Average Rent in Madison, AL

Current Versus Historical Madison, AL Rents

Madison rentals average $975 for a 1-bedroom rental to $2,550 for a 4-bedroom rental. The median price of all currently available listings is $1,845, or roughly $1 per square feet.

For the apartment units and housing in May 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $325 (-26.00%) year-over-year from $1,250 to $925. 1-bedroom rentals prices have decreased by $487 (-32.84%) year-over-year from $1,482 to $995. 2-bedroom rentals prices have decreased by $4 (-0.35%) year-over-year from $1,149 to $1,145. 3-bedroom rentals prices have decreased by $145 (-7.46%) year-over-year from $1,945 to $1,800. 4-bedroom rentals prices have increased by $53 (2.23%) year-over-year from $2,397 to $2,450. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 42.78% this month. 1-bedroom rents have gone down by 23.53% this month. 2-bedroom rents have gone up by 2.72% this month. 3-bedroom rents have gone up by 0.09% this month. 4-bedroom rents have gone up by 2.83% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$1.13	$995	$1,482 (-32.84%)	$1,426 (-30.24%)
2 BR	$1.17	$1,145	$1,149 (-0.35%)	$1,362 (-15.91%)
3 BR	$1.09	$1,800	$1,945 (-7.46%)	$1,642 (9.66%)
4+ BR	$0.96	$2,450	$2,397 (2.23%)	$1,933 (26.72%)

Historical Rents in Madison, AL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Madison

There are a total of 1 cities nearby Madison. The average rent in Madison is currently $1,650 per month. Only one city nearby has an average rent lower than that. Our records show that Huntsville, AL, with an average rent of $1,650, is the most affordable city nearby. In contrast, the most expensive city near Madison, AL is Huntsville, AL. Monthly rents here are on average $1,650 per month.

Let's compare Madison, AL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Madison, AL is inf% more affordable than other cities nearby. One bedrooms are about 12.82% more expensive. Two bedrooms in Madison, AL are about 2.27% more expensive. Finally, rent for three bedrooms are about 5.15% more expensive. Want more information? Check out the top 1 cities near Madison, AL in the following chart.

City	Studio	1 Bed	2 Bed	All
Huntsville, AL	$823	$850	$1,075	$1,650

Top Neighborhoods Near Madison

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Madison

The average rent for rentals in these counties is $1,745. That's roughly around $1 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Madison, AL. It's average rent per month is $1,745. Vice versa, with an average rent of $1,745, Madison, AL is the most expensive county by Madison, AL.

Typically, rent for studios in Madison, AL is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Madison, AL is 12.82% more expensive than other counties nearby. Finally, rent for two bedrooms in Madison, AL is 0.09% more expensive than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Madison, AL	$823	$850	$1,099	$1,745

Top Zipcodes Near Madison

There are a total of 2 zipcodes in or near Madison, AL. The average rent for all of these zipcodes is $1,781.

The following chart includes the top 2 zipcodes in Madison, AL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
35756, Limestone County, AL	N/A	N/A	$1,495	$1,925
35801, Huntsville, AL	N/A	$883	$1,491	$1,638

Frequently Asked Questions - Madison Average Rents

What is the average rent price in Madison, AL?

The average monthly rental price for Madison, AL apartments for rent is approximately $1,845. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Madison, AL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Madison, AL.

How much is a studio apartment in Madison, AL?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Madison.

How much is a one bedroom apartment in Madison, AL?

The average monthly rental price for one bedroom apartments is $975 and an average price per square feet of $1.13. There are a total of 3 one bedroom apartment listings currently available for rent in Madison.

How much is a two bedroom apartment in Madison, AL?

The average monthly rental price for two bedroom apartments is $1,100 and an average price per square feet of $1.17. There are a total of 13 two bedroom apartment listings currently available for rent in Madison.

How have rent prices in Madison, AL changed this year?

Rent prices for rentals in Madison, AL can fluctuate yearly. Specifically, studio rental prices have changed by -0.26%, one bedroom rental prices have changed by -0.33%, two bedroom rental prices have changed by 0.00%, and three bedroom rental prices have changed by -0.07% year-over-year.

What is a reasonable rent price in Madison, AL?

A reasonable rent price in Madison, AL is around $1,476/month. You can search for these reasonably priced rental listings on RentHop.