Rental market snapshot for Madison, Wisconsin
Madison, Wisconsin Rental Property Market Overview
Madison, Wisconsin is the capital of the state and the second-largest city in Wisconsin. According to the US Census, the population of Madison in 2021 is 269,196. Madison is known for its vibrant culture, diverse economy, and numerous educational institutions. The city is home to the University of Wisconsin–Madison, the Wisconsin State Capitol, and numerous museums, parks, and other attractions. Madison is also known for its progressive politics, vibrant music scene, and diverse food culture.
The average rent for an apartment in Madison is $1,451. The cost of rent varies depending on several factors, including location, size, and quality.
The average rent has decreased by 2.8% over the past year.
Last Updated April 22, 2023
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Average monthly rent graph in Madison Wisconsin | Cost of Living
- The most expensive ZIP code in Madison is 53705 with an average price of $1,650
- The cheapest ZIP code in Madison is 53713 with an average price of $940
Madison ZIP codes with the highest, most expensive rent
| # | ZIP Code | Average Rent |
|---|---|---|
| 1 | 53705 | $1,650 |
| 2 | 53715 | $1,640 |
| 3 | 53718 | $1,635 |
| 4 | 53711 | $1,575 |
| 5 | 53719 | $1,495 |
| 6 | 53717 | $1,375 |
| 7 | 53714 | $1,325 |
| 8 | 53713 | $1,244 |
| 9 | 53703 | $1,100 |
| 10 | 53704 | $1,100 |
Live near Madison, Wisconsin's Top Sights and Attractions
Elver Park is a large park located on the west side of Madison, Wisconsin. It features a variety of outdoor activities, including a large lake with a beach, a playground, and plenty of trails for biking, walking, and running. There is also a large open field for sports, as well as picnic areas and a pavilion. The park is also home to a variety of wildlife, including birds, deer, and other animals.
De Volis Parkway is a scenic drive that winds through the rolling hills of Wisconsin's countryside. It offers stunning views of the surrounding landscape, including lush forests, meadows, and lakes. Along the way, visitors can stop to explore the many parks, trails, and historic sites that line the route. The drive is especially popular during the fall months, when the changing leaves create a beautiful backdrop for the journey.
Warner Park is a sprawling outdoor recreation area located on the north side of Madison. It features a variety of activities, including a large lake for swimming, fishing, and boating, a golf course, and numerous trails for hiking, biking, and cross-country skiing. The park also has several sports fields, playgrounds, picnic areas, and a nature center. In addition, the park is home to a variety of wildlife, including deer, foxes, and other small animals.
Vilas Henry Zoo is a free zoo located in Madison, Wisconsin. It is home to over 200 species of animals, including lions, tigers, giraffes, zebras, and more. The zoo also features a variety of educational programs, including animal encounters, keeper talks, and special events. Visitors can also explore the zoo's botanical gardens, which feature a variety of native and exotic plants.
De Volis Park is a beautiful outdoor space located in Madison, Wisconsin. It features a large lake with a beach, a playground, and plenty of picnic areas. There are also walking and biking trails, as well as a disc golf course. The park is a great place to spend the day with family and friends, enjoying the outdoors and the stunning views of the lake.
Lucia Crest Park is a picturesque park located on the shores of a beautiful lake. It features a variety of outdoor activities, including walking trails, fishing, and boating. The park also has a playground, picnic areas, and a large open field perfect for sports and other activities. The park is surrounded by lush trees and vegetation, providing a peaceful and tranquil atmosphere. Visitors can also enjoy stunning views of the lake and the surrounding area.
Southwest Commuter Trail is a scenic, paved trail located in Madison, Wisconsin. It is a popular spot for outdoor activities such as walking, running, biking, and rollerblading. The trail is approximately 5 miles long and runs along the southwestern edge of the city, offering stunning views of the surrounding countryside. It is a great spot for bird watching, as well as for enjoying the natural beauty of the area. The trail is well-maintained and is a great way to explore the city and its surroundings.
Allen Centennial Gardens is a tranquil oasis located on the University of Wisconsin-Madison campus. It features a variety of gardens, including a rose garden, a perennial garden, a Japanese garden, and a children's garden. The gardens are filled with colorful flowers, lush greenery, and winding pathways. Visitors can also enjoy a variety of events, such as concerts, lectures, and workshops. The gardens are a popular spot for weddings, family gatherings, and other special occasions.
Olbrich Botanical Complex is a 16-acre public garden located on the east side of Madison, Wisconsin. It features a variety of outdoor gardens, including a rose garden, a Thai pavilion, and a sunken garden. Inside the complex, visitors can explore a tropical conservatory, a desert conservatory, and a variety of specialty gardens. The complex also offers educational programs, special events, and a gift shop.
Edgewood Pleasure Drive is a scenic drive located in Madison, Wisconsin. It is a 3.2 mile loop that winds through the city's beautiful parks, lakes, and neighborhoods. The drive offers stunning views of the city skyline, the Capitol building, and Lake Monona. Along the way, visitors can stop to enjoy the many parks, playgrounds, and picnic areas. The drive is a great way to explore the city and take in its natural beauty.
Madison, Wisconsin area median rent change by ZIP code map
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How does Madison compare to other cities in Wisconsin ?
| city | median price |
|---|---|
| Deforest | $1,550 |
| Shorewood | $995 |
| West Allis | $895 |
| Whitefish Bay | $1,625 |
Average household income in Madison area graph - US Census
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The median household income in Madison in 2021 was $70,466. This represents a 30.3% 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% |
