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Madison, IN Homes for Rent

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  • /5

    Starting at $800 Per Month

    • 1 - 2 Beds

    217 Hooton Blvd, Madison, IN 47250

    Located on a quite subrabun street hill top madison. Close to the all the stores and shopping areas right across from the golf course perfect area for you to cart around town.

    (812) 714-0727

    217 Hooton Blvd, Madison, IN 47250
  • /16

    $3,480 Per Month

    • 4 Beds
    • 2.5 Baths
    • 2,200 Sq Ft
    • House for Rent

    410 Baltimore St, Madison, IN 47250

    Property Id: 2564727Welcome to your dream home at 410 Baltimore St in Madison! This stunning single-family property features 4 bedrooms, 2.5 bathrooms, and top-notch amenities like a dishwasher, washer/dryer, and balcony. With a rent of $3950/month and a smoke-free environment, this is the perfect place to call home. Don't miss out on this opportunity - schedule a viewing today!

    (812) 920-5267

    410 Baltimore St, Madison, IN 47250
  • /15

    $900

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 750 Sq Ft
    • Condo for Rent

    216 E Main St Unit B, Madison, IN 47250

    Open, spacious 2 bedroom apartment located in historic Downtown Madison on Main St. Nice hardwood floors. Big windows!

    216 E Main St Unit B, Madison, IN 47250
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    $1,200

    Total Monthly Price

    • 2 Beds
    • 1.5 Baths
    • 1,200 Sq Ft
    • Townhouse for Rent

    2243 Shawnee Dr Unit 3, Madison, IN 47250

    Welcome home to Madison Heights Apartments. This 2 bedroom, 1.5 bath townhouse boasts a quiet, cul-de-sac location with back deck overlooking a wooded area. Downstairs includes a galley kitchen equipped with a dishwasher, disposal, range, microwave and refrigerator, half bathroom, washer/dryer hookup, living room and dining room. Upstairs you will find 2 large bedrooms with nice sized closets and

    2243 Shawnee Dr Unit 3, Madison, IN 47250

Why Live in Madison

Madison, IN, located along the Ohio River in Jefferson County, is known for its historic charm and affordable lifestyle. The city boasts one of the largest historic districts in the U.S., spanning 133 blocks, and features a diverse range of 19th-century architecture, including Federal, Greek, and Colonial Revival styles. Madison is strategically positioned about 100 miles from Louisville, Cincinnati, and Indianapolis, making it a convenient location for travel. The city is home to over 12,000 residents and key employers like the Norton King’s Daughters’ Hospital system. Madison's vibrant Main Street is filled with boutiques, eateries, and attractions, including the annual Madison Regatta and Roostertail Music Festival. Parks such as Clifty Falls State Park and Crystal Beach Aquatic Park offer outdoor activities, while the Lanier Mansion State Historic Site provides guided tours of its Greek Revival architecture. Shopping options include big-box retailers and local markets, with dining ranging from fast-food chains to locally owned restaurants. Madison Consolidated Schools serve the community with high ratings, and higher education is available at Hanover College and Ivy Tech Community College. Residents rely on the Ohio Scenic Byway for transportation, with the Louisville International Airport 55 miles away. Jefferson County has seen a decline in violent and property crime, with rates below the national average. Homes in Madison are affordable, with prices significantly lower than the national average, and include Victorian-era designs and new builds.

Frequently Asked Questions

How much does it cost to rent a home in Madison, IN?
The median rent for a home in Madison, IN is $1,200 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Madison, IN?
To comfortably afford the median rent in Madison, IN, a household needs to earn roughly $48,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,200 per month in Madison, IN, renters typically need to show $3,600 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Madison, IN?
In Madison, IN, the price-to-rent ratio is 17.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Madison, IN

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$1,200
Median Single Family Home Rent
$3,480
Median Townhouse Rent
$1,200
Median Condo Rent
$900
How to Rent a Home