Culminating in the Hilldale outdoor shopping center, the Midvale area is a short ride down University Avenue from downtown Madison.
Just north of Verona, Midvale is one of the more popular areas on the west end, providing a comfortable living environment for all sorts of people. Young families, professionals, graduate students and retirees all consider Midvale and the west end home.
The Hilldale mall has something for everyone, whether you want to shop at traditional stores or catch a movie. The Sundance Cinemas present a unique viewing experience with stadium seating and home-theater feel by selling craft beer and freshly made popcorn. It feels less like going to chain theater and more like you are getting something special with your viewing. Metcalfe’s market has been local to Madison since 1917 and offers some of the best local shopping in the city. Situated across from a Super Target and Fleming’s steakhouse, Midvale residents have their own slice of heaven.
Midvale being the little area between Middleton and downtown Madison, rental prices tend to vary, especially with the variety of people living in the area. A graduate student looking to live a little further off campus can find a place for cheap while a family moving to the area can find a top-notch neighborhood worth a little extra. Midvale is relative to what a renter or buyer is looking for, but we assure you that it can be found in this area.
If you're not sure how much an apartment will cost, the table below shows the average price by size.
Welcome to the May 2020 Madison Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the May 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.
Madison rent prices increased over the last month. From April to May, the city experienced a 2.17% increase for the price of a one-bedroom apartment. The rent price for a Madison one-bedroom apartments currently stands at $1,130.0.
When we take a look at the two-bedroom comparison from April to May, Madison experienced a 1.23% increase for the price of a two-bedroom apartment. The rent price for a Madison two-bedroom apartments currently stands at $1,395.0.
Rent prices have increased 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 2 of the Madison suburbs increased last month. On the other hand, 5 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rent increased in Middleton, WI, Cottage Grove, WI .
Rent decreased in Fitchburg, WI, Sun Prairie, WI, Verona, WI, Waunakee, WI, Maple Bluff, WI.
5 suburbs are currently priced higher than the city of Madison.
2 suburbs are currently priced lower than the city of Madison.
Rent growth in Madison over the past year has been on the rise. 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 May 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.
|1 BR May||1 BR M/M % Change||2 BR May||2 BR M/M % Change|
|Sun Prairie, WI||$1,221.0||0.00%||$1,444.0||1.26%|
|Maple Bluff, WI||$1,676.0||-0.24%||$3,083.0||-0.23%|
|Cottage Grove, WI||$1,126.0||11.60%||$1,423.0||2.67%|
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.