8,185

Madison, WI Homes for Rent

Section Image Section Image
  • /113

    Starting at $1,395 Per Month

    • Studio - 3 Beds

    2015 E Springs Dr, Madison, WI 53704

    Brand New - First Month Free on a 12- or 13-month Lease PLUS $600-$2400 Signing Bonus!Welcome to Signature Pointe, where upscale living meets unparalleled convenience on Madison's east side. Our apartment community redefines comfort and sophistication, offering a perfect blend of elegance and accessibility. Situated in a premier location, residents relish the ease of being just moments

    Signature Pointe

    (608) 292-6885

    2015 E Springs Dr, Madison, WI 53704
  • /53

    Starting at $1,469 Per Month

    • Studio - 2 Beds

    2965 Hoepker Rd, Sun Prairie, WI 53590

    NEW CONSTRUCTION: Brand new apartment homes available now!The Preserve is located in the booming Prairie Lakes area in Sun Prairie. Conveniently located near everything you need from grocery shopping to a movie at Marcus Palace Cinema, Cabela's and more. You may find yourself not wanting to go far with the resort style amenities including granite countertops, private patios and balconies, a

    The Preserve at Prairie Lakes

    (608) 688-6835

    2965 Hoepker Rd, Sun Prairie, WI 53590
  • /32

    $1,700 Per Month

    • 2 Beds
    • 1 Bath
    • 1,085 Sq Ft
    • Condo for Rent

    301 Harbour Town Dr Unit 406, Madison, WI 53717

    This Top-floor condo has so much to offer. It is in the prime location with many amenities including heated indoor-pool, fitness center and club house. Bright and spacious living area with large bay windows & cathedral ceiling and access to a private balcony. Kitchen has a breakfast bar for extra seating overlooking the living space. Loft with skylights can be used for bedroom or office. Recent

    Agent Photo

    Peiling Fan

    Starlight Realty

    (608) 557-6141

    301 Harbour Town Dr Unit 406, Madison, WI 53717
  • /73

    Starting at $1,819 Per Month

    • Studio - 2 Beds

    4702 Madison Yards Way, Madison, WI 53705

    Experience the perfect blend of luxury and convenience at EO Madison Yards, where you'll find everything you need for a remarkable living experience in the heart of Madison. Discover the best apartments in Madison and elevate your lifestyle to new heights with the added convenience of Whole Foods next door. Explore EO Madison Yards today and make your home in the heart of Madison's thriving

    EO Madison Yards

    (608) 602-7520

    4702 Madison Yards Way, Madison, WI 53705
  • /18

    $1,395 Per Month

    • 1 Bed
    • 1 Bath
    • 480 Sq Ft
    • Apartment for Rent

    213 S Broom St Unit 3, Madison, WI 53703

    Available 7/1/2026. cozy 1 bed/1 bath apartment offers 480 sq ft of thoughtfully laid-out living space featuring hardwood floors and ample natural light. Located in the vibrant downtown core, you're just a short walk from the iconic Capitol Square, the UW-Madison campus, and the city's best restaurants, bars, coffee shops, and entertainment. With easy access to both Lake Mendota and Lake Monona.

    Agent Photo

    Brogan Brunker

    @properties-elleven Christie's International

    (608) 889-3880

    213 S Broom St Unit 3, Madison, WI 53703
  • /79

    Starting at $1,535 Per Month

    • Studio - 3 Beds

    1868 E Washington Ave, Madison, WI 53704

    Now Leasing at The Eastern!Experience unmatched character and style in the heart of the E. Washington Ave corridor—next to the future Madison Public Market! The Eastern features stunning designer finishes, unique layouts, and modern amenities crafted for elevated living. Choose from studios to 3-bedrooms, including direct entry apartments and townhomes. Enjoy a rooftop pool, fire pit and

    The Eastern

    (608) 684-6796

    1868 E Washington Ave, Madison, WI 53704
  • /9

    $3,950 Per Month

    • 4 Beds
    • 3 Baths
    • 3,800 Sq Ft
    • House for Rent

    5106 Meinders Rd, Mc Farland, WI 53558

    Private and spectacular 4-bedroom, 3-bath, 3800 sq. ft. executive ranch home situated on 15 acres. This home offers incredible views of Greenspace, Wildlife, Wetlands, and Parks making very quiet and peaceful. It features huge rooms with an open floor plan, many windows, and patio doors to maximize natural light and capture the beautiful outdoor views. Recent updates include fresh paint and new

