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3 Bedroom Apartments for Rent in Madison, WI - 41 Rentals available

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Madison, WI Demographics

  • Total Population243,122
  • Female 119,844
    Male 123,278
  • Median Age30.9

Average Rent for 3 Bedroom apartments in Madison, WI

  • The average rent for a 3 Bedroom apartment in Madison, WI, November 2018$1,193/mo
  • 1 Bedroom$1,017
  • 2 Bedrooms$1,246
  • 3 Bedrooms$1,802

Madison, WI 3 Bedroom Apartment Rent Ranges

  • $701-$1,0006%
  • $1,001-$1,50042%
  • $1,501-$2,00018%
  • > $2,00035%

Madison, WI 3 Bedroom Apartment Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Nov / 2018 $1,193 $1,802
Jan / 2018 $1,193 $1,803
Sept / 2017 $1,176 $1,804
May / 2017 $1,186 $1,825
Jan / 2017 $1,175 $1,816
Sept / 2016 $1,157 $1,798
May / 2016 $1,156 $1,776
Jan / 2016 $1,148 $1,784
Sept / 2015 $1,129 $1,717
May / 2015 $1,106 $1,706
/

Check out the average rent prices in Madison by neighborhood.

Madison, WI Households

  • Total Number of Households104,087
  • Family 50,256
    Non-family 53,831
  • Children 23,758
    No Children 80,329
  • Average People Per Household2.22
  • Median Household Income$54,896
  • Median Housing Costs Per Month$1,091

Madison, WI Education Statistics

  • No High School2%
  • Some High School19%
  • Some College26%
  • Associate Degree6%
  • Bachelor Degree28%
  • Graduate Degree19%

Renting a 3 bedroom apartment in Madison, WI

Upgrading to a 3 bedroom apartment can have its pros and cons. Most renters who are looking for a three bedroom rental is because they need extra space for a home office, or for a child. This size apartment is also practical to share with roommates as it actually saves money on rent when 3 or 4 people get together to rent a 3 bedroom unit. They are very spacious, averaging around 1,096 Sqft. Or you can get even more space if you select “3+” beds in the top menu. The only down side is that they cost more. In Madison, WI, rents on 3 bedroom apartments go up to $5,190. 30 rental properties offer 3 bedroom units in Madison, WI to choose from. You are more likely to find 3 bedroom apartments in primarily residential neighborhoods, away from business districts and urban cores.

Tips on finding a cheap 3 bedroom apartment in Madison, WI

For most renters, the cost of rent is the major pain point. The larger the apartment, the more money comes out of their pocket. For that reason, cheap 3 bedroom apartments are in high demand and hard to come by. Though rent prices can go as low as $825 in Madison, WI, the market is still tight. But with a little diligence and some handy search tools, you will find an affordable apartment. Try an area that’s further away from the main city attractions, or try an older building that may have cheaper apartments and a ton of charm. Try searching in more affordable neighborhoods, like Bram's Addition or another nearby. Sometimes lower-priced residential areas have diversity and ethnic authenticity that lend them a lot of character and color.