Madison, WI Rental Market Trends
What is the average rent in Madison?
The average rent for an apartment in Madison is $1,597. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Madison, WI
Average Rent | Average Apartment Size |
---|---|
$1,597 | 838 sq. ft. |
What is the average apartment size in Madison?
The average size for a Madison, WI apartment is 838 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, WI apartment rent ranges
Madison, WI Occupied Housing Units
61,468 or 52% of the households in Madison, WI are renter-occupied while 55,856 or 48% are owner-occupied.
Madison, WI rent trends

Average Rent in Madison, WI By Neighborhood
Neighborhood | Average Rent |
---|---|
Bay Creek | $2,250 |
Greenbush | $2,250 |
Monona Bay | $2,250 |
South Campus | $2,250 |
State - Langdon | $2,073 |
Capitol | $2,032 |
Tenney - Lapham | $2,032 |
Marquette | $1,793 |
Token Creek Park | $1,598 |
McClellan Park | $1,594 |
North - East Park | $1,594 |
Richmond Hill | $1,594 |
Lost Creek | $1,586 |
University | $1,580 |
East Buckeye | $1,559 |
Hawk's Landing | $1,558 |
Regent | $1,549 |
Faircrest | $1,549 |
Glen Oak Hills | $1,549 |
Highlands - Appalachian | $1,549 |
Hill Farms - University | $1,549 |
Old Middleton Greenway | $1,549 |
Radio Park | $1,549 |
Spring Harbor | $1,549 |
Sunset Village | $1,549 |
Allied | $1,521 |
Dudgeon - Monroe | $1,521 |
Greentree | $1,521 |
Meadowood | $1,521 |
Midvale Heights | $1,521 |
Orchard Ridge Club | $1,521 |
Prairie Hills | $1,521 |
Summit Woods | $1,521 |
Vilas | $1,521 |
Westmorland | $1,521 |
High Crossing | $1,488 |
Sprecher East | $1,488 |
Parkwood Hills | $1,468 |
Woodlands - Saukborough | $1,468 |
Oakwood Village | $1,463 |
Westhaven Trails | $1,461 |
Elvehjem | $1,451 |
Glendale | $1,451 |
Lake Edge | $1,451 |
Glacier Ridge | $1,450 |
Newberry Heights | $1,450 |
Stone Meadows | $1,450 |
Blackhawk | $1,443 |
Country Grove | $1,414 |
High Point Estates | $1,414 |
Maple - Prairie | $1,414 |
Cherokee Marsh | $1,406 |
Tamarack Trails - Wexford Ridge | $1,397 |
Cherokee Park | $1,392 |
Kennedy Heights | $1,392 |
Dunn's Marsh | $1,392 |
Highland Manor | $1,392 |
Nakoma League | $1,392 |
Berkley Oaks - Majestic Oaks | $1,386 |
Brentwood Village | $1,386 |
Carpenter - Ridgeway | $1,386 |
Cherokee Garden | $1,386 |
Eken Park | $1,386 |
Emerson East | $1,386 |
Lake View Hill | $1,386 |
Mendota Hills | $1,386 |
North Lake Mendota | $1,386 |
Ridgewood | $1,386 |
Schenk - Atwood | $1,386 |
Sheridan Triangle - Maple Wood | $1,386 |
Sherman | $1,386 |
Sherman Terrace | $1,386 |
Westchester Gardens - Norman Acres | $1,386 |
Whitetail Ridge | $1,386 |
Burke Heights | $1,358 |
Hawthorne | $1,358 |
Hiestand | $1,358 |
Mayfair Park | $1,358 |
Starkweather - Yahara | $1,358 |
Worthington Park | $1,358 |
Junction Ridge | $1,358 |
Oakbridge | $1,358 |
Walnut Grove | $1,358 |
Wexford Village | $1,358 |
Monona | $1,324 |
Arbor Hills | $1,309 |
Bram's Addition | $1,309 |
Broadway - Lakepoint | $1,309 |
Burr Oaks | $1,309 |
Capitol View Heights | $1,309 |
Indian Springs | $1,309 |
Leopold | $1,309 |
Waunona | $1,309 |
Eastmorland | $1,279 |
Heritage Heights | $1,279 |
Rolling Meadows | $1,279 |
What are the most affordable neighborhoods in Madison?
The most affordable neighborhoods in Madison are Eastmorland, where the average rent goes for $1,279/month, Heritage Heights, where renters pay $1,279/mo on average, and Rolling Meadows, where the average rent goes for $1,279/mo. If you’re looking for other great deals, check out the listings from Arbor Hills ($1,309), Bram's Addition ($1,309), and Broadway - Lakepoint ($1,309), where the asking prices are below the average Madison rent of $1,597/mo.
What are the most expensive neighborhoods in Madison?
The most expensive neighborhoods in Madison are Greenbush ($2,250), Monona Bay ($2,250) and South Campus ($2,250).
What are the most popular neighborhoods in Madison?
The most popular neighborhood in Madison is Burr Oaks, where there are 7 listings with an average rent of $1,309. Next up is Arbor Hills, where apartments go for $1,309/month, followed by Sherman Terrace with $1,386 If you’re looking to rent in Madison’s most popular neighborhoods, make sure to also check out Capitol, where renters pay $2,032 on average, and Hawk's Landing, where the average monthly rent is $1,558.
Madison | Rent Comparison by Neighborhood
Rent in Allied is 16% higher than in Arbor Hills
Allied rent is 5% lower than Madison average
Average Rent | $1,521 |
---|
Arbor Hills rent is 18% lower than Madison average
Average Rent | $1,309 |
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How Madison Compares to Other Cities
City | Average Rent |
---|---|
Madison | $1,597 |
Milwaukee | $1,410 |
La Crosse | $1,201 |
Fitchburg | $1,396 |
Brookfield | $1,600 |
Onalaska | $1,222 |
Sun Prairie | $1,398 |
New Berlin | $1,506 |
Hudson | $1,056 |
Middleton | $1,441 |
Wauwatosa | $1,431 |
Waukesha | $1,285 |
West Allis | $1,219 |
Oconomowoc | $1,540 |
Reedsburg | $1,074 |
Wisconsin Dells | $1,322 |
Monona | $1,324 |
Whitewater | $1,681 |
Baraboo | $1,136 |
Elkhorn | $1,203 |
Stoughton | $1,055 |
What is the average price for a storage unit in Madison?
The average rent for a non-climate-controlled 10'x10' storage unit in Madison is $105.43. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.