You can have a 3 bedroom/2 bathroom house with 1155 sq ft for less than $675 per month. 1909 Danbury St was foreclosed and is now an REO property on the market for $72,000. There is no basement, no garage, and some TLC is needed. But there aren’t too many houses for sale in the City of Madison at a price like this! Your monthly payment for mortgage, taxes & insurance would likely be below $675/month with only a 5% down payment. For 3bed/2bath and 1155 sq ft, I’m not sure if you could find a rental at that price in Madison!