Madison, WI Rental Market Trends
Highlights
The average rent for an apartment in Madison is $1,176, a 2% increase compared to the previous year, when the average rent was $1,157.
Studio apartments in Madison rent for $817 a month, while 1-bedroom apartments ask on average $999 a month; the average rent for a 2-bedroom apartment is $1,232.
Average Rent in Madison, WI
Last updated Apr 2018
| All rentals | Studio | 1 Bed | 2 Beds | 3 Beds | |
|---|---|---|---|---|---|
| Average Rent | $1,176 | $817 | $999 | $1,232 | $1,804 |
| Y-o-Y Change | 2% | 1% | 2% | 2% | 0% |
| Average Apartment Size | 847 sq. ft. | 499 sq. ft. | 703 sq. ft. | 981 sq. ft. | 1,273 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 981 sq. ft.
Madison, WI Apartment Rent Ranges
- $501-$7004%
- $701-$1,00044%
- $1,001-$1,50038%
- $1,501-$2,0009%
- > $2,0006%
Madison, WI Rent Trends
| Average Rent All rentals | Studio | 1 Bed | 2 Beds | 3 Beds | |
|---|---|---|---|---|---|
| Apr / 2018 | $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 |
| Jan / 2015 | $1,040 | $753 | $925 | $1,115 | $1,480 |
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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 | $908 | $721 | $816 | $975 | $1,275 |
| Leopold | $908 | $721 | $816 | $975 | $1,275 |
| Indian Springs | $908 | $721 | $816 | $975 | $1,275 |
| Capitol View Heights | $908 | $721 | $816 | $975 | $1,275 |
| Burr Oaks | $908 | $721 | $816 | $975 | $1,275 |
| Broadway - Lakepoint | $908 | $721 | $816 | $975 | $1,275 |
| Bram's Addition | $908 | $721 | $816 | $975 | $1,275 |
| Arbor Hills | $908 | $721 | $816 | $975 | $1,275 |
| Monona | $935 | $728 | $827 | $1,004 | $1,356 |
| Rolling Meadows | $936 | $940 | $816 | $1,002 | $951 |
| Heritage Heights | $936 | $940 | $816 | $1,002 | $951 |
| Eastmorland | $936 | $940 | $816 | $1,002 | $951 |
| Nakoma League | $970 | $738 | $849 | $1,071 | $1,351 |
| Highland Manor | $970 | $738 | $849 | $1,071 | $1,351 |
| Dunn's Marsh | $970 | $738 | $849 | $1,071 | $1,351 |
| Worthington Park | $983 | $761 | $874 | $1,039 | $1,236 |
| Starkweather - Yahara | $983 | $761 | $874 | $1,039 | $1,236 |
| Mayfair Park | $983 | $761 | $874 | $1,039 | $1,236 |
| Hiestand | $983 | $761 | $874 | $1,039 | $1,236 |
| Hawthorne | $983 | $761 | $874 | $1,039 | $1,236 |
| Burke Heights | $983 | $761 | $874 | $1,039 | $1,236 |
| Kennedy Heights | $999 | $753 | $895 | $1,058 | $1,301 |
| Cherokee Park | $999 | $753 | $895 | $1,058 | $1,301 |
| Whitetail Ridge | $1,002 | $755 | $895 | $1,057 | $1,301 |
| Westchester Gardens - Norman Acres | $1,002 | $755 | $895 | $1,057 | $1,301 |
| Sherman Terrace | $1,002 | $755 | $895 | $1,057 | $1,301 |
| Sherman | $1,002 | $755 | $895 | $1,057 | $1,301 |
| Sheridan Triangle - Maple Wood | $1,002 | $755 | $895 | $1,057 | $1,301 |
| Schenk - Atwood | $1,002 | $755 | $895 | $1,057 | $1,301 |
| Ridgewood | $1,002 | $755 | $895 | $1,057 | $1,301 |
| North Lake Mendota | $1,002 | $755 | $895 | $1,057 | $1,301 |
| Mendota Hills | $1,002 | $755 | $895 | $1,057 | $1,301 |
| Lake View Hill | $1,002 | $755 | $895 | $1,057 | $1,301 |
| Emerson East | $1,002 | $755 | $895 | $1,057 | $1,301 |
| Eken Park | $1,002 | $755 | $895 | $1,057 | $1,301 |
