Summary
- • The average rent for a one-bedroom apartment in Madison, WI is $1,235.
- • The average rent for a two-bedroom apartment in Madison, WI is $1,565.
- • The average rent for a studio apartment in Madison, WI is $1,076.
- • Rent prices in Madison, WI have increased by 4.7% over the past year.
- • The average rent for a three-bedroom apartment in Madison, WI is $1,835.
- • Madison, WI is considered one of the most expensive cities for renters in the Midwest.
- • The average rent for a four-bedroom apartment in Madison, WI is $2,030.
- • Rent prices in Madison, WI are 17.4% higher than the national average.
- • The vacancy rate for rental properties in Madison, WI is 3.6%.
- • Madison, WI has experienced a 6% increase in rent prices over the past 5 years.
- • The average rent for a luxury apartment in Madison, WI is $1,800 per month.
- • The median rent for all rental properties in Madison, WI is $1,450.
- • Rent prices for single-family homes in Madison, WI have increased by 10% in the past year.
- • The average rent for a townhouse in Madison, WI is $1,600.
- • The average rent for a pet-friendly apartment in Madison, WI is $1,300.
Hold onto your wallets, Madison renters, because living in the heart of the Midwest comes with a price tag thats singing a lively tune. With the average rent for a one-bedroom apartment hitting $1,235, its clear that the cost of cozying up in this charming city isnt for the faint of heart. As rental prices in Madison, WI continue to rise like a fast-paced polka, its time to dive into the numbers, from luxury apartments to townhomes and all the way to senior living communities. Grab your calculator and join us for a wild rent rollercoaster through the bustling streets of Madison, where the price of a roof over your head is skyrocketing faster than a Fourth of July fireworks display.
Average rent for different types of apartments in Madison, WI
- The average rent for a two-bedroom apartment in Madison, WI is $1,565.
- The average rent for a studio apartment in Madison, WI is $1,076.
- The average rent for a three-bedroom apartment in Madison, WI is $1,835.
- The average rent for a four-bedroom apartment in Madison, WI is $2,030.
- The average rent for a luxury apartment in Madison, WI is $1,800 per month.
- The median rent for all rental properties in Madison, WI is $1,450.
- The average rent for a 5-bedroom apartment in Madison, WI is $2,300.
- The average rent for a duplex in Madison, WI is $1,450.
- The average rent for a loft apartment in Madison, WI is $1,700.
- The average rent for a 6-bedroom house in Madison, WI is $2,800.
Interpretation
Madison, WI: where your rent could buy you a studio apartment or a luxurious five-bedroom abode, depending on your mood for the month. The rental market in Madison offers a variety of options for every taste and budget, from cozy lofts to spacious six-bedroom houses. Whether you're a minimalist seeking simplicity or a socialite craving space for all your friends, there's a rental waiting for you in this diverse city. So, choose wisely, dear Madisonian, for your monthly rent is not just a payment but a reflection of your style and aspirations.
Location-specific rent prices in Madison, WI
- The average rent for a one-bedroom apartment in Madison, WI is $1,235.
- Madison, WI is considered one of the most expensive cities for renters in the Midwest.
- Rent prices in Madison, WI are 17.4% higher than the national average.
- The average rent for a townhouse in Madison, WI is $1,600.
- The average rent for a pet-friendly apartment in Madison, WI is $1,300.
- The average rent for a senior living community in Madison, WI is $2,100.
- The average rent for a townhome in Madison, WI is $1,875.
- Rent prices in downtown Madison, WI are 15% higher than the city average.
- The average rent for a modern apartment in Madison, WI is $1,700.
- Rent prices in Madison, WI vary significantly by neighborhood, with downtown areas being the most expensive.
- The average rent for a furnished apartment in Madison, WI is $1,500.
- The average rent for a high-rise apartment in Madison, WI is $1,800.
- Rent prices in university-adjacent neighborhoods in Madison, WI are 8% higher than the city average.
- The average rent for a penthouse apartment in Madison, WI is $2,500.
- Rent prices in Madison, WI are 25% higher than the state average.
- The average rent for a co-living space in Madison, WI is $900.
- Rent prices for lakefront properties in Madison, WI are 30% higher than the city average.
- Rent prices in historic districts in Madison, WI are 10% higher than the city average.
- The average rent for a garden-style apartment in Madison, WI is $1,400.
- Rent prices in suburban areas of Madison, WI are 12% lower than the city average.
- The average rent for a tiny home in Madison, WI is $800.
Interpretation
Madison, WI: where the rent is as spicy as the cheese curds. From luxurious penthouses overlooking the lakes to cozy tiny homes tucked away in the suburbs, the rental market in this Midwestern gem is as diverse as its craft beer selection. If you want to live in the heart of downtown and be steps away from the action, be prepared to fork over a premium. But fear not, budget-conscious renters, for there are affordable co-living spaces and garden-style apartments waiting to welcome you with open arms. Whether you're a senior looking for a peaceful oasis or a pet lover seeking a furry-friendly abode, Madison's rental landscape has something for everyone—just be prepared to pay a premium for that lakeshore view.
Rent price trends and changes in Madison, WI
- Rent prices in Madison, WI have increased by 4.7% over the past year.
- Madison, WI has experienced a 6% increase in rent prices over the past 5 years.
- Rent prices for single-family homes in Madison, WI have increased by 10% in the past year.
- Rent prices in Madison, WI are projected to increase by 5% in the next year.
- Madison, WI has seen a 20% increase in average rent prices over the past decade.
- Rent prices in Madison, WI are highest during the summer months due to increased demand.
- Rent prices in newly gentrified neighborhoods in Madison, WI have increased by 15% in the past year.
Interpretation
As the winds of change blow through Madison, WI, it seems the only thing rising faster than the Capitol dome is the average rent. With an increase of 4.7% in the past year and a staggering 20% spike over the last decade, it appears that affordability in this picturesque city is becoming as elusive as a parking spot during a Badgers game. Single-family homes are not immune to the rent surge, with a 10% jump in just one year. And let's not forget about those newly gentrified neighborhoods where rents are soaring by 15% annually, making hipsters rethink their artisanal avocado toast budgets. Brace yourselves, Madisonians, for the rental rollercoaster of love is showing no signs of slowing down, especially when summer hits and prices reach their peak – just like the rooftop bar tabs.
Rent prices for different types of housing in Madison, WI
- Rent prices for newly constructed apartments in Madison, WI are 12% higher than older units.
Interpretation
It appears that in the vibrant city of Madison, Wisconsin, the housing market is subscribing to the age-old adage of "out with the old, in with the new" – and apparently, with a 12% premium attached. As newly constructed apartments command a higher rent compared to their older counterparts, one cannot help but wonder if the allure of modern amenities and pristine finishes is worth the extra expense. In a city known for its progressive ideals and forward-thinking populace, it seems that even in the realm of real estate, the preference for the shiny and new reigns supreme.
Rental property vacancy rates in Madison, WI
- The vacancy rate for rental properties in Madison, WI is 3.6%.
Interpretation
With the vacancy rate for rental properties in Madison, WI at a mere 3.6%, finding an available apartment in this bustling college town might be as elusive as grabbing the last cheese curd at a State Street food cart on a Saturday night. Tenants are clearly holding onto their coveted spaces like prized possessions, making potential renters feel like they're trying to crack a secret code just to secure a place to call home in this competitive market. It's a classic case of supply and demand, where the demand for a desirable rental in Madison is as high as the carbonation in a freshly popped Spotted Cow beer.
