Madison, WI Rental Market Trends
Highlights
The average rent for an apartment in Madison is $1,208, a 3% increase compared to the previous year, when the average rent was $1,176.
Average Rent in Madison, WI
Last updated Mar 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,208 | 3% | 848 sq. ft. |
The average size for a Madison, WI apartment is 848 square feet, but this number varies greatly depending on apartment type. 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-$7003%
- $701-$1,00042%
- $1,001-$1,50039%
- $1,501-$2,00010%
- > $2,0007%
Madison, WI Rent Trends
| Average Rent | Jan / 2016 | May / 2016 | Sept / 2016 | Jan / 2017 | May / 2017 | Sept / 2017 | Jan / 2018 | May / 2018 | Mar / 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Madison, WI | $1,148 | $1,156 | $1,157 | $1,175 | $1,186 | $1,176 | $1,193 | $1,193 | $1,208 |
| National | $1,290 | $1,319 | $1,334 | $1,329 | $1,354 | $1,366 | $1,366 | $1,381 | $1,396 |
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Average Rent in Madison, WI By Neighborhood
| Average Rent | |||||
|---|---|---|---|---|---|
| Neighborhood | Average Rent | ||||
| Waunona | $935 | ||||
| Leopold | $935 | ||||
| Indian Springs | $935 | ||||
| Capitol View Heights | $935 | ||||
| Burr Oaks | $935 | ||||
| Broadway - Lakepoint | $935 | ||||
| Bram's Addition | $935 | ||||
| Arbor Hills | $935 | ||||
| Rolling Meadows | $951 | ||||
| Heritage Heights | $951 | ||||
| Eastmorland | $951 | ||||
| Monona | $961 | ||||
| Nakoma League | $1,006 | ||||
| Highland Manor | $1,006 | ||||
| Dunn's Marsh | $1,006 | ||||
| Worthington Park | $1,016 | ||||
| Starkweather - Yahara | $1,016 | ||||
| Mayfair Park | $1,016 | ||||
| Hiestand | $1,016 | ||||
| Hawthorne | $1,016 | ||||
| Burke Heights | $1,016 | ||||
| Kennedy Heights | $1,037 | ||||
| Cherokee Park | $1,037 | ||||
| Cherokee Marsh | $1,039 | ||||
| Whitetail Ridge | $1,041 | ||||
| Westchester Gardens - Norman Acres | $1,041 | ||||
| Sherman Terrace | $1,041 | ||||
| Sherman | $1,041 | ||||
| Sheridan Triangle - Maple Wood | $1,041 | ||||
| Schenk - Atwood | $1,041 | ||||
| Ridgewood | $1,041 | ||||
| North Lake Mendota | $1,041 | ||||
| Mendota Hills | $1,041 | ||||
| Lake View Hill | $1,041 | ||||
| Emerson East | $1,041 | ||||
| Eken Park | $1,041 | ||||
| Cherokee Garden | $1,041 | ||||
| Carpenter - Ridgeway | $1,041 | ||||
| Brentwood Village | $1,041 | ||||
| Berkley Oaks - Majestic Oaks | $1,041 | ||||
| Wexford Village | $1,057 | ||||
| Walnut Grove | $1,057 | ||||
| Oakbridge | $1,057 | ||||
| Junction Ridge | $1,057 | ||||
| Tamarack Trails - Wexford Ridge | $1,077 | ||||
| Maple - Prairie | $1,086 | ||||
| High Point Estates | $1,086 | ||||
| Country Grove | $1,086 | ||||
| Westhaven Trails | $1,099 | ||||
| Blackhawk | $1,102 | ||||
| Stone Meadows | $1,116 | ||||
| Newberry Heights | $1,116 | ||||
| Glacier Ridge | $1,116 | ||||
| Oakwood Village | $1,117 | ||||
| Westmorland | $1,119 | ||||
| Vilas | $1,119 | ||||
| Summit Woods | $1,119 | ||||
| Prairie Hills | $1,119 | ||||
| Orchard Ridge Club | $1,119 | ||||
| Midvale Heights | $1,119 | ||||
| Meadowood | $1,119 | ||||
| Greentree | $1,119 | ||||
| Dudgeon - Monroe | $1,119 | ||||
| Allied | $1,119 | ||||
| Woodlands - Saukborough | $1,122 | ||||
| Parkwood Hills | $1,122 | ||||
| Sprecher East | $1,139 | ||||
| High Crossing | $1,139 | ||||
| Regent | $1,142 | ||||
| University | $1,163 | ||||
| Lake Edge | $1,165 | ||||
