Apartments for Rent in Madison, WI

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What to Know About

Living in Madison, WI

Madison, the capital of Wisconsin, is known for its beautiful scenery, active outdoor lifestyle, and prestigious universities. History enthusiasts can explore the Wisconsin State Capitol building or visit the Wisconsin Historical Museum to learn about the city's past. Madison is also home to the University of Wisconsin-Madison, a renowned educational institution. The local economy is diverse, combining government, education, healthcare, and technology jobs.

Take advantage of Madison's natural beauty with a hike in the Arboretum, a paddle on the serene Lake Mendota, or biking through the city's many parks and trails. Food lovers can indulge in cheese curds or craft beer at local eateries, strongly emphasizing locally sourced and sustainable food. In addition, it's the home to various significant events, such as the Farmer's Market, Wisconsin Film Festival, Art Fair on the Square, and the Great Taste of the Midwest beer festival, which highlight the city's unique culture and cuisine.

With its excellent schools, a strong sense of community, and high quality of life, Madison is consistently ranked as one of the best places to live in the United States, making it a great place to live.

Rental Market Trends

Madison, WI

As of August 2025, Madison's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Madison's average rent is 22.7% ($329) higher than the Wisconsin average of $1,447 and 0.8% ($14) lower than the U.S. average of $1,790.

Average Rent
$1,776
Monthly ChangeMonth Over Month Change
Decreased1% ($18)
Yearly ChangeYear Over Year Change
Increased4.2% ($72)
Avg. Days on MarketAverage Days on Market
48
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,574 Decreased1.3% ($20) Decreased2.4% ($38)
2 Beds $1,947 Decreased1.5% ($29) Increased5.8% ($107)
3 Beds $2,434 Decreased3.3% ($84) Increased0.2% ($6)
Nearby Cities Average Rent Avg. Rent vs. MadisonAverage Rent vs. Madison Avg. Days on MarketAverage Days on Market
Middleton $1,766 Decreased0.6% ($10) 45 days
McFarland $1,673 Decreased5.8% ($103) 47 days
Waunakee $1,887 Increased6.3% ($111) 45 days
Windsor $1,543 Decreased13.1% ($233) 41 days
Oregon $1,803 Increased1.5% ($27) 46 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Madison Rental Market FAQs

Explore rental prices, market trends, and availability in Madison, WI.

The average rent in Madison, WI is $1,776 per month.
Apartments in Madison typically rent for between $1,102 and $3,164 per month, with an average of $1,776 per month.
In Madison, the average rent for a 1-bedroom apartment is $1,574 per month, for a 2-bedroom apartment, $1,947 per month, and a 3-bedroom apartment is $2,434 per month.
The average rent in Madison is 0.8% ($14) lower than the national average of $1,790 per month.
The average rent in Madison has decreased by 1.0% ($18) in the last month and increased by 4.2% ($72) over the past year.
The rental market in Madison, WI, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Madison, WI, the average rental stays on the market for approximately 48 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 319 rental properties available in Madison, WI.
Based on the current averages, a household would need an annual income of $77,880 to comfortably afford a 2-bedroom apartment in Madison.
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