Madison, AL Rental Market Trends

Highlights

The average rent for an apartment in Madison is $828, a 1% increase compared to the previous year, when the average rent was $821.

Studio apartments in Madison rent for $629 a month, while 1-bedroom apartments ask on average $763 a month; the average rent for a 2-bedroom apartment is $836.

Average Rent in Madison, AL

Last updated Oct 2018
All rentals Studio 1 Bed 2 Beds 3 Beds
Average Rent $828 $629 $763 $836 $946
Y-o-Y Change 1% 1% 1% 2% -3%
Average Apartment Size 1,060 sq. ft. 572 sq. ft. 817 sq. ft. 1,104 sq. ft. 1,322 sq. ft.

The average size for a Madison apartment is 1,060 square feet, but this number varies greatly depending on apartment type. A studio averages 572 sq. ft., while a one-bedroom apartment offers a more generous square footage: 817. 2-bedroom apartments in Madison have an average size of 1,104 sq. ft.

Madison, AL Apartment Rent Ranges

  • < $5001%
  • $501-$70042%
  • $701-$1,00051%
  • $1,001-$1,5004%
  • $1,501-$2,0002%

Madison, AL Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Oct / 2018 $828 $629 $763 $836 $946
Jan / 2018 $828 $629 $763 $836 $946
Sept / 2017 $829 $612 $766 $837 $949
May / 2017 $821 $621 $756 $823 $971
Jan / 2017 $797 $619 $732 $797 $948
Sept / 2016 $799 $617 $735 $798 $952
/

Average Rent in Madison, AL By Neighborhood

Iredell - Woodmill Trace
$877
South Ridge - Worley Acres
$877
Belle Mor Lakes
$823
Buchanan Estates - Colonial Promenade
$823
Cross Creek
$823
Stallion Run
$823
Ashley Greens
$814
Bridgefield - Crown Pointe
$814
Cedar Spring Station
$814
Chadrick
$814
Chapel Hill
$814
Clift Acres
$814
Clifts Cove
$814
Colinwood Estates - Liberty Manor
$814
Downtown Madison
$814
Edgewater - Mountain Brook,Home Place
$814
Franklin Station
$814
Heritage Plantation
$814
Highland Lakes
$814
Homestead
$814
Liberty Square - Walden Preserve
$814
Madison Park Apartments
$814
Metta Lands
$814
Millstone
$814
Palmer Park
$814
Park Meadow
$814
Pebble Brook
$814
Rainbow Landing
$814
Stone Crest - Lexington
$814
Stoneridge
$814
Stratford Square
$814
Sweetbriar Hollow
$814
The Villas At Madison
$814
Westgate
$814
Whitehall
$814
Windsor Parke
$814
Woodfield
$814
/
/

The most affordable neighborhoods in Madison are Ashley Greens, where the average rent goes for $814/month, Bridgefield - Crown Pointe, where renters pay $814/mo on average, and Cedar Spring Station, where the average rent goes for $814/mo. If you’re looking for other great deals, check out the listings from Chadrick ($814), Chapel Hill ($814), and Clift Acres ($814), where the asking prices are below the average Madison rent of $828/mo.

The most expensive neighborhoods in Madison are Stallion Run ($823), Iredell - Woodmill Trace ($877) and South Ridge - Worley Acres ($877).

Madison | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Ashley Greens is 1% lower than in Belle Mor Lakes

$814

Ashley Greens rent is 2% lower than Madison average

All rentals $814
Studio $629
1 Bed $766
2 Beds $807
3 Beds $967
$823

Belle Mor Lakes rent is 1% lower than Madison average

All rentals $823
Studio $629
1 Bed $764
2 Beds $819
3 Beds $974

How Does Madison Compare to Nearby Cities

Average Rent Y-o-Y Change
Huntsville $767 0%
Madison $828 1%
Moores Mill $613 8%
New Hope $765 0%

For more information about the Madison rental trends, check out our monthly rent report

Cheapest Listings on RENTCafé

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Madison apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

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