Madison, WI Rental Market Trends
Highlights
The average rent for an apartment in Madison is $1,193, a 1% increase compared to the previous year, when the average rent was $1,186.
Studio apartments in Madison rent for $831 a month, while 1-bedroom apartments ask on average $1,017 a month; the average rent for a 2-bedroom apartment is $1,246.
Average Rent in Madison, WI
Last updated Oct 2018
| All rentals | Studio | 1 Bed | 2 Beds | 3 Beds | |
|---|---|---|---|---|---|
| Average Rent | $1,193 | $831 | $1,017 | $1,246 | $1,802 |
| Y-o-Y Change | 1% | 2% | n/a | 1% | -1% |
| Average Apartment Size | 847 sq. ft. | 499 sq. ft. | 703 sq. ft. | 983 sq. ft. | 1,276 sq. ft. |
The average size for a Madison apartment is 847 square feet, but this number varies greatly depending on apartment type. A studio averages 499 sq. ft., while a one-bedroom apartment offers a more generous square footage: 703. 2-bedroom apartments in Madison have an average size of 983 sq. ft.
Madison, WI Apartment Rent Ranges
- $501-$7002%
- $701-$1,00058%
- $1,001-$1,50035%
- $1,501-$2,0005%
Madison, WI Rent Trends
| Average Rent All rentals | Studio | 1 Bed | 2 Beds | 3 Beds | |
|---|---|---|---|---|---|
| Oct / 2018 | $1,193 | $831 | $1,017 | $1,246 | $1,802 |
| Jan / 2018 | $1,193 | $831 | $1,017 | $1,246 | $1,803 |
| Sept / 2017 | $1,176 | $817 | $999 | $1,232 | $1,804 |
| May / 2017 | $1,186 | $819 | $1,013 | $1,238 | $1,825 |
| Jan / 2017 | $1,175 | $815 | $999 | $1,227 | $1,816 |
| Sept / 2016 | $1,157 | $811 | $984 | $1,204 | $1,798 |
| May / 2016 | $1,156 | $811 | $982 | $1,207 | $1,776 |
| Jan / 2016 | $1,148 | $803 | $974 | $1,195 | $1,784 |
| Sept / 2015 | $1,129 | $763 | $966 | $1,180 | $1,717 |
| May / 2015 | $1,106 | $757 | $954 | $1,152 | $1,706 |
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Average Rent in Madison, WI By Neighborhood
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| Average Rent | |||||
|---|---|---|---|---|---|
| Neighborhood | All rentals | Studio | 1 Bed | 2 Beds | 3 Beds |
| Waunona | $920 | $697 | $836 | $986 | $1,230 |
| Leopold | $920 | $697 | $836 | $986 | $1,230 |
| Indian Springs | $920 | $697 | $836 | $986 | $1,230 |
| Capitol View Heights | $920 | $697 | $836 | $986 | $1,230 |
| Burr Oaks | $920 | $697 | $836 | $986 | $1,230 |
| Broadway - Lakepoint | $920 | $697 | $836 | $986 | $1,230 |
| Bram's Addition | $920 | $697 | $836 | $986 | $1,230 |
| Arbor Hills | $920 | $697 | $836 | $986 | $1,230 |
| Rolling Meadows | $921 | $960 | $831 | $962 | $965 |
| Heritage Heights | $921 | $960 | $831 | $962 | $965 |
| Eastmorland | $921 | $960 | $831 | $962 | $965 |
| Monona | $948 | $703 | $847 | $1,016 | $1,322 |
| Nakoma League | $980 | $739 | $867 | $1,079 | $1,317 |
| Highland Manor | $980 | $739 | $867 | $1,079 | $1,317 |
| Dunn's Marsh | $980 | $739 | $867 | $1,079 | $1,317 |
| Worthington Park | $988 | $768 | $881 | $1,038 | $1,257 |
| Starkweather - Yahara | $988 | $768 | $881 | $1,038 | $1,257 |
| Mayfair Park | $988 | $768 | $881 | $1,038 | $1,257 |
| Hiestand | $988 | $768 | $881 | $1,038 | $1,257 |
| Hawthorne | $988 | $768 | $881 | $1,038 | $1,257 |
| Burke Heights | $988 | $768 | $881 | $1,038 | $1,257 |
| Kennedy Heights | $1,010 | $759 | $897 | $1,075 | $1,324 |
| Cherokee Park | $1,010 | $759 | $897 | $1,075 | $1,324 |
| Whitetail Ridge | $1,014 | $761 | $899 | $1,075 | $1,324 |
| Westchester Gardens - Norman Acres | $1,014 | $761 | $899 | $1,075 | $1,324 |
| Sherman Terrace | $1,014 | $761 | $899 | $1,075 | $1,324 |
| Sherman | $1,014 | $761 | $899 | $1,075 | $1,324 |
