Is Theory Madison a good apartment complex?

Theory Madison has a 4.8-star rating on Google based on 25 reviews.

Updated today at 3:11 a.m. CT

Theory Madison

4.8 (25 reviews) Official Website (920) 441-4081

Theory Madison leases by the bed, from $1,066 per bed

Each rent is for one bed in a shared apartment, not for the whole apartment. These rents are not counted in the prices, averages or trends on this page or for Madison, WI.

Rents per bed at Theory Madison
Listing	Apartment	Sq ft	Rent per bed
1	Studio	398	$2,107
2	Studio	398	$2,157
9	2 bd	956	$1,196
10	2 bd	956	$1,246
7	2 bd	654	$1,719
5	2 bd	654	$1,726
8	2 bd	654	$1,769
6	2 bd	654	$1,776
15	2 bd	684	$1,794
13	2 bd	684	$1,801
16	2 bd	684	$1,844
14	2 bd	684	$1,851
53	4 bd	1,305	$1,066
59	4 bd	1,431	$1,069
57	4 bd	1,431	$1,076
23	4 bd	1,066	$1,399
19	4 bd	1,066	$1,406
41	4 bd	1,215	$1,436
33	4 bd	1,190	$1,446
24	4 bd	1,066	$1,449
20	4 bd	1,066	$1,456
21	4 bd	1,066	$1,499
17	4 bd	1,066	$1,506
42	4 bd	1,215	$1,511
34	4 bd	1,190	$1,521
22	4 bd	1,066	$1,549
18	4 bd	1,066	$1,556
49	4 bd	1,275	$1,566
31	4 bd	1,190	$1,566
39	4 bd	1,215	$1,566
56	4 bd	1,305	$1,574
54	4 bd	1,305	$1,581
30	4 bd	1,223	$1,599
27	4 bd	1,223	$1,606
58	4 bd	1,431	$1,621
47	4 bd	1,275	$1,641
32	4 bd	1,190	$1,641
28	4 bd	1,223	$1,674
25	4 bd	1,223	$1,681
48	4 bd	1,275	$1,716
29	4 bd	1,223	$1,749
26	4 bd	1,223	$1,756

Units Listed

How does this compare? View Tenney-Lapham rent trends

Price History

Lines hold the last known price between updates. Diamond markers show changes in quote terms.

Timeframe

Property Price Trend

Estimated Building Revenue

Est. Monthly Revenue

$191K

$2.3M annual run rate

Modeled estimate

Est. Occupancy

100%

of about 121 units (modeled from leasing activity)

Effective Rent on New Leases

$1,578

average across tracked lease-offs

Recent Lease Activity

121 units tracked; 121 assumed leased, 0 listed now

See which units leased, when they left the market, and the rent they leased at.

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Property Intelligence

How is this calculated?

Negotiation Leverage Score (0-100)

Based on 5 observable signals from the property's listing data:

+30 pts: 15+ units currently listed
+25 pts: Active move-in specials
+20 pts: Deep discounts (>$150/mo off)
+15 pts: 5+ distinct floor plans
+10 pts: 25+ units listed

All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.

Listed Units

Limited availability

0 floor plans

Move-in Specials

No active promotions

Negotiation Leverage

Limited leverage

The available listings show few signs of room to negotiate.

Nearby rents in Tenney-Lapham

Neighborhood

Wiedenbeck Apartments

$815 Pres House Apartments

$1,095 Capitol Centre Court Apartments

$1,255 The Edge

$1,475 SEVEN27 at The Yards

$1,485 City Gables Apartments

$1,495 Quarter Row at The Yards

$1,515 Butler Plaza LLC

$1,525 Avenir

$1,530 The Waterfront Apartments

$1,563

Comparing 10 apartments in Tenney-Lapham. Click any bar to view that building.

See Tenney-Lapham rent trends on the Madison, WI map Explore Madison, WI on the interactive map

Garages and parking

Parking, wellness and pet policy details for this building are available to Pro members: garage type and any monthly fee, bike storage, EV charging, amenities such as a sauna or cold plunge, and stated pet rent and weight limits.

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Train activity

Train activity nearby

Freight line 1,812 ft away · 1 trains/day

Daytime only (1 trains)
No road crossing within earshot. Horns unlikely.
Operator: WSOR

Why this matters →

City Club

Resident Notes & Access Codes

Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Madison, WI notes

No resident notes for this property yet.