Madison, WI Rental Market Trends
Highlights
The average rent for an apartment in Madison is $1,272, a 3% increase compared to the previous year.
Average Rent in Madison, WI
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,272 | 3% | 844 sq. ft. |
The average size for a Madison, WI apartment is 844 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
- $501-$7002%
- $701-$1,00032%
- $1,001-$1,50046%
- $1,501-$2,00012%
- > $2,0008%
Madison, WI Occupied Housing Units
- Renter-occupied Households52%
- Owner-occupied Households47%
57,430 or 52% of the households in Madison, WI are renter-occupied while 51,143 or 47% are owner-occupied.
Madison, WI Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Madison, WI | $1,169 | $1,188 | $1,202 | $1,192 | $1,205 | $1,211 | $1,219 | $1,234 | $1,252 | $1,256 | $1,272 |
| National | $1,340 | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Madison, WI By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Waunona | $980 |
| Leopold | $980 |
| Indian Springs | $980 |
| Capitol View Heights | $980 |
| Burr Oaks | $980 |
| Broadway - Lakepoint | $980 |
| Bram's Addition | $980 |
| Arbor Hills | $980 |
| Rolling Meadows | $1,007 |
| Heritage Heights | $1,007 |
| Eastmorland | $1,007 |
| Monona | $1,007 |
| Nakoma League | $1,055 |
| Highland Manor | $1,055 |
| Dunn's Marsh | $1,055 |
| Worthington Park | $1,091 |
| Starkweather - Yahara | $1,091 |
| Mayfair Park | $1,091 |
| Hiestand | $1,091 |
| Hawthorne | $1,091 |
| Burke Heights | $1,091 |
| Cherokee Marsh | $1,117 |
| Whitetail Ridge | $1,120 |
| Westchester Gardens - Norman Acres | $1,120 |
| Sherman Terrace | $1,120 |
| Sherman | $1,120 |
| Sheridan Triangle - Maple Wood | $1,120 |
| Schenk - Atwood | $1,120 |
| Ridgewood | $1,120 |
| North Lake Mendota | $1,120 |
| Mendota Hills | $1,120 |
| Lake View Hill | $1,120 |
| Emerson East | $1,120 |
| Eken Park | $1,120 |
| Cherokee Garden | $1,120 |
| Carpenter - Ridgeway | $1,120 |
| Brentwood Village | $1,120 |
| Berkley Oaks - Majestic Oaks | $1,120 |
| Wexford Village | $1,122 |
| Walnut Grove | $1,122 |
| Oakbridge | $1,122 |
| Junction Ridge | $1,122 |
| Kennedy Heights | $1,124 |
| Cherokee Park | $1,124 |
| Tamarack Trails - Wexford Ridge | $1,141 |
| Maple - Prairie | $1,149 |
| High Point Estates | $1,149 |
| Country Grove | $1,149 |
| Westhaven Trails | $1,158 |
| Westmorland | $1,172 |
| Vilas | $1,172 |
| Summit Woods | $1,172 |
| Prairie Hills | $1,172 |
| Orchard Ridge Club | $1,172 |
| Midvale Heights | $1,172 |
| Meadowood | $1,172 |
| Greentree | $1,172 |
| Dudgeon - Monroe | $1,172 |
| Allied | $1,172 |
| Oakwood Village | $1,174 |
| Woodlands - Saukborough | $1,176 |
| Parkwood Hills | $1,176 |
| Blackhawk | $1,182 |
| Sprecher East | $1,184 |
| High Crossing | $1,184 |
| Stone Meadows | $1,184 |
| Newberry Heights | $1,184 |
| Glacier Ridge | $1,184 |
| Regent | $1,194 |
| University | $1,215 |
| Sunset Village | $1,220 |
| Spring Harbor | $1,220 |
| Radio Park | $1,220 |
| Old Middleton Greenway | $1,220 |
| Hill Farms - University | $1,220 |
| Highlands - Appalachian | $1,220 |
| Glen Oak Hills | $1,220 |
| Faircrest | $1,220 |
| Lake Edge | $1,222 |
| Glendale | $1,222 |
| Elvehjem | $1,222 |
| Token Creek Park | $1,248 |
| East Buckeye | $1,256 |
| Lost Creek | $1,262 |
| Richmond Hill | $1,270 |
| North - East Park | $1,270 |
| McClellan Park | $1,270 |
| Hawk's Landing | $1,298 |
| Marquette | $1,449 |
| Tenney - Lapham | $1,655 |
| Capitol | $1,655 |
| State - Langdon | $1,722 |
| South Campus | $1,964 |
| Monona Bay | $1,964 |
| Greenbush | $1,964 |
| Bay Creek | $1,964 |
The most affordable neighborhoods in Madison are Arbor Hills, where the average rent goes for $980/month, Bram's Addition, where renters pay $980/mo on average, and Broadway - Lakepoint, where the average rent goes for $980/mo. If you’re looking for other great deals, check out the listings from Burr Oaks ($980), Capitol View Heights ($980), and Indian Springs ($980), where the asking prices are below the average Madison rent of $1,272/mo.
The most expensive neighborhoods in Madison are Greenbush ($1,964), Monona Bay ($1,964) and South Campus ($1,964).
The most popular neighborhood in Madison is Capitol, where there are 16 verified RENTCafé listings with an average rent of $1,655. Next up is Marquette, where apartments go for $1,449/month, followed by Greenbush with $1,964 If you’re looking to rent in Madison’s most popular neighborhoods, make sure to also check out McClellan Park, where renters pay $1,270 on average, and Tenney - Lapham, where the average monthly rent is $1,655.
Madison | Rent Comparison by Neighborhood
Rent in Allied is 20% higher than in Arbor Hills
Allied rent is 8% lower than Madison average
| Average Rent | $1,172 |
|---|
Arbor Hills rent is 23% lower than Madison average
| Average Rent | $980 |
|---|
How Madison Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Madison | $1,272 | 3% |
| Milwaukee | $1,193 | 2% |
| Fitchburg | $1,087 | 4% |
| Sun Prairie | $1,134 | 4% |
| Middleton | $1,169 | 7% |
| Kenosha | $1,050 | 3% |
| Racine | $826 | 3% |
| Brookfield | $1,226 | n/a |
| Cross Plains | $912 | 6% |
| Monona | $1,007 | 3% |
| Verona | $1,298 | 3% |
For more information about the Madison rental trends, check out our monthly rent report
Check out Wisconsin Cities, Wisconsin Neighborhoods and Wisconsin Zip Codes for more details on verified listings, including the Wisconsin Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!