| Sheridan Triangle - Maple Wood | $1,014 | $761 | $899 | $1,075 | $1,324 |
| Schenk - Atwood | $1,014 | $761 | $899 | $1,075 | $1,324 |
| Ridgewood | $1,014 | $761 | $899 | $1,075 | $1,324 |
| North Lake Mendota | $1,014 | $761 | $899 | $1,075 | $1,324 |
| Mendota Hills | $1,014 | $761 | $899 | $1,075 | $1,324 |
| Lake View Hill | $1,014 | $761 | $899 | $1,075 | $1,324 |
| Emerson East | $1,014 | $761 | $899 | $1,075 | $1,324 |
| Eken Park | $1,014 | $761 | $899 | $1,075 | $1,324 |
| Cherokee Garden | $1,014 | $761 | $899 | $1,075 | $1,324 |
| Carpenter - Ridgeway | $1,014 | $761 | $899 | $1,075 | $1,324 |
| Brentwood Village | $1,014 | $761 | $899 | $1,075 | $1,324 |
| Berkley Oaks - Majestic Oaks | $1,014 | $761 | $899 | $1,075 | $1,324 |
| Cherokee Marsh | $1,016 | $764 | $903 | $1,083 | $1,324 |
| Wexford Village | $1,060 | $806 | $945 | $1,197 | $1,772 |
| Walnut Grove | $1,060 | $806 | $945 | $1,197 | $1,772 |
| Oakbridge | $1,060 | $806 | $945 | $1,197 | $1,772 |
| Junction Ridge | $1,060 | $806 | $945 | $1,197 | $1,772 |
| Tamarack Trails - Wexford Ridge | $1,077 | $832 | $974 | $1,201 | $1,290 |
| Westmorland | $1,081 | $753 | $927 | $1,238 | $1,528 |
| Vilas | $1,081 | $753 | $927 | $1,238 | $1,528 |
| Summit Woods | $1,081 | $753 | $927 | $1,238 | $1,528 |
| Prairie Hills | $1,081 | $753 | $927 | $1,238 | $1,528 |
| Orchard Ridge Club | $1,081 | $753 | $927 | $1,238 | $1,528 |
| Midvale Heights | $1,081 | $753 | $927 | $1,238 | $1,528 |
| Meadowood | $1,081 | $753 | $927 | $1,238 | $1,528 |
| Greentree | $1,081 | $753 | $927 | $1,238 | $1,528 |
| Dudgeon - Monroe | $1,081 | $753 | $927 | $1,238 | $1,528 |
| Allied | $1,081 | $753 | $927 | $1,238 | $1,528 |
| Westhaven Trails | $1,083 | $798 | $966 | $1,217 | $1,321 |
| Maple - Prairie | $1,085 | $835 | $990 | $1,203 | $1,241 |
| High Point Estates | $1,085 | $835 | $990 | $1,203 | $1,241 |
| Country Grove | $1,085 | $835 | $990 | $1,203 | $1,241 |
| Blackhawk | $1,093 | $860 | $997 | $1,229 | $1,283 |
| Stone Meadows | $1,108 | $850 | $1,019 | $1,234 | $1,275 |
| Newberry Heights | $1,108 | $850 | $1,019 | $1,234 | $1,275 |
| Glacier Ridge | $1,108 | $850 | $1,019 | $1,234 | $1,275 |
| Oakwood Village | $1,116 | $829 | $1,017 | $1,236 | $1,365 |
| Woodlands - Saukborough | $1,122 | $816 | $1,005 | $1,254 | $1,582 |
| Parkwood Hills | $1,122 | $816 | $1,005 | $1,254 | $1,582 |
| Sprecher East | $1,129 | $873 | $1,029 | $1,235 | $1,384 |
| High Crossing | $1,129 | $873 | $1,029 | $1,235 | $1,384 |
| Regent | $1,129 | $791 | $998 | $1,279 | $1,576 |
| Lake Edge | $1,169 | $850 | $987 | $1,192 | $1,708 |
| Glendale | $1,169 | $850 | $987 | $1,192 | $1,708 |
| Elvehjem | $1,169 | $850 | $987 | $1,192 | $1,708 |
| University | $1,170 | $818 | $1,059 | $1,323 | $1,595 |
| Sunset Village | $1,172 | $818 | $1,063 | $1,301 | $1,553 |
| Spring Harbor | $1,172 | $818 | $1,063 | $1,301 | $1,553 |
| Radio Park | $1,172 | $818 | $1,063 | $1,301 | $1,553 |
| Old Middleton Greenway | $1,172 | $818 | $1,063 | $1,301 | $1,553 |
| Hill Farms - University | $1,172 | $818 | $1,063 | $1,301 | $1,553 |
| Highlands - Appalachian | $1,172 | $818 | $1,063 | $1,301 | $1,553 |
| Glen Oak Hills | $1,172 | $818 | $1,063 | $1,301 | $1,553 |
| Faircrest | $1,172 | $818 | $1,063 | $1,301 | $1,553 |
| Hawk's Landing | $1,206 | $891 | $1,127 | $1,401 | $1,948 |
| East Buckeye | $1,221 | $976 | $1,081 | $1,304 | $1,670 |
| Token Creek Park | $1,227 | $952 | $1,092 | $1,371 | $1,649 |
| Lost Creek | $1,238 | $982 | $1,100 | $1,371 | $1,649 |
