Median rent for residential apartments in as of Jun, 2020.
Be informed, make custom offers based only on median rent prices. But keep in mind, that price depends on size/amenities of the apartment.
104 Madison, WI, USA apartments for rent
Madison
Madison, WI has a population of 246,034, including 78% white, 9% asian, and 6% black.
| Population | 246,034 |
| Median Age | 30.8 |
| Poverty Rate | 18% |
| Median Income (Household) | $56,464 |
| Number Of Employees | 140,526 |
| Median Property Value | $217,000 |
City Overview
The median household income in Madison, WI is around $56,464, while the median age is 30.8. This city is a home to major universities: University of Wisconsin-Madison, Doctoral Universities: Highest Research Activity, and Doctoral Universities. 140,526 employees work in Madison, WI. The homeownership rate among the residents is 47.65%. The median property value that you should keep in mind is $217,000.
Business & Economy
Wage by Common Jobs
Average salary: $35,231
- 1. Elementary & middle school teachers$49,894
- 2. Retail salespersons$38,597
- 3. Secretaries & administrative assistants$37,357
- 4. Nursing, psychiatric, & home health aides$28,744
- 5. Cashiers$21,562
Employment by Occupations
Numbers claim that the employment rate in Madison, WI changed by 3%, so let’s see what are the most common job groups in this area. People of Madison, WI prefer to work in Administrative, Management and Education, Training, & Library.
Employment by Industries
Keeping in mind that the employment rate changed by 3% recently, there must be a strong understanding of industries people of Madison, WI work in. The most common industries are Educational Services, Healthcare & Social Assistance and Professional, Scientific, Tech Services. Please note that not all the residents of Madison, WI work in the area and may be employed outside of the city. Our data is tagged to their residential address, not the work address.
Demographics
Race & Ethnicity
According to latest census, Madison, WI is a home for 78% 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 6% residents.
Non-English Speakers
Education
Past year Madison, WI universities awarded around 50,918 degrees. Statistics show that the population of students in Madison, WI include 8,733 male students and 11,084 female students. Madison, WI offers private and public tuition with a median cost of $27,530 for private four-year colleges and $0 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 78.9% and 21.1% go to the private colleges.
Universities
- 1. University of Wisconsin-Madison12,406 graduates
- 2. Madison Area Technical College3,617 graduates
- 3. University of Wisconsin Colleges1,730 graduates
Public vs Private
- Public21.1%
- Private78.9%
Health and Safety
The age groups that most likely have the health care coverage in Madison, WI are 25-34 years old for men and 25-34 years old for women. Madison, WI offers a 126 primary care clinician to 1 patient ratio. Data records state that dentists ratio is 67 to 1, speaking of mental health doctors ratio, it’s 347 to 1 resident.
Clinician to Patient Ratios
| Primary Care | 1 to 126 |
| Dentists | 1 to 67 |
| Mental Health | 1 to 347 |
| Other | 1 to 125 |
Transportation
Commute Time
Average travel time: 18.44 minutes
- USA
- Madison, WI
Commuter Transportation
The workers of Madison, WI traveled to their offices around 18.44 minutes lately and drove alone to get there. The rest of the residents used public transit and took a bus.
- USA
- Madison, WI
Housing Trends
Madison, WI, USA Housing Trends
Average rent in Madison: $1,357 (+2.9%)
| Rent Price | Jun | vs Last Month |
|---|---|---|
| 1 bed apartments | $1,147 | +45.5% |
| 2 bed apartments | $1,559 | +23.9% |
| 3 bed apartments | $1,194 | -8.6% |
| 4+ bed apartments | $1,179 | -38.6% |
Over the Jun 2020, the average rent for an apartment in/near Madison, WI increased by 2.9% to $1,357.
Breaking it down in details, we now see that the average price for 1-bed apartment increased by 45.5% to $1,147. Pricing for 2-bed apartment also increased by 23.9% and a place of this size will now cost you $1,559. 3-bed apartment rent pricing starts at $1,194, it decreased by 8.6% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 38.6% and made it down to $1,179.
| Rent Type Price | Jun | vs Last Month |
|---|---|---|
| Apartment rentals | $1,383 | -7.8% |
| House rentals | $1,337 | +6.2% |
| Townhouse rentals | $1,271 | N/A |
| Room rentals | $720 | +36% |
The median rent for an apartment in Madison, WI decreased by 7.8% to $1,383. Statistics show that house rent price increased by 6.2% this month making it up to $1,337. An average room will now go for $720, the median rent price for a room increased by 36%. Townhouse rent pricing didn’t change, the price still starts at $1,271.
Rent vs Own
- Rent48%
- Own52%
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