| Glendale | $1,165 | ||||
| Elvehjem | $1,165 | ||||
| Sunset Village | $1,174 | ||||
| Spring Harbor | $1,174 | ||||
| Radio Park | $1,174 | ||||
| Old Middleton Greenway | $1,174 | ||||
| Hill Farms - University | $1,174 | ||||
| Highlands - Appalachian | $1,174 | ||||
| Glen Oak Hills | $1,174 | ||||
| Faircrest | $1,174 | ||||
| East Buckeye | $1,222 | ||||
| Token Creek Park | $1,223 | ||||
| Hawk's Landing | $1,236 | ||||
| Lost Creek | $1,241 | ||||
| Richmond Hill | $1,247 | ||||
| North - East Park | $1,247 | ||||
| McClellan Park | $1,247 | ||||
| Marquette | $1,401 | ||||
| Tenney - Lapham | $1,606 | ||||
| Capitol | $1,606 | ||||
| State - Langdon | $1,676 | ||||
| South Campus | $1,928 | ||||
| Monona Bay | $1,928 | ||||
| Greenbush | $1,928 | ||||
| Bay Creek | $1,928 | ||||
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The most affordable neighborhoods in Madison are Arbor Hills, where the average rent goes for $935/month, Bram's Addition, where renters pay $935/mo on average, and Broadway - Lakepoint, where the average rent goes for $935/mo. If you’re looking for other great deals, check out the listings from Burr Oaks ($935), Capitol View Heights ($935), and Indian Springs ($935), where the asking prices are below the average Madison rent of $1,208/mo.
The most expensive neighborhoods in Madison are Greenbush ($1,928), Monona Bay ($1,928) and South Campus ($1,928).
Madison | Rent Comparison by Neighborhood
Rent in Allied is 20% higher than in Arbor Hills
$1,119
Allied rent is 7% lower than Madison average
| Average Rent | $1,119 |
|---|
$935
Arbor Hills rent is 23% lower than Madison average
| Average Rent | $935 |
|---|
How Does Madison Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Middleton | $1,075 | 3% |
| Madison | $1,208 | 3% |
| Monona | $961 | 3% |
| Maple Bluff | $1,041 | 4% |
| Fitchburg | $1,033 | 3% |
| Sun Prairie | $1,077 | -2% |
| Cottage Grove | $1,077 | -2% |
| Verona | $1,236 | 3% |
| Cross Plains | $907 | 5% |
| Waunakee | $978 | 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 Apartments
- Schroeder Square Apartments
- Luann Place Apartments
- Cherry Tree Crossing
- Cedar Ridge
- Park Village Apartments
- Fitchburg Square Apartments
- Rivers Edge Madison
- The Meadows Apartments
- Sycamore Woods Apartment Homes
- Heather Downs
- Commercial Avenue
- 229 Lakelawn
- Fuller's Woods Apartments
- Glendale Gardens
- 152 E Johnson Street
- Lake Point Terrace
- Kensington Pointe
Mid-priced Listings on RENTCafé
- Waldorf Midtown
- Stockbridge Trails
- Lake Pointe Apartments
- Williamson, Jenifer, & S. Livingston
- The Landing on East Hill Parkway
- Cardinal Place
- Woodland Fields
- apollo 502
- Infinity
- The Current
- Latitude 43
- Barrington Place Apartments
- Fusion at 841
- Capitol Centre Court Apartments
- Vicinato
- Cross Hill Heights
- PARK TOWER
- Johnson House
- Jupiter Crossing
- The Tuscany on Pleasant View
Most Expensive Listings on RENTCafé
- Nichols Station Apartments
- Hercules Trail
- The Depot
- Yahara Landing Apartments
- Brookstone Townhomes
- Tree Lane Park Apartments
- Paragon Place at Bear Claw Way
- Lincoln School
- Sequoya Commons, LLC
- Door Creek Apartments
- The Marling
- Sunset Terrace
- Longfellow Lofts
- Longfellow Lofts Historic
- Longfellow Lofts Modern
- Copper Creek
- 823 E Johnson Street
- Orchard Court
- LaVille
- Park Regent Apartments
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.