Madison, TN Rental Market Trends
Highlights
The average rent for an apartment in Madison is $978, a 9% increase compared to the previous year, when the average rent was $897.
Average Rent in Madison, TN
Last updated November 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $978 | 9% | 926 sq. ft. |
The average size for a Madison, TN apartment is 926 square feet, but this number varies greatly depending on apartment type. 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, TN Apartment Rent Ranges
- $501-$7006%
- $701-$1,00056%
- $1,001-$1,50035%
- $1,501-$2,0002%
Madison, TN Occupied Housing Units
- Renter-occupied Households45%
- Owner-occupied Households54%
7,430 or 45% of the households in Madison, TN are renter-occupied while 9,056 or 54% are owner-occupied.
Madison, TN Rent Trends
| Average Rent | Jul / 2016 | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Nov / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Madison, TN | $822 | $843 | $853 | $874 | $877 | $897 | $897 | $955 | $950 | $978 |
| National | $1,342 | $1,350 | $1,346 | $1,378 | $1,380 | $1,383 | $1,418 | $1,427 | $1,431 | $1,466 |
/
How Does Madison Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Nashville | $1,405 | 5% |
| Antioch | $1,032 | 4% |
| Hermitage | $1,158 | 10% |
| Madison | $978 | 9% |
| Goodlettsville | $1,138 | 5% |
| Old Hickory | $1,313 | 11% |
| Belle Meade | $1,760 | 20% |
| Berry Hill | $1,160 | 8% |
| Forest Hills | $2,200 | 54% |
For more information about the Madison rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
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 ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.