Median rent for residential in as of Jul, 2022.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
86 Madison, WI, USA apartments for rent
Madison
Madison, WI has a population of 248,856, while the median age is 31. The household income in Madison, WI is around $59,387. The homeownership rate among the residents is 48%. The median residential property value in Madison, WI that you should keep in mind is $223,300.
| Population | 248,856 |
| Median Age | 31 |
| Poverty Rate | 18% |
| Household Income | $59,387 |
| Number Of Employees | 146,106 |
| Median Property Value | $223,300 |
Housing Trends
How much is an apartment in Madison, WI, USA
Average rent in Madison: $1,994 (-1.3%)
| Rent Price | Jul | vs Last Month |
|---|---|---|
| Studio rentals | $996 | N/A |
| 1 bed rentals | $1,190 | +63% |
| 2 bed rentals | $1,355 | -42.9% |
| 3 bed rentals | $2,743 | +37.9% |
| 4+ bed rentals | $4,173 | +41.7% |
Over the Jul 2022, the average rent for an apartment in/near Madison, WI decreased by 1.3% to $1,994.
Breaking it down in details, we now see that the average price for 1-bed apartment increased by 63% to $1,190. Pricing for 2-bed apartment also decreased by 42.9% and a place of this size will now cost you $1,355. 3-bed apartment rent pricing starts at $2,743, it increased by 37.9% lately. We tend to note the rise of 4- and more bed apartment pricing. It increased by 41.7% and made it up to $4,173.
| Rent Type Price | Jul | vs Last Month |
|---|---|---|
| Apartment rentals | $1,773 | -18.5% |
| Room rentals | $900 | +100% |
| House rentals | $1,967 | -7.4% |
| Duplex rentals | $2,442 | +74.4% |
| Condo rentals | $2,590 | +180% |
| Townhouse rentals | $3,400 | N/A |
The median rent for an apartment in Madison, WI decreased by 18.5% to $1,773. Statistics show that house rent price decreased by 7.4% this month making it up to $1,967. Condos faced an upward trend these days. The median rent for a condo increased by 180%, it’s now available for $2,590. You can now rent a duplex for $2,442, duplex rent price increased by 74.4% this month. An average room will now go for $900, the median rent price for a room increased by 100%. Townhouse rent pricing didn’t change, the price still starts at $3,400.