Madison, AL Rental Market Trends
What is the average rent in Madison?
The average rent for an apartment in Madison is $1,118, a 14% increase compared to the previous year, when the average rent was $982.
Average Rent in Madison, AL
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,118 | 14% | 1,026 sq. ft. |
What is the average apartment size in Madison?
The average size for a Madison, AL apartment is 1,026 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Madison, AL Apartment Rent Ranges
- $701-$1,00035%
- $1,001-$1,50058%
- $1,501-$2,0007%
Madison, AL Occupied Housing Units
- Renter-occupied Households28%
- Owner-occupied Households71%
5,285 or 28% of the households in Madison, AL are renter-occupied while 13,540 or 71% are owner-occupied.
Madison, AL Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Jun / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Madison, AL | $828 | $828 | $897 | $892 | $934 | $966 | $982 | $1,029 | $1,069 | $1,118 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 |
Average Rent in Madison, AL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Andover - Clayton Cove | $1,277 |
| Arbor Springs - Hunters Crossing | $1,277 |
| Autumn Creek | $1,277 |
| Beverlys Place | $1,277 |
| Church Hill Park | $1,277 |
| Cobblestone - Stonebrier | $1,277 |
| Knox Creek | $1,277 |
| Lanier Lakes | $1,277 |
| Laurenwood Preserve | $1,277 |
| Maple Ridge - Heritage Brook | $1,277 |
| Monrovia Acres | $1,277 |
| Pike Farms | $1,277 |
| Spencer Place | $1,277 |
| Iredell - Woodmill Trace | $1,165 |
| South Ridge - Worley Acres | $1,165 |
| Belle Mor Lakes | $1,143 |
| Buchanan Estates - Colonial Promenade | $1,143 |
| Cross Creek | $1,143 |
| Stallion Run | $1,143 |
| Ashley Greens | $1,125 |
| Bridgefield - Crown Pointe | $1,125 |
| Cedar Spring Station | $1,125 |
| Chadrick | $1,125 |
| Chapel Hill | $1,125 |
| Clift Acres | $1,125 |
| Clifts Cove | $1,125 |
| Colinwood Estates - Liberty Manor | $1,125 |
| Downtown Madison | $1,125 |
| Edgewater - Mountain Brook | $1,125 |
| Franklin Station | $1,125 |
| Heritage Plantation | $1,125 |
| Highland Lakes | $1,125 |
| Homestead | $1,125 |
| Liberty Square - Walden Preserve | $1,125 |
| Madison Park Apartments | $1,125 |
| Metta Lands | $1,125 |
| Millstone | $1,125 |
| Palmer Park | $1,125 |
| Park Meadow | $1,125 |
| Pebble Brook | $1,125 |
| Rainbow Landing | $1,125 |
| Stone Crest - Lexington | $1,125 |
| Stoneridge | $1,125 |
| Stratford Square | $1,125 |
| Sweetbriar Hollow | $1,125 |
| The Villas At Madison | $1,125 |
| Westgate | $1,125 |
| Whitehall | $1,125 |
| Windsor Parke | $1,125 |
| Woodfield | $1,125 |
| Huntsville International Airport | $1,060 |
| Ashbury | $997 |
| Brentwood Village | $997 |
| Brighton Park At Ashbury | $997 |
| Buckeye Pond | $997 |
| Cambridge - Waterford | $997 |
| Chase Farm At Greenbrier | $997 |
| Copperfield | $997 |
| Creekside At Hardiman Place | $997 |
| Greenbrier | $997 |
| Greenbrier Patch | $997 |
| Greenbrier Woods | $997 |
| Heritage Provence | $997 |
| Morris Estates | $997 |
| Oak Alley | $997 |
| Oakland | $997 |
| Olde Cobblestone | $997 |
| Southpoint Industrial Park | $997 |
| Stillwater Cove | $997 |
| Westlake | $997 |
What are the most affordable neighborhoods in Madison?
The most affordable neighborhoods in Madison are Ashbury, where the average rent goes for $997/month, Brentwood Village, where renters pay $997/mo on average, and Brighton Park At Ashbury, where the average rent goes for $997/mo. If you’re looking for other great deals, check out the listings from Buckeye Pond ($997), Cambridge - Waterford ($997), and Chase Farm At Greenbrier ($997), where the asking prices are below the average Madison rent of $1,118/mo.
What are the most expensive neighborhoods in Madison?
The most expensive neighborhoods in Madison are Monrovia Acres ($1,277), Pike Farms ($1,277) and Spencer Place ($1,277).
What are the most popular neighborhoods in Madison?
The most popular neighborhood in Madison is Madison Park Apartments, where there are 2 verified RENTCafé listings with an average rent of $1,125. Next up is Palmer Park, where apartments go for $1,125/month, followed by Cross Creek with $1,143 If you’re looking to rent in Madison’s most popular neighborhoods, make sure to also check out Downtown Madison, where renters pay $1,125 on average, and Edgewater - Mountain Brook, where the average monthly rent is $1,125.
Madison | Rent Comparison by Neighborhood
Rent in Andover - Clayton Cove is the same as in Arbor Springs - Hunters Crossing
Andover - Clayton Cove rent is 14% higher than Madison average
| Average Rent | $1,277 |
|---|
Arbor Springs - Hunters Crossing rent is 14% higher than Madison average
| Average Rent | $1,277 |
|---|
How Madison Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Birmingham | $1,107 | 7% |
| Mobile | $938 | 11% |
| Huntsville | $985 | 10% |
| Tuscaloosa | $1,135 | 1% |
| Calera | $1,114 | 25% |
| Madison | $1,118 | 14% |
| Athens | $623 | 11% |
| Decatur | $614 | 7% |