Median rent for residential apartments in as of May, 2021.
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.
60 Madison, WI, USA apartments for rent
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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 |
Business & Economy
Wage by Common Jobs
Average salary in Madison, WI: $46,643
- 1. Miscellaneous managers$87,715
- 2. Registered nurses$65,095
- 3. Firstline supervisors of retail sales workers$52,832
- 4. Elementary & middle school teachers$50,811
- 5. Driver/sales workers & truck drivers$47,693
Highest Paid Occupations
Numbers claim that the highest paid jobs in Madison, WI are Health Diagnosing & Treating Practitioners & Other Technical Occupations, Computer & Mathematical Occupations, Legal Occupations, Law Enforcement Workers Including Supervisors and Healthcare Practitioners & Technical Occupations.
Highest Paid Industries
Keeping in mind that the employment rate changed by 2% recently, there must be a strong understanding of industries people of Madison, WI work in. The highest paid industries are Utilities, Professional, Scientific, Technical Services, Public Administration, Information and Finance & Insurance.
Demographics
Race & Ethnicity
According to latest census, Madison, WI is a home for 79% white residents. The second common group is asian with 9% residents. The list of the most common racial or ethnic groups is closed by black with 7% residents.
Non-English Speakers
Education
Past year Madison, WI universities awarded around 446,600 degrees. Statistics show that the population of students in Madison, WI includes 223,300 female students and 223,300 male students. Madison, WI offers private and public tuition with a median cost of $20,750 for private four-year colleges and $12,321 for in-state public four-year colleges. The largest university of this city is the University of Wisconsin-Madison with the majority of graduates. The Madison Area Technical College and University of Wisconsin Colleges hold the second and the third place respectively. The share of the public colleges in Madison, WI is 91 and 9 go to the private colleges.
Universities
- 1. University of Wisconsin-Madison12,367 graduates
- 2. Madison Area Technical College3,196 graduates
- 3. University of Wisconsin Colleges1,504 graduates
Public vs Private
- Public9.4%
- Private90.6%
Health and Safety
Primary care physicians in Madison, WI see an average of 793 patients, dentists 1,476 patients, metal health providers 274 patients, and other healthcare providers 726 patients per year.
Transportation
Commute Time
Average travel time: 18.61 minutes
- USA
- Madison, WI
Commuter Transportation
Citizens of Madison, WI travel to their offices around 19 minutes lately and drove alone to get there. The rest of the residents walked and used public transit.
- USA
- Madison, WI
Housing Trends
Madison, WI 53704, USA Housing Trends
Average rent in Madison: $1,771 (+19.9%)
| Rent Price | May | vs Last Month |
|---|---|---|
| 1 bed apartments | $1,682 | +111.6% |
| 2 bed apartments | $1,950 | +31% |
| 3 bed apartments | $1,510 | N/A |
| 4+ bed apartments | $1,772 | N/A |
Over the May 2021, the average rent for an apartment in/near Madison, WI increased by 19.9% to $1,771.
Breaking it down in details, we now see that the average price for 1-bed apartment stands at $1,682 with no changes this month. Pricing for 2-bed apartment remains the same, a place of this size will still cost you $1,950. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for $1,510. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $1,772 for a big-family home.
| Rent Type Price | May | vs Last Month |
|---|---|---|
| Apartment rentals | $1,670 | +30.8% |
| House rentals | $1,446 | N/A |
| Duplex rentals | $2,400 | N/A |
| Condo rentals | $1,975 | N/A |
Looking at the median rent price for an apartment in Madison, WI, you can note that it remains flat with a price tag of $1,670. The median rent for a house is still $1,446 with no significant changes this month. Condo for rent is now available for the same pricing as previously — $1,975. An average duplex is now available for $2,400, cause median rent for a duplex remains the same this month.
Rent vs Own
- Rent48%
- Own52%
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