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
$1,883/mo
Lowest Available
$1,089/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
19
available now
Price Cuts This Week in Madison, WI
9 listed units across 2 buildings offering 4 bed units in Madison, WI dropped their asking rent in the past 7 days, an average cut of $211/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Hub On Campus Madison | Unit 24 | $1,719 | $1,089 | $630 |
| Hub On Campus Madison | Unit 22 | $1,699 | $1,405 | $294 |
| The Rive Madison | Unit 2 | $1,649 | $1,369 | $280 |
| The Rive Madison | Unit 1 | $1,840 | $1,649 | $191 |
| Hub On Campus Madison | Unit 23 | $1,655 | $1,469 | $186 |
| Hub On Campus Madison | Unit 21 | $1,599 | $1,449 | $150 |
| The Rive Madison | Unit 7 | $1,519 | $1,444 | $75 |
| The Rive Madison | Unit 3 | $1,369 | $1,299 | $70 |
Rent by Neighborhood in Madison, WI
Compare average rent across Madison, WI neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Tenney-Lapham | $2,570 | ▼ $392 | $795 | 16 | 452 |
| Sherman Village | $1,968 | ▼ $179 | $1,455 | 2 | 44 |
| Madison 53713 | $1,579 | - | $1,195 | 1 | 18 |
Is Rent Going Up or Down in Madison, WI?
As of July 2026, the average rent in Madison, WI is $1,883 per month across 3 apartment communities and 19 available units.
The most affordable option is Hub On Campus Madison starting at $1,089/mo. By unit type, a 4-bedroom averages $1,883/mo.
Prices range from $1,089 to $3,200 per month. The most common price point is the $1,400 range, where 7 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Madison, WI
Rent Prices by Apartment in Madison, WI
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Hub On Campus Madison | $1,089/mo | $1,350/mo | 5 | 4 |
| The Rive Madison | $1,299/mo | $1,421/mo | 7 | 4.9 |
| Lofgren Properties | $2,400/mo | $2,727/mo | 7 | 4 |
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 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
$75,000/year
Based on the 30 percent rule, using our tracked average rent of $1,883/mo.
Comfortable income
$90,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,089/mo), you need to earn at least $44,000/year.
Median household income in Madison, WI is $76,983 , about 15% 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) | $1,883 |
| Utilities | $413 |
| Groceries | $507 |
| Transportation | $983 |
| Healthcare | $480 |
| Other goods and services | $768 |
| Estimated total | $5,033/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.
Google Search Trends for Madison, WI Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Madison, WI Apartments
Browse all 3 communities with daily-updated pricing and availability.