| Cherokee Garden | $1,002 | $755 | $895 | $1,057 | $1,301 |
| Carpenter - Ridgeway | $1,002 | $755 | $895 | $1,057 | $1,301 |
| Brentwood Village | $1,002 | $755 | $895 | $1,057 | $1,301 |
| Berkley Oaks - Majestic Oaks | $1,002 | $755 | $895 | $1,057 | $1,301 |
| Cherokee Marsh | $1,004 | $755 | $897 | $1,065 | $1,301 |
| Wexford Village | $1,047 | $792 | $939 | $1,163 | $1,708 |
| Walnut Grove | $1,047 | $792 | $939 | $1,163 | $1,708 |
| Oakbridge | $1,047 | $792 | $939 | $1,163 | $1,708 |
| Junction Ridge | $1,047 | $792 | $939 | $1,163 | $1,708 |
| Tamarack Trails - Wexford Ridge | $1,064 | $827 | $963 | $1,182 | $1,265 |
| Maple - Prairie | $1,072 | $830 | $976 | $1,191 | $1,220 |
| High Point Estates | $1,072 | $830 | $976 | $1,191 | $1,220 |
| Country Grove | $1,072 | $830 | $976 | $1,191 | $1,220 |
| Blackhawk | $1,074 | $851 | $983 | $1,200 | $1,230 |
| Westhaven Trails | $1,074 | $791 | $954 | $1,211 | $1,305 |
| Westmorland | $1,078 | $744 | $916 | $1,244 | $1,525 |
| Vilas | $1,078 | $744 | $916 | $1,244 | $1,525 |
| Summit Woods | $1,078 | $744 | $916 | $1,244 | $1,525 |
| Prairie Hills | $1,078 | $744 | $916 | $1,244 | $1,525 |
| Orchard Ridge Club | $1,078 | $744 | $916 | $1,244 | $1,525 |
| Midvale Heights | $1,078 | $744 | $916 | $1,244 | $1,525 |
| Meadowood | $1,078 | $744 | $916 | $1,244 | $1,525 |
| Greentree | $1,078 | $744 | $916 | $1,244 | $1,525 |
| Dudgeon - Monroe | $1,078 | $744 | $916 | $1,244 | $1,525 |
| Allied | $1,078 | $744 | $916 | $1,244 | $1,525 |
| Stone Meadows | $1,096 | $842 | $1,004 | $1,226 | $1,254 |
| Newberry Heights | $1,096 | $842 | $1,004 | $1,226 | $1,254 |
| Glacier Ridge | $1,096 | $842 | $1,004 | $1,226 | $1,254 |
| Oakwood Village | $1,100 | $824 | $998 | $1,223 | $1,352 |
| Woodlands - Saukborough | $1,104 | $810 | $989 | $1,227 | $1,574 |
| Parkwood Hills | $1,104 | $810 | $989 | $1,227 | $1,574 |
| Regent | $1,115 | $769 | $979 | $1,273 | $1,580 |
| Sprecher East | $1,145 | $876 | $1,045 | $1,254 | $1,402 |
| High Crossing | $1,145 | $876 | $1,045 | $1,254 | $1,402 |
| University | $1,146 | $787 | $1,030 | $1,303 | $1,602 |
| Sunset Village | $1,151 | $813 | $1,035 | $1,284 | $1,553 |
| Spring Harbor | $1,151 | $813 | $1,035 | $1,284 | $1,553 |
| Radio Park | $1,151 | $813 | $1,035 | $1,284 | $1,553 |
| Old Middleton Greenway | $1,151 | $813 | $1,035 | $1,284 | $1,553 |
| Hill Farms - University | $1,151 | $813 | $1,035 | $1,284 | $1,553 |
| Highlands - Appalachian | $1,151 | $813 | $1,035 | $1,284 | $1,553 |
| Glen Oak Hills | $1,151 | $813 | $1,035 | $1,284 | $1,553 |
| Faircrest | $1,151 | $813 | $1,035 | $1,284 | $1,553 |
| Lake Edge | $1,152 | $902 | $968 | $1,177 | $1,676 |
| Glendale | $1,152 | $902 | $968 | $1,177 | $1,676 |
| Elvehjem | $1,152 | $902 | $968 | $1,177 | $1,676 |
| Hawk's Landing | $1,198 | $877 | $1,107 | $1,412 | $1,926 |
| East Buckeye | $1,206 | $950 | $1,070 | $1,287 | $1,638 |
| Token Creek Park | $1,211 | $920 | $1,080 | $1,355 | $1,617 |
| Lost Creek | $1,222 | $952 | $1,090 | $1,351 | $1,617 |
| Richmond Hill | $1,229 | $952 | $1,098 | $1,357 | $1,617 |
| North - East Park | $1,229 | $952 | $1,098 | $1,357 | $1,617 |
| McClellan Park | $1,229 | $952 | $1,098 | $1,357 | $1,617 |
