Average Rent in Madison, WI
8 apartment buildings, 351 units. Real asking prices, refreshed daily.
Avg Rent
$2,784/mo
Cheapest
$1,439/mo
Properties
8
Units
351
Madison, WI Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 8 properties in Madison, WI.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Madison, WI Rent Prices
All 8 properties ranked by lowest available rent.
Veritas Village, LLC
110 N Livingston St, Madison, WI 53703, USA
The Marling Apartments
1825 E Washington Ave, Madison, WI 53704, USA
The Flats at 402
402 W Wilson St, Madison, WI 53703, USA
Axton Madison
750 Regent St, Madison, WI 53715, USA
ONE 09
109 E Wilson St, Madison, WI 53703, USA
The Continental
408 E Washington Ave, Madison, WI 53703, USA
NoVo Apartments
216 S Pinckney St, Madison, WI 53703, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Veritas Village, LLC 110 N Livingston St, Madison, WI 53703, USA | $1,439 | $2,525 | $2.12 | 4.7 (51) | 19 |
| 2 | The Marling Apartments 1825 E Washington Ave, Madison, WI 53704, USA | $1,510 | $2,018 | $2.52 | 4.5 (49) | 48 |
| 3 | The Flats at 402 402 W Wilson St, Madison, WI 53703, USA | $1,653 | $1,653 | $1.91 | 3.1 (16) | 1 |
| 4 | Axton Madison 750 Regent St, Madison, WI 53715, USA | $1,725 | $1,955 | $4.25 | 4.5 (331) | 20 |
| 5 | ONE 09 109 E Wilson St, Madison, WI 53703, USA | $1,775 | $3,057 | $3.67 | 5 (15) | 231 |
| 6 | The Continental 408 E Washington Ave, Madison, WI 53703, USA | $1,925 | $2,722 | $3.65 | 5 (41) | 8 |
| 7 | NoVo Apartments 216 S Pinckney St, Madison, WI 53703, USA | $2,025 | $2,595 | $3.17 | 3.7 (15) | 22 |
Explore Each Property
Veritas Village, LLC
4.7 (51)110 N Livingston St, Madison, WI 53703, USA
The Marling Apartments
4.5 (49)1825 E Washington Ave, Madison, WI 53704, USA
The Flats at 402
3.1 (16)402 W Wilson St, Madison, WI 53703, USA
Axton Madison
4.5 (331)750 Regent St, Madison, WI 53715, USA
ONE 09
5 (15)109 E Wilson St, Madison, WI 53703, USA
The Continental
5 (41)408 E Washington Ave, Madison, WI 53703, USA
Madison, WI Average Rent Prices 2026
The average rent in Madison, WI is $2,784 per month, based on 351 units across 8 apartment communities. Prices range from $1,439 at Veritas Village, LLC to $2,995 at The Madison Mark.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,910/mo | $1,439/mo | 85 |
| 1 Bed | $2,542/mo | $1,649/mo | 154 |
| 2 Bed | $3,592/mo | $1,653/mo | 104 |
| 3 Bed | $6,217/mo | $3,089/mo | 8 |
Every price comes directly from each property's leasing system, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Madison, WI, and what they pay
Tracked one-bedroom rent in Madison, WI averages $2,542/mo, with two-bedroom units averaging $3,592/mo. At the local median household income of $76,983, that works out to 43% of gross income, a severely rent-burdened market by HUD standards.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Madison, WI at $1,364/mo. The current tracked market average runs 104% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Madison, WI while the tracked market average covers units currently listed in larger apartment communities.
Who employs renters in Madison
Demand in the Madison rental market is shaped by the metro's largest private and public employers. The following organizations anchor local hiring and influence what renters can pay:
- University of Wisconsin-Madison
- Epic Systems
- American Family Insurance
- UW Health
Mean one-way commute in Madison, WI is 19 minutes, per the Census ACS, useful context when weighing which properties sit inside reasonable reach of these employers.
What salary do I need to live comfortably in Madison, WI?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$111,000/year
Based on the 30 percent rule, using our tracked average rent of $2,784/mo.
Comfortable income
$134,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,439/mo), you need to earn at least $58,000/year.
Median household income in Madison, WI is $76,983 , about 42% below the comfortable-living threshold.
Cost of living in Madison, WI
Overall prices in Madison, WI runs below the national average by about 4% (BEA Regional Price Parity index 95.9, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Madison, WI's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,784 |
| Utilities | $413 |
| Groceries | $507 |
| Transportation | $983 |
| Healthcare | $480 |
| Other goods and services | $768 |
| Estimated total | $5,934/mo |
Population
275,568
Median household income
$76,983
Census median rent
$1,364/mo
Rent as % of income
29.5%
Median age
31.8
Mean commute
19 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in Wisconsin
How Madison, WI rent compares to other markets in the state.
| City | Avg Rent | vs Madison, WI | Properties |
|---|---|---|---|
| Kenosha, WI | $1,663 | -40% | 6 |
| Waukesha, WI | $1,551 | -44% | 5 |
Frequently asked questions
What is the average rent in Madison, WI?
The average rent in Madison, WI is $2,784 per month, based on 351 units across 8 apartment buildings tracked by Average Rent. Prices are updated every morning through our proprietary data sourcing.
What is the cheapest apartment rent in Madison, WI?
The lowest available rent in Madison, WI starts at $1,439 per month. Availability changes daily as leasing data is refreshed each morning.
How much is a 1-bedroom apartment in Madison, WI?
1-bedroom apartments in Madison, WI average $2,542/mo. The lowest listed 1-bedroom starts at $1,649/mo across 154 units tracked.
How much is a 2-bedroom apartment in Madison, WI?
2-bedroom apartments in Madison, WI average $3,592/mo. Units start from $1,653/mo across 104 units currently listed.
Rent Trends in Madison, WI
Track how apartment prices are changing over time.
Missing your neighborhood?
Tell us where you're looking. We'll start tracking prices within 24 hours.
Get Started