Average Rent in Madison WI
8 apartment buildings, 69 units. Real prices pulled from each property's leasing system this morning.
Avg Rent
$2,288/mo
market average
Cheapest
$1,138/mo
The Flats at 402
Properties
8
tracked daily
Units
69
available now
Analysis
Rent Price Breakdown
Compare pricing across all 8 properties in Madison WI.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Madison WI Rent Prices
All 8 properties ranked by lowest available rent.
The Flats at 402
402 W Wilson St, Madison, WI 53703, USA
Veritas Village, LLC
110 N Livingston St, Madison, WI 53703, USA
The Marling Apartments
1825 E Washington Ave, Madison, WI 53704, USA
Gregg Shimanski Realty, Inc.
1609 Monroe St, Madison, WI 53711, USA
Hub On Campus Madison
437 N Frances St, Madison, WI 53703, USA
NoVo Apartments
216 S Pinckney St, Madison, WI 53703, USA
The Madison Mark
132 E Wilson St, Madison, WI 53703, USA
| # | Property | From ▼ | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | The Flats at 402 402 W Wilson St, Madison, WI 53703, USA | $1,138 | $1,389 | $1.76 | 3.1 | 4 |
| 2 | Veritas Village, LLC 110 N Livingston St, Madison, WI 53703, USA | $1,439 | $2,744 | $2.19 | 4.7 | 23 |
| 3 | The Marling Apartments 1825 E Washington Ave, Madison, WI 53704, USA | $1,545 | $2,124 | $2.48 | 4.5 | 42 |
| 4 | Gregg Shimanski Realty, Inc. 1609 Monroe St, Madison, WI 53711, USA | -- | -- | -- | 4.3 | 0 |
| 5 | Hub On Campus Madison 437 N Frances St, Madison, WI 53703, USA | -- | -- | -- | 4 | 0 |
| 6 | NoVo Apartments 216 S Pinckney St, Madison, WI 53703, USA | -- | -- | -- | 3.7 | 0 |
| 7 | The Madison Mark 132 E Wilson St, Madison, WI 53703, USA | -- | -- | -- | 3.7 | 0 |
Explore Each Property
The Flats at 402
3.1402 W Wilson St, Madison, WI 53703, USA
Veritas Village, LLC
4.7110 N Livingston St, Madison, WI 53703, USA
The Marling Apartments
4.51825 E Washington Ave, Madison, WI 53704, USA
Gregg Shimanski Realty, Inc.
4.31609 Monroe St, Madison, WI 53711, USA
Hub On Campus Madison
4437 N Frances St, Madison, WI 53703, USA
NoVo Apartments
3.7216 S Pinckney St, Madison, WI 53703, USA
Madison WI Average Rent Prices 2026
The average rent in Madison WI is $2,288 per month, based on 69 units across 8 apartment communities. Prices range from $1,138 at The Flats at 402 to $1,545 at The Marling Apartments.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,609/mo | $1,439/mo | 15 |
| 1 Bed | $1,816/mo | $1,138/mo | 14 |
| 2 Bed | $2,553/mo | $1,518/mo | 32 |
| 3 Bed | $3,330/mo | $2,999/mo | 8 |
Every price comes directly from each property's leasing system, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
What salary do I need to live comfortably in Madison WI?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$92,000/year
30 percent rule — using our average rent of $2,288/mo.
Comfortable income
$110,000/year
25 percent rule — leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,138/mo), you need to earn at least $46,000/year.
Median household income in Madison WI is $76,983 — about 30% below the comfortable-living threshold.
Cost of living in Madison WI
Overall prices in Madison WI runs below the national average by about 4% (BEA Regional Price Parity index 95.9, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Madison WI's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,288 |
| Utilities | $413 |
| Groceries | $507 |
| Transportation | $983 |
| Healthcare | $480 |
| Other goods and services | $768 |
| Estimated total | $5,438/mo |
Population
275,568
Median household income
$76,983
Median age
31.8
Mean commute
19 min
Methodology
† Rent data is sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living estimates for utilities, groceries, transportation, healthcare, and other goods and services combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures (median household income, population, median age, commute time) come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Rent Trends in Madison WI
Track how apartment prices are changing over time.
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