| Marquette | $1,356 | $822 | $1,135 | $1,386 | $2,028 |
| Tenney - Lapham | $1,559 | $833 | $1,272 | $1,717 | $2,499 |
| Capitol | $1,559 | $833 | $1,272 | $1,717 | $2,499 |
| State - Langdon | $1,622 | $849 | $1,268 | $1,731 | $2,491 |
| South Campus | $1,841 | $1,041 | $1,253 | $1,770 | $2,477 |
| Monona Bay | $1,841 | $1,041 | $1,253 | $1,770 | $2,477 |
| Greenbush | $1,841 | $1,041 | $1,253 | $1,770 | $2,477 |
| Bay Creek | $1,841 | $1,041 | $1,253 | $1,770 | $2,477 |
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The most affordable neighborhoods in Madison are Arbor Hills, where the average rent goes for $908/month, Bram's Addition, where renters pay $908/mo on average, and Broadway - Lakepoint, where the average rent goes for $908/mo. If you’re looking for other great deals, check out the listings from Burr Oaks ($908), Capitol View Heights ($908), and Indian Springs ($908), where the asking prices are below the average Madison rent of $1,176/mo.
The most expensive neighborhoods in Madison are Greenbush ($1,841), Monona Bay ($1,841) and South Campus ($1,841).
Madison | Rent Comparison by Neighborhood
Rent in Allied is 19% higher than in Arbor Hills
$1,078
Allied rent is 8% lower than Madison average
| All rentals | $1,078 |
|---|---|
| Studio | $744 |
| 1 Bed | $916 |
| 2 Beds | $1,244 |
| 3 Beds | $1,525 |
$908
Arbor Hills rent is 23% lower than Madison average
| All rentals | $908 |
|---|---|
| Studio | $721 |
| 1 Bed | $816 |
| 2 Beds | $975 |
| 3 Beds | $1,275 |
How Does Madison Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Madison | $1,176 | 2% |
| Fitchburg | $1,005 | 3% |
| Sun Prairie | $1,100 | 2% |
| Middleton | $1,044 | 0% |
| Verona | $1,198 | 3% |
| Monona | $935 | 3% |
| Oregon | $878 | 2% |
| Cross Plains | $861 | 2% |
| Waunakee | $956 | -2% |
| Cottage Grove | $1,094 | 2% |
For more information about the Madison rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
- PH Apartments
- Valley View Apartments
- Langdon Hall
- Schroeder Square Apartments
- Cedar Ridge
- Heather Ridge
- Luann Place Apartments
- Park Village Apartments
- Fitchburg Square Apartments
- BRIARWOOD
- Commercial Avenue
- The Meadows Apartments
- The Villages
- PARK TOWER
- Kensington Pointe
- Jupiter Crossing
- Waldorf Midtown
- Fuller's Woods Apartments
- Brighton Square
- Cambridge Place
Mid-priced Listings on RENTCafé
- Lake Point Terrace
- Cardinal Place
- Hawks Ridge
- Prairie Ridge
- Stockbridge Trails
- 746 Jenifer Street
- Hercules Trail
- Capitol Centre Court Apartments
- Vicinato
- Infinity
- Latitude 43
- Barrington Place Apartments
- Lake Edge
- The View
- The Madison Apartments
- Woodland Fields
- 2827 Cimarron
- Brookstone Townhomes
- Tree Lane Park Apartments
- Paragon Place at Bear Claw Way
Most Expensive Listings on RENTCafé
- Fusion at 841
- Grand Arbor Reserve
- LaCiel
- E. Johnson Street
- Jenifer Street 3
- Door Creek Apartments
- Park Regent Apartments
- Johnson House
- The Landing on East Hill Parkway
- NICHOLS STATION 1
- Jenifer Street
- State Street
- 1110 Erin Street
- Lumen House
- W. Dayton Street 1
- N. Bassett Street
- Campus Area Houses (HCP Corp)
- Orchard Court
- Brooks Towne
- 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.