Madison, WI Rental Market Trends
What is the average rent in Madison?
The average rent for an apartment in Madison is $1,411. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Madison, WI
| Average Rent | Average Apartment Size |
|---|---|
| $1,411 | 843 sq. ft. |
What is the average apartment size in Madison?
The average size for a Madison, WI apartment is 843 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
61,209 or 54% of the households in Madison, WI are renter-occupied while 50,623 or 45% are owner-occupied.
Madison, WI Rent Trends
| Average Rent | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Feb / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Madison, WI | $1,219 | $1,234 | $1,252 | $1,256 | $1,269 | $1,281 | $1,288 | $1,320 | $1,346 | $1,365 | $1,411 |
| National | $1,362 | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
Average Rent in Madison, WI By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Bay Creek | $2,118 |
| Greenbush | $2,118 |
| Monona Bay | $2,118 |
| South Campus | $2,118 |
| State - Langdon | $1,846 |
| Capitol | $1,771 |
| Tenney - Lapham | $1,771 |
| Marquette | $1,558 |
| McClellan Park | $1,439 |
| North - East Park | $1,439 |
| Richmond Hill | $1,439 |
| Lost Creek | $1,430 |
| Token Creek Park | $1,423 |
| East Buckeye | $1,409 |
| Hawk's Landing | $1,378 |
| University | $1,341 |
| Faircrest | $1,340 |
| Glen Oak Hills | $1,340 |
| Highlands - Appalachian | $1,340 |
| Hill Farms - University | $1,340 |
| Old Middleton Greenway | $1,340 |
| Radio Park | $1,340 |
| Spring Harbor | $1,340 |
| Sunset Village | $1,340 |
| Elvehjem | $1,330 |
| Glendale | $1,330 |
| Lake Edge | $1,330 |
| Regent | $1,328 |
| High Crossing | $1,328 |
| Sprecher East | $1,328 |
| Allied | $1,316 |
| Dudgeon - Monroe | $1,316 |
| Greentree | $1,316 |
| Meadowood | $1,316 |
| Midvale Heights | $1,316 |
| Orchard Ridge Club | $1,316 |
| Prairie Hills | $1,316 |
| Summit Woods | $1,316 |
| Vilas | $1,316 |
| Westmorland | $1,316 |
| Oakwood Village | $1,286 |
| Glacier Ridge | $1,285 |
| Newberry Heights | $1,285 |
| Stone Meadows | $1,285 |
| Westhaven Trails | $1,282 |
| Parkwood Hills | $1,282 |
| Woodlands - Saukborough | $1,282 |
| Blackhawk | $1,279 |
| Country Grove | $1,257 |
| High Point Estates | $1,257 |
| Maple - Prairie | $1,257 |
| Tamarack Trails - Wexford Ridge | $1,243 |
| Cherokee Marsh | $1,230 |
| Cherokee Park | $1,227 |
| Kennedy Heights | $1,227 |
| Berkley Oaks - Majestic Oaks | $1,220 |
| Brentwood Village | $1,220 |
| Carpenter - Ridgeway | $1,220 |
| Cherokee Garden | $1,220 |
| Eken Park | $1,220 |
| Emerson East | $1,220 |
| Lake View Hill | $1,220 |
| Mendota Hills | $1,220 |
| North Lake Mendota | $1,220 |
| Ridgewood | $1,220 |
| Schenk - Atwood | $1,220 |
| Sheridan Triangle - Maple Wood | $1,220 |
| Sherman | $1,220 |
| Sherman Terrace | $1,220 |
| Westchester Gardens - Norman Acres | $1,220 |
| Whitetail Ridge | $1,220 |
| Junction Ridge | $1,210 |
| Oakbridge | $1,210 |
| Walnut Grove | $1,210 |
| Wexford Village | $1,210 |
| Burke Heights | $1,197 |
| Hawthorne | $1,197 |
| Hiestand | $1,197 |
| Mayfair Park | $1,197 |
| Starkweather - Yahara | $1,197 |
| Worthington Park | $1,197 |
| Dunn's Marsh | $1,196 |
| Highland Manor | $1,196 |
| Nakoma League | $1,196 |
| Monona | $1,138 |
| Eastmorland | $1,122 |
| Heritage Heights | $1,122 |
| Rolling Meadows | $1,122 |
| Arbor Hills | $1,115 |
| Bram's Addition | $1,115 |
| Broadway - Lakepoint | $1,115 |
| Burr Oaks | $1,115 |
| Capitol View Heights | $1,115 |
| Indian Springs | $1,115 |
| Leopold | $1,115 |
| Waunona | $1,115 |
What are the most affordable neighborhoods in Madison?
The most affordable neighborhoods in Madison are Arbor Hills, where the average rent goes for $1,115/month, Bram's Addition, where renters pay $1,115/mo on average, and Broadway - Lakepoint, where the average rent goes for $1,115/mo. If you’re looking for other great deals, check out the listings from Burr Oaks ($1,115), Capitol View Heights ($1,115), and Indian Springs ($1,115), where the asking prices are below the average Madison rent of $1,411/mo.
What are the most expensive neighborhoods in Madison?
The most expensive neighborhoods in Madison are Greenbush ($2,118), Monona Bay ($2,118) and South Campus ($2,118).
What are the most popular neighborhoods in Madison?
The most popular neighborhood in Madison is McClellan Park, where there are 7 verified RentCafe listings with an average rent of $1,439. Next up is Sherman Terrace, where apartments go for $1,220/month, followed by Capitol with $1,771 If you’re looking to rent in Madison’s most popular neighborhoods, make sure to also check out Greenbush, where renters pay $2,118 on average, and Hawk's Landing, where the average monthly rent is $1,378.
Madison | Rent Comparison by Neighborhood
Rent in Allied is 18% higher than in Arbor Hills
Allied rent is 7% lower than Madison average
| Average Rent | $1,316 |
|---|
Arbor Hills rent is 21% lower than Madison average
| Average Rent | $1,115 |
|---|
How Madison Compares to Other Cities
| City | Average Rent |
|---|---|
| Madison | $1,411 |
| Milwaukee | $1,308 |
| Fitchburg | $1,214 |
| Sun Prairie | $1,255 |
| Brookfield | $1,461 |
| Wauwatosa | $1,299 |
| Middleton | $1,284 |
| New Berlin | $1,369 |
| Waukesha | $1,162 |
| Cross Plains | $903 |
| Oconomowoc | $1,420 |
| Verona | $1,378 |
| Monona | $1,138 |
| Waunakee | $1,322 |
| Wisconsin Dells | $1,588 |
| Cottage Grove | $1,265 |
| DeForest | $1,349 |
Most Popular Apartments in Madison
Two Points Crossing
9419 Modern Point Lane, Madison, WI 53593- Studio
- 1 BED
- 2+ BEDS
- Ask for pricing
- $1,445
- $1,845
The Current
800 West Broadway, Monona, WI 53713- Studio
- 1 BED
- 2 BEDS
- Ask for pricing
- $1,625+
- Ask for pricing