Houses for Rent in Madison, WI

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Houses for Rent in Madison, WI

Search and browse 4536 houses available for rent in Madison, WI. With houses that span the entire city, you will find a house in Madison for just the right price. During your search, sort your favorite houses by one of our listed amenities — covered parking, in-unit washer and dryer, a rooftop pool, a modern fitness center, an updated kitchen, energy efficient appliances, smart technology, online leasing, payments, and more. Want to tour a property? Schedule a tour online and you’ll be moving in to your new Madison house before you know it.

Madison:
August Rent Report

Welcome to the August 2020 Madison Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the August 2020 key findings and figures for the Madison rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Madison and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Madison rent prices in the chart below.

Monthly Rent Report

Madison Rent Prices Decrease From July to August

Madison rent prices decreased over the last month. From July to August, the city experienced a 0.0% decrease for the price of a one-bedroom apartment. The rent price for a Madison one-bedroom apartments currently stands at $1,152.0.

When we take a look at the two-bedroom comparison from July to August, Madison experienced a -0.72% decrease for the price of a two-bedroom apartment. The rent price for a Madison two-bedroom apartments currently stands at $1,382.0.

August Prices: Madison vs. Surrounding Areas

Rent Prices in Madison and Surrounding Areas

Rent prices have decreased in Madison over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 3 of the Madison suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Fitchburg, WI, Middleton, WI, Maple Bluff, WI .

  • Rent decreased in Sun Prairie, WI, Verona, WI, Waunakee, WI, Cottage Grove, WI.

  • 5 suburbs are currently priced higher than the city of Madison.

  • 2 suburbs are currently priced lower than the city of Madison.

August 2020 Pricing Trends: Madison vs. National Comparisons

Madison Rent Prices More Affordable Than Major Cities

Rent growth in Madison over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Madison rent prices appear to be relatively affordable for local residents.

The price for a Madison one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

You can view the full rundown of ABODO's August 2020 National Apartment Report and data set here.

For more information about Madison and surrounding area rent prices, take a look at the complete data set below.

Data set for Madison and suburbs

1 BR August 1 BR M/M % Change 2 BR August 2 BR M/M % Change
Madison, WI $1,152.0 0.44% $1,392.0 -0.29%
Fitchburg, WI $1,240.0 0.73% $1,478.0 -0.67%
Middleton, WI $1,295.0 0.31% $1,543.0 2.73%
Sun Prairie, WI $1,196.0 -1.24% $1,475.0 0.14%
Verona, WI $1,069.0 -0.28% $1,300.0 -0.31%
Waunakee, WI $1,231.0 -0.24% $1,650.0 -2.08%
Maple Bluff, WI $1,675.0 0.12% $3,060.0 -0.10%
Cottage Grove, WI $1,123.0 -0.27% $1,456.0 -1.02%

Methodology

Each month, using over 1 million ABODO listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.