Houses for Rent in Madison County, IN

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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 August 2025, 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 17.6% ($220) lower than the Indiana average of $1,247 and 42.6% ($763) lower than the U.S. average of $1,790.

Average Rent
$1,027
Monthly ChangeMonth Over Month Change
Decreased1.1% ($11)
Yearly ChangeYear Over Year Change
Increased7.9% ($75)
Avg. Days on MarketAverage Days on Market
32
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $945 Increased1.9% ($18) Increased9.1% ($79)
2 Beds $1,068 Decreased3.2% ($35) Increased8.5% ($84)
3 Beds $1,320 Decreased1.9% ($26) Decreased14.6% ($225)
Cities within Madison County Average Rent Avg. Rent vs. MadisonAverage Rent vs. Madison County Avg. Days on MarketAverage Days on Market
Anderson $1,032 Increased0.5% ($5) 38 days
Elwood $1,051 Increased2.3% ($24) 33 days
Summitville $794 Decreased22.7% ($233) 32 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 $1,027 per month.
Houses in Madison County typically rent for between $662 and $1,716 per month, with an average of $1,027 per month.
In Madison County, the average rent for a 1-bedroom house is $945 per month, for a 2-bedroom house, $1,068 per month, and a 3-bedroom house is $1,320 per month.
The average rent in Madison County is 42.6% ($763) lower than the national average of $1,790 per month.
The average rent in Madison County has decreased by 1.1% ($11) in the last month and increased by 7.9% ($75) 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 84 rental properties available in Madison County, IN.
Based on the current averages, a household would need an annual income of $42,720 to comfortably afford a 2-bedroom house in Madison County.
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