Average Rent in Madison, IN

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Current Versus Historical Madison, IN Rents

Madison rentals average $747 for a 1-bedroom. The median price of all currently available listings is $747.

For the apartment units and housing in June 2026, median rents have fallen substantially over the last year. Studio rentals prices have increased by $0 (0.00%) year-over-year from $7,500 to $7,500. 1-bedroom rentals prices have decreased by $397 (-34.70%) year-over-year from $1,144 to $747. 2-bedroom rentals prices have increased by $42 (2.67%) year-over-year from $1,558 to $1,600. 3-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $750 to $750. 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 0.00% this month. 1-bedroom rents have gone down by 11.28% this month. 2-bedroom rents have gone down by 0.00% this month. 3-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Jun 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	N/A	$747	$1,144 (-34.70%)	$747 (0%)

Historical Rents in Madison, IN

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Madison

City	Studio	1 Bed	2 Bed	All

Top Neighborhoods Near Madison

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Madison

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Madison

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Madison Average Rents

What is the average rent price in Madison, IN?

The average monthly rental price for Madison, IN apartments for rent is approximately $747. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Madison, IN 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, IN.

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

The average monthly rental price for one bedroom apartments is $747. There are a total of 1 one bedroom apartment listings currently available for rent in Madison.

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

Rent prices for rentals in Madison, IN can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by -0.35%, two bedroom rental prices have changed by 0.03%, three bedroom rental prices have changed by 0.00% year-over-year.

What is a reasonable rent price in Madison, IN?

A reasonable rent price in Madison, IN is around $598/month. You can search for these reasonably priced rental listings on RentHop.