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Newest Homes for Rent in Madison, ME

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  • 77 Main St Unit 3, Madison, ME 04950
    77 Main St Unit 3, Madison, ME 04950
    77 Main St Unit 3, Madison, ME 04950
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    $900 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    77 Main St Unit 3, Madison, ME 04950

    Property Id: 1008760 Available Sept 1st. This 1 bedroom apartment is conveniently located in downtown Madison. Within walking distance to Reny's, laundromat, banks and more! Features private entrance, back deck and single parking spot. Landlord pays water, sewer, trash removal and snow removal. Tenants responsible for heat, electricity and internet. Rent is $900 per month. One year

    77 Main St Unit 3, Madison, ME 04950
  • 152 Main St Unit 3, Madison, ME 04950
    152 Main St Unit 3, Madison, ME 04950
    152 Main St Unit 3, Madison, ME 04950
    /9

    $1,200 Per Month

    • 1 Bed
    • 1 Bath
    • 800 Sq Ft
    • Condo for Rent

    152 Main St Unit 3, Madison, ME 04950

    Property Id: 2771014 Freshly renovated 1-bedroom, 1-bathroom second-floor apartment available in downtown Madison. This bright apartment features high ceilings, oversized windows with plenty of natural light, beautiful hardwood floors, and a brand-new bathroom. Recently renovated in March 2026, it offers a clean, updated living space with plenty of character. All utilities are

    152 Main St Unit 3, Madison, ME 04950
Maine Somerset County

Newest Homes for Rent in Madison, ME

Frequently Asked Questions

How much does it cost to rent a home in Madison, ME?
The median rent for a home in Madison, ME is $1,050 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Madison, ME?
To comfortably afford the median rent in Madison, ME, a household needs to earn roughly $42,000 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 $1,050 per month in Madison, ME, renters typically need to show $3,150 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, ME?
In Madison, ME, the price-to-rent ratio is 19.5, 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 Trends in Madison, ME

There are currently 2 homes available for rent in Madison, ME. The median rent is $1,050 per month, with condos at $1,050.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$1,050
Median Condo Rent
$1,050
How to Rent a Home

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