Last updated
Average Rent in Madison WI & Rent Trends
Rent prices and market trends across 3 apartment communities in Madison WI. Updated daily.
Market Average
$2,288/mo
Lowest Available
$1,138/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
69
available now
Rent by Neighborhood in Madison WI
Compare average rent across Madison WI neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Tenney-Lapham | $2,543 | $1,138 | 2 | 27 |
| Sherman Village | $2,124 | $1,545 | 1 | 42 |
Is Rent Going Up or Down in Madison WI?
As of April 2026, the average rent in Madison WI is $2,288 per month across 3 apartment communities and 69 available units.
The most affordable option is The Flats at 402 starting at $1,138/mo. By unit type, a studio averages $1,609/mo, a 1-bedroom averages $1,816/mo, a 2-bedroom averages $2,553/mo, a 3-bedroom averages $3,330/mo.
Prices range from $1,138 to $3,959 per month. The most common price point is the $2,400 range, where 17 units are currently listed.
Madison WI Rent Price History
Collecting price history
Daily snapshots are being recorded. Trend charts will appear once we have enough data points.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Madison WI
Rent Prices by Apartment in Madison WI
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Flats at 402 | $1,138/mo | $1,389/mo | 4 | 3.1 |
| Veritas Village, LLC | $1,439/mo | $2,744/mo | 23 | 4.7 |
| The Marling Apartments | $1,545/mo | $2,124/mo | 42 | 4.5 |
Google Search Trends for Madison WI Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Madison WI
What is the average rent in Madison WI?
Is rent going up or down in Madison WI?
What is the cheapest apartment in Madison WI?
How much is a 1-bedroom apartment in Madison WI?
How many apartments are available in Madison WI?
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
$92,000/year
30 percent rule — using our average rent of $2,288/mo.
Comfortable income
$110,000/year
25 percent rule — leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,138/mo), you need to earn at least $46,000/year.
Cost of living in Madison WI
We only have live rent data for Madison WI so far — the full cost of living breakdown (utilities, groceries, transportation, healthcare) is coming soon.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,288 |
| Estimated total | $2,288/mo |
Methodology
† Rent data is 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 for utilities, groceries, transportation, healthcare, and other goods and services 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) 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 are refreshed annually.
Explore Madison WI Apartments
Browse all 3 communities with daily-updated pricing and availability.