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Unit B5 — Private at Theory

$1,709/mo

Available now

2 beds · 2 baths · 757 sq ft

427 N Lake St, Unit B5 — Private, Madison, WI 53715

As of November 2, 2026, Unit B5 — Private at Theory in Madison, WI is a 2-bed, 2-bath, 757 sq ft apartment renting for $1,709 a month, available now. It is one of 4 available 2-bed units here, which rent for $1,189 to $1,769. Listed since October 17.

Unit details

Unit B5 — Private at Theory has the B5 floor plan. Pets are allowed and garage or covered parking is available.

Unit
B5 — Private
Floor plan
B5
Beds
2 bd
Baths
2 ba
Size
757 sqft
Pets
Pets allowed
Parking
Garage or covered parking

Fees & lease terms

Rent
$1,709/mo
Earliest move-in
May 15

Unit amenities

Unit B5 — Private at Theory lists 12 amenities, including state-of-the-art fitness facility, covered parking/garage parking, and business center.

Bike Repair Station
Business Center
Clubhouse
Covered Parking/Garage Parking
Game Room
Hot Tub/Jacuzzi
Pet-Friendly
Sky Lounge
Spacious Co-Working Area
State-Of-The-Art Fitness Facility

Steam Haven – A Cozy Retreat Where Warmth Envelops You And Relaxation Is Paramount.
Study Pods

Building amenities

Theory is pet friendly and has garage or covered parking. It lists 12 building amenities, including state-of-the-art fitness facility, business center, and bike repair station.

Bike Repair Station
Business Center
Clubhouse
Covered Parking/Garage Parking
Game Room
Hot Tub/Jacuzzi
Pet-Friendly
Sky Lounge
Spacious Co-Working Area
State-Of-The-Art Fitness Facility

Steam Haven – A Cozy Retreat Where Warmth Envelops You And Relaxation Is Paramount.
Study Pods

Other 2-bed units available here

Unit B3 — Shared
$1,189/mo · 2 beds · 2 baths · 956 sq ft
Unit B1 — Private
$1,719/mo · 2 beds · 1 bath · 654 sq ft
Unit B6 — Private
$1,769/mo · 2 beds · 2 baths · 684 sq ft

Location

427 N Lake St, Madison, WI, 53715

Resident reviews

Theory has a 4.7 out of 5 rating from resident reviews.

4.7

Getting around

Theory is very walkable and very bikeable, and transit is limited.

Walking: Very walkable; Grade A
Transit: Limited; Grade D
Biking: Very bikeable; Grade A+

About this property

Welcome to Theory Madison! We are the newest in student living located between State Street and University Ave and only steps away from the University of Wisconsin.

Nearby schools

The closest school to Theory is Bernies Place Child Care Center, a private preschool 0.3 miles away. The closest public school is Franklin Elementary School, 1.3 miles away.

School	Type	Level	Distance
Bernies Place Child Care Center Private · Preschool	Private	Preschool	0.3 mi
Luther Memorial Pre-School Private · Preschool	Private	Preschool	0.3 mi
Bayview Head Start Private · Preschool	Private	Preschool	0.5 mi
Horizon High School Private · High	Private	High	0.6 mi
Meriter Childrn's Center-Chandler Private · Preschool	Private	Preschool	0.6 mi
Meriter Chldrn Center-Longfellow Private · Preschool	Private	Preschool	0.7 mi
St James Catholic School Private · Middle	Private	Middle	0.7 mi
Play Haven Vilas Private · Preschool	Private	Preschool	0.9 mi
St Mary's Hospital Child Care Center Private · Preschool	Private	Preschool	1.1 mi
Franklin Elementary School Public · Elementary	Public	Elementary	1.3 mi

Contact & management

Theory is managed by PeakMade Real Estate. The leasing office's phone number is 9204414080.

PeakMade Real Estate

Property manager