Madison, WI Rental Market Trends
What is the average rent in Madison?
The average rent for an apartment in Madison is $1,622. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Madison, WI
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $1,622 | 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
63,849 or 53% of the households in Madison, WI are renter-occupied while 56,660 or 47% are owner-occupied.
Madison, WI rent trends
Average Rent in Madison, WI By Neighborhood
| City | Average Rent |
|---|---|
| Richmond Hill | $1,581 |
| Lost Creek | $1,574 |
| East Buckeye | $1,555 |
| Greentree | $1,496 |
| Orchard Ridge Club | $1,496 |
| High Crossing | $1,494 |
| Glacier Ridge | $1,461 |
| Newberry Heights | $1,461 |
| High Point Estates | $1,422 |
| Cherokee Marsh | $1,409 |
| Berkley Oaks - Majestic Oaks | $1,396 |
| Carpenter - Ridgeway | $1,396 |
| Whitetail Ridge | $1,396 |
| Burke Heights | $1,382 |
| Hawthorne | $1,382 |
| Mayfair Park | $1,382 |
| Eastmorland | $1,343 |
| Rolling Meadows | $1,343 |
| Monona | $1,339 |
| Arbor Hills | $1,324 |
| Bram's Addition | $1,324 |
| Indian Springs | $1,324 |
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What are the most affordable neighborhoods in Madison?
The most affordable neighborhoods in Madison are Arbor Hills, where the average rent goes for $1,324/month, Bram's Addition, where renters pay $1,324/mo on average, and Indian Springs, where the average rent goes for $1,324/mo. If you’re looking for other great deals, check out the listings from Monona ($1,339), Eastmorland ($1,343), and Rolling Meadows ($1,343), where the asking prices are below the average Madison rent of $1,622/mo.
What are the most expensive neighborhoods in Madison?
The most expensive neighborhoods in Madison are East Buckeye ($1,555), Lost Creek ($1,574) and Richmond Hill ($1,581).
What are the most popular neighborhoods in Madison?
The most popular neighborhood in Madison is Arbor Hills, where there are 5 listings with an average rent of $1,324. Next up is Berkley Oaks - Majestic Oaks, where apartments go for $1,396/month, followed by Bram's Addition with $1,324 If you’re looking to rent in Madison’s most popular neighborhoods, make sure to also check out Burke Heights, where renters pay $1,382 on average, and Carpenter - Ridgeway, where the average monthly rent is $1,396.
Madison | Rent Comparison by Neighborhood
Rent in Arbor Hills is 5% lower than in Berkley Oaks - Majestic Oaks
$1,324
Arbor Hills rent is 18% lower than Madison average
Average Rent
$1,324
$1,396
Berkley Oaks - Majestic Oaks rent is 14% lower than Madison average
Average Rent
$1,396
How Madison Compares to Other Cities
| State | Average Rent |
|---|---|
| Madison | $1,622 |
| Milwaukee | $1,402 |
| Wisconsin Dells | $1,284 |
| Fitchburg | $1,399 |
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 $114.61. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.