Madison, WI Rental Market Trends

Q: 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.

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

Last updated July 2023

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

Access comprehensive real estate data and information on Yardi Matrix

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

$1,521

Allied rent is 5% lower than Madison average

Average Rent	$1,521

$1,309

Arbor Hills rent is 18% lower than Madison average

Average Rent	$1,309

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.