Average Rent in Madison, WI

Madison rentals average $0 for a studio rental to $3,450 for a 4-bedroom rental. The median price of all currently available listings is $1,918, or roughly $2 per square feet.

For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $61,246 (5,232.42%) year-over-year from $1,171 to $62,416. 1-bedroom rentals prices have increased by $764 (60.28%) year-over-year from $1,268 to $2,032. 2-bedroom rentals prices have increased by $181 (11.94%) year-over-year from $1,514 to $1,695. 3-bedroom rentals prices have increased by $656 (32.93%) year-over-year from $1,992 to $2,648. 4-bedroom rentals prices have increased by $545 (18.76%) year-over-year from $2,905 to $3,450. 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 up by 189.64% this month. 1-bedroom rents have gone up by 30.32% this month. 2-bedroom rents have gone up by 1.19% this month. 3-bedroom rents have gone up by 8.62% this month. 4-bedroom rents have gone up by 10.72% this month.