2026 - Inquire Today Explore
Image
ULI The Penny 233 - 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 231
Available 10/1/2026
1 Bed / 1 Bath
756 Sq. Feet
$2195/month
Special

Special

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

Explore
Preview

The Penny

Apartment 231

1 Bed / 1 Bath
756 Sq. Feet
$2195/month
Available 10/1/2026 - Inquire Today Explore
Image
ULI The Penny 231 - 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 223
Available 10/1/2026
1 Bed / 1 Bath
752 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 223

1 Bed / 1 Bath
752 Sq. Feet
$2240/month
Available 10/1/2026 - Inquire Today Explore
Image
ULI The Penny 223 - 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 222
Available 10/1/2026
1 Bed / 1 Bath
756 Sq. Feet
$2225/month
Special

Special

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

Explore
Preview

The Penny

Apartment 222

1 Bed / 1 Bath
756 Sq. Feet
$2225/month
Available 10/1/2026 - Inquire Today Explore
Image
ULI The Penny 222 - 1 Bed, 1 Bath Floor Plan

Special

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

Patio
The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 221
Available 10/1/2026
1 Bed / 1 Bath
756 Sq. Feet
$2195/month
Special

Special

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

Explore
Preview

The Penny

Apartment 221

1 Bed / 1 Bath
756 Sq. Feet
$2195/month
Available 10/1/2026 - Inquire Today Explore
Image
ULI The Penny 221 - 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 220
Available 10/1/2026
1 Bed / 1 Bath
756 Sq. Feet
$2225/month
Special

Special

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

Explore
Preview

The Penny

Apartment 220

1 Bed / 1 Bath
756 Sq. Feet
$2225/month
Available 10/1/2026 - Inquire Today Explore
Image
ULI The Penny 220 - 1 Bed, 1 Bath Floor Plan

Special

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

Patio
The Penny Apartments as seen from The Capital City Bike Path in Madison Wisconsin
The Penny
Apartment 219
Available 10/1/2026
1 Bed / 1 Bath
752 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 219

1 Bed / 1 Bath
752 Sq. Feet
$2240/month
Available 10/1/2026 - Inquire Today Explore
Image
ULI The Penny 219 - 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 217 - Accessible
Available 10/1/2026
1 Bed / 1 Bath
756 Sq. Feet
$2180/month
Special

Special

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

Explore
Preview

The Penny

Apartment 217

1 Bed / 1 Bath
756 Sq. Feet
$2180/month
Accessible
Available 10/1/2026 - Inquire Today Explore
Image
ULI The Penny 217 - 1 Bed, 1 Bath Floor Plan

Special

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

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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