Rental market snapshot for Madison, Wisconsin
Madison, Wisconsin Rental Property Market Overview
The average rent for an apartment in Madison is $1,238. The cost of rent varies depending on several factors, including location, size, and quality.
The average rent has decreased by -11.1% over the past year.
Madison is the capital of Wisconsin and the second largest city in the state. It is located in the south-central part of the state on an isthmus between Lakes Mendota and Monona. The city has a population of about 250,000 people. Madison is known for its liberal politics, its University of Wisconsin-Madison, and its many lakes and parks.
Last Updated December 23, 2022
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Sign upAverage monthly rent graph in Madison Wisconsin | Cost of Living
- The most expensive ZIP Code in Madison is 53718 with an average price of $1,795
- The cheapest ZIP Code in Madison is 53715 with an average price of $895
Madison ZIP Codes with the highest, most expensive rent
| # | zip code | average rent |
|---|---|---|
| 1 | 53718 | $1,795 |
| 2 | 53719 | $1,795 |
| 3 | 53705 | $1,620 |
| 4 | 53711 | $1,550 |
| 5 | 53713 | $1,274 |
| 6 | 53715 | $1,246 |
| 7 | 53717 | $1,145 |
| 8 | 53703 | $1,100 |
| 9 | 53704 | $1,075 |
Live near Madison, Wisconsin's Top Sights and Attractions
Elver Park is a large park with many trees, a playground, a basketball court, a softball field, and a pond.
De Volis Parkway is a scenic route that winds through the city. It is lined with trees and has several parks along the way.
Warner Park is a nature preserve that features hiking and biking trails, a playground, a splash pad, a disc golf course, and a dog park. The park also has a lake where you can fish, canoe, and kayak.
Vilas Henry Zoo is a small zoo located on the University of Wisconsin-Madison campus. The zoo is home to a variety of animals, including lions, tigers, bears, and reptiles. The zoo also has a petting zoo area where children can interact with some of the animals.
De Volis Park is a large park located in the center of Madison, Wisconsin. The park is home to a variety of trees, flowers, and shrubs, as well as a large pond. Visitors to the park can enjoy a variety of activities, including walking, biking, fishing, and picnicking.
Lucia Crest Park is a beautiful park located on the outskirts of Madison, Wisconsin. The park offers stunning views of the city skyline and the surrounding countryside. There are plenty of activities to keep visitors entertained, including hiking, biking, and picnicking.
The Southwest Commuter Trail is a paved trail that runs along a former railroad corridor for 3.5 miles through the southwest side of Madison. The trail connects to several neighborhoods and parks, including the Henry Vilas Zoo, and provides views of Lake Mendota.
Allen Centennial Gardens is a beautiful, serene spot on the University of Wisconsin-Madison campus. The gardens feature a variety of flowers, plants, and trees, as well as a koi pond and a waterfall. Visitors can stroll along the winding paths, sit on a bench to enjoy the view, or take a break in the shade of the gazebo.
Madison, Wisconsin area median rent change by ZIP Code map
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Sign upHow does Madison compare to other cities in Wisconsin ?
| city | median price |
|---|---|
| Racine | $1,444 |
| Sun Prairie | $1,595 |
| Oconomowoc | $1,430 |
| Oak Creek | $1,691 |
| Fond Du Lac | $725 |
| Cottage Grove | $1,550 |
Average household income in Madison area graph - US Census
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Sign upThe median household income in Madison in 2021 was $67,565. This represents a 24.9% change from 2011 when the median was $54,093.
| # | category | percent |
|---|---|---|
| 0 | Less than $10,000 | 6.1% |
| 1 | $10,000 to $14,999 | 3.8% |
| 2 | $15,000 to $19,999 | 3.2% |
| 3 | $20,000 to $24,999 | 4.0% |
| 4 | $25,000 to $29,999 | 4.4% |
| 5 | $30,000 to $34,999 | 3.8% |
| 6 | $35,000 to $39,999 | 4.0% |
| 7 | $40,000 to $44,999 | 3.9% |
| 8 | $45,000 to $49,999 | 3.9% |
| 9 | $50,000 to $59,999 | 7.3% |
| 10 | $60,000 to $74,999 | 10.7% |
| 11 | $75,000 to $99,999 | 13.7% |
| 12 | $100,000 to $124,999 | 9.9% |
| 13 | $125,000 to $149,999 | 6.9% |
| 14 | $150,000 to $199,999 | 7.1% |
| 15 | $200,000 or more | 7.3% |
