Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
•11 min read
What to Know About
Life in Madison County & Beyond
Madison County shares many of the great qualities that make Indiana a desirable place to live.
Indiana is where the past meets the present, and the great outdoors is right at your fingertips. Get to know the rich cultural heritage of this Midwestern gem by visiting incredible museums like the Eiteljorg Museum of American Indians and Western Art, or check out the top universities like Purdue University and Indiana University. Indiana is a hub of economic activity, with its thriving manufacturing, agriculture, and transportation industries.
The state also offers plenty of opportunities for those seeking adventure and excitement. From exploring the beautiful state parks to fishing in its many lakes and rivers, Indiana is a nature-lovers paradise from the Hoosier National Forest to the Ohio River. And for sports fans, check out the Indianapolis Colts (NFL) and Indiana Pacers (NBA) or catch a game at universities like Purdue or Indiana. In addition, discover famous attractions like the Indianapolis Motor Speedway, home of the world-famous Indianapolis 500 race, the Children's Museum of Indianapolis, and the historic town of Brown County.
With its strong economy, quality education, and lively atmosphere, Indiana is the perfect place to live.
Rental Market Trends
Madison County, IN
As of June 2026, Madison County's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Madison County's average rent is 22.8% ($294) lower than the Indiana average of $1,287 and 44.7% ($804) lower than the U.S. average of $1,797.
Average Rent
$993
Monthly ChangeMonth Over Month Change
1.6% ($16)
Yearly ChangeYear Over Year Change
4.3% ($45)
Avg. Days on MarketAverage Days on Market
32
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $871 | 6.2% ($58) | 7.7% ($73) |
| 2 Beds | $1,026 | 5.8% ($63) | 6.5% ($71) |
| 3 Beds | $1,204 | 12.7% ($175) | 0.4% ($5) |
| Cities within Madison County | Average Rent | Avg. Rent vs. MadisonAverage Rent vs. Madison County | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Anderson | $975 | 1.8% ($18) | 38 days |
| Elwood | $1,028 | 3.5% ($35) | 33 days |
| Alexandria | $777 | 21.8% ($216) | 34 days |
| Summitville | $930 | 6.3% ($63) | 32 days |
| Pendleton | $1,602 | 61.3% ($609) | 36 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Madison County Rental Market FAQs
Explore rental prices, market trends, and availability in Madison County, IN.
The average rent in Madison County, IN is $993 per month.
Homes in Madison County typically rent for between $610 and $1,565 per month, with an average of $993 per month.
In Madison County, the average rent for a 1-bedroom home is $871 per month, for a 2-bedroom home, $1,026 per month, and a 3-bedroom home is $1,204 per month.
The average rent in Madison County is 44.7% ($804) lower than the national average of $1,797 per month.
The average rent in Madison County has decreased by 1.6% ($16) in the last month and decreased by 4.3% ($45) over the past year.
The rental market in Madison County, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Madison County, IN, the average rental stays on the market for approximately 32 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 101 rental properties available in Madison County, IN.
Based on the current averages, a household would need an annual income of $41,040 to comfortably afford a 2-bedroom home in Madison County.