| Richmond Hill | $1,244 | $982 | $1,107 | $1,375 | $1,649 |
| North - East Park | $1,244 | $982 | $1,107 | $1,375 | $1,649 |
| McClellan Park | $1,244 | $982 | $1,107 | $1,375 | $1,649 |
| Marquette | $1,373 | $837 | $1,155 | $1,415 | $2,033 |
| Tenney - Lapham | $1,574 | $849 | $1,294 | $1,749 | $2,491 |
| Capitol | $1,574 | $849 | $1,294 | $1,749 | $2,491 |
| State - Langdon | $1,645 | $865 | $1,290 | $1,754 | $2,483 |
| South Campus | $1,900 | $1,057 | $1,274 | $1,768 | $2,469 |
| Monona Bay | $1,900 | $1,057 | $1,274 | $1,768 | $2,469 |
| Greenbush | $1,900 | $1,057 | $1,274 | $1,768 | $2,469 |
| Bay Creek | $1,900 | $1,057 | $1,274 | $1,768 | $2,469 |
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The most affordable neighborhoods in Madison are Arbor Hills, where the average rent goes for $920/month, Bram's Addition, where renters pay $920/mo on average, and Broadway - Lakepoint, where the average rent goes for $920/mo. If you’re looking for other great deals, check out the listings from Burr Oaks ($920), Capitol View Heights ($920), and Indian Springs ($920), where the asking prices are below the average Madison rent of $1,193/mo.
The most expensive neighborhoods in Madison are Greenbush ($1,900), Monona Bay ($1,900) and South Campus ($1,900).
Madison | Rent Comparison by Neighborhood
Rent in Allied is 18% higher than in Arbor Hills
$1,081
Allied rent is 9% lower than Madison average
| All rentals | $1,081 |
|---|---|
| Studio | $753 |
| 1 Bed | $927 |
| 2 Beds | $1,238 |
| 3 Beds | $1,528 |
$920
Arbor Hills rent is 23% lower than Madison average
| All rentals | $920 |
|---|---|
| Studio | $697 |
| 1 Bed | $836 |
| 2 Beds | $986 |
| 3 Beds | $1,230 |
How Does Madison Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Madison | $1,193 | 1% |
| Monona | $948 | 2% |
| Maple Bluff | $1,014 | 0% |
| Fitchburg | $1,016 | 1% |
| Middleton | $1,069 | -1% |
| Sun Prairie | $1,062 | -1% |
| Cottage Grove | $1,062 | -1% |
| Verona | $1,206 | 0% |
| Cross Plains | $842 | 3% |
| Waunakee | $952 | 0% |
For more information about the Madison rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
- Rosewood Villas
- PH Apartments
- Valley View Apartments
- Park Village Apartments
- Fitchburg Square Apartments
- Sycamore Woods Apartment Homes
- Commercial Avenue
- 152 E. Johnson St.
- Lake Pointe Apartments
- Rivers Edge Madison
- Lake Point Terrace
- Brighton Square
- The Landing on East Hill Parkway
- Orchard Court
- Kensington Pointe
- Cambridge Place
- McKenna Woods
- 229 Lakelawn
- Campus Area Houses (MH Rentals)
- The Meadows Apartments
Mid-priced Listings on RENTCafé
- Stockbridge Trails
- Stonewood Apartments
- College Station
- apollo 502
- Cardinal Place
- The Current
- Latitude 43
- Barrington Place Apartments
- Fusion at 841
- Hawks Ridge
- Cross Hill Heights
- Johnson House
- LaCiel
- Lake Edge
- Capitol Centre Court Apartments
- The Madison Apartments
- Campus Area Houses (HCP Corp)
- Woodland Fields
- Brookstone Townhomes
- Waldorf Midtown
Most Expensive Listings on RENTCafé
- LaVille
- Paragon Place at Bear Claw Way
- Sequoya Commons, LLC
- Jupiter Crossing
- Tree Lane Park Apartments
- Door Creek Apartments
- The Marling
- Park Regent Apartments
- Sunset Terrace
- Hercules Trail
- The Ideal
- Longfellow Lofts Modern
- Longfellow Lofts
- Copper Creek
- BRODY DRIVE
- Nichols Station Apartments
- State Street
- Brooks Towne
- Longfellow Lofts Historic
- Campus Area Houses (MMS Inc.)
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.