    Agent Photo

    Michael Schuster

    RE/MAX Preferred

    (608) 405-6763

    5106 Meinders Rd, Mc Farland, WI 53558
  • /45

    Starting at $1,450

    Total Monthly Price

    • Studio - 3 Beds

    1625 Lock Ln, Madison, WI 53703

    The Duncan celebrates its coveted location perched on a bluff opposite historic Tenney Park and steps away from Lake Mendota. This picturesque destination offers residents a thoughtful blend of active living and a calm urban oasis. Residents enjoy a lake lifestyle with access to the lake and river for swimming, fishing, kayaking, boating and other water activities, and proximity to the ample

    The Duncan

    (608) 471-6859

    1625 Lock Ln, Madison, WI 53703
  • /19

    $1,800 Per Month

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

    309 W Washington Ave, Madison, WI 53703

    Fully Furnished Condo Available NOW! Live in the heart of the Capitol Square. Walk across the street for RED sushi or one of Madison's best sandwiches at Casseta. Two blocks to the capitol building to enjoy the vibrancy of the state capitol and the square. Farmers market and Concerts on the square. Fully furnished one bedroom one bath at Capitol West. Brand new furnishings down to towels and

    Agent Photo

    Brogan Brunker

    @properties-elleven Christie's International

    (608) 923-0721

    309 W Washington Ave, Madison, WI 53703
  • /93

    Starting at $1,699 Per Month

    • 1 - 4 Beds

    9603 Paragon St, Middleton, WI 53597

    Now Leasing 1-, 2-, 3-, and 4-bedroom apartments, townhomes, and row homes!

    Paragon Place at Bear Claw Way

    (608) 292-2610

    9603 Paragon St, Middleton, WI 53597
  • /33

    $6,000 Per Month

    • 4 Beds
    • 3 Baths
    • House for Rent

    2800 Tomahawk Ct, Middleton, WI 53562

    Lake Mendota, Middleton Schools. Now available for rent—breathtaking lake views paired with an unbeatable Middleton location. Expansive lakefront windows showcase 60 feet of pristine Lake Mendota frontage, filling the home with natural light and incredible scenery. Enjoy a spacious layout with a well-appointed kitchen, 2-car garage, a walk-in pantry, a privacy fence, and dual climate control.

    Agent Photo

    Tommy Van Ess

    First Weber Inc

    (608) 557-8946

    2800 Tomahawk Ct, Middleton, WI 53562
  • /45

    Starting at $1,420

    Total Monthly Price

    • Studio - 2 Beds

    838 Williamson St, Madison, WI 53703

    838 Williamson Street & 306 South Paterson StreetLocated along Williamson Street in Madison’s Marquette Neighborhood, The Irwin places residents in the center of one of the city’s most vibrant east side neighborhood. Known locally as Willy Street, this beloved neighborhood is lined with independent restaurants, neighborhood cafes, music venues, galleries, and locally owned shops that give

    Irwin

    (608) 400-4319

    838 Williamson St, Madison, WI 53703
  • /155

    Starting at $1,450 Per Month

    • Studio - 2 Beds

    215 N Fair Oaks Ave, Madison, WI 53714

    Discover Starkweather Place, an upscale mid-century modern apartment community located on Madison's East Side in the vibrant Schenk-Atwood-Starkweather-Yahara (SASY) neighborhood. Overlooking Starkweather Creek, it offers contemporary luxury and a nature-immersed lifestyle with easy access to parks, dining, and shopping. Experience the perfect balance of comfort and style at Starkweather Place!

    Starkweather Place

    (608) 422-4032

    215 N Fair Oaks Ave, Madison, WI 53714
  • /50

    Starting at $1,559

    Total Monthly Price

    • Studio - 3 Beds

    822 E Washington Ave, Madison, WI 53703

    Experience the pinnacle of urban living at the awe-inspiring Galaxie High Rise Apartments, a luxurious sanctuary nestled along the vibrant East Washington Avenue in Madison, Wisconsin. This architectural masterpiece offers a lifestyle of unparalleled elegance and modern convenience, setting a new standard for sophisticated city living. Galaxie also offer a premier viewing area on the rooftop

    Galaxie High Rise Apartments

    (608) 688-6945

    822 E Washington Ave, Madison, WI 53703
  • /56

    Starting at $1,595 Per Month

    • 2 - 3 Beds

    420 N Segoe Rd, Madison, WI 53705

    Royal Arms Apartments is in the most desirable location, with easy access to all the amenities and attractions that Madison has to offer. Whether you're eager to explore the lively downtown, relax at the scenic parks and lakes, or enjoy a variety of dining and shopping experiences, Royal Arms offers the perfect location and convenience to make it your ideal home. Our recently remodeled spacious

    Royal Arms Apartments

    (608) 292-4434

    420 N Segoe Rd, Madison, WI 53705
  • /31

    Starting at $1,350

    Total Monthly Price

    • Studio - 3 Beds

    2521 E Washington Ave, Madison, WI 53704

    Welcome to Nexus—Madison’s premier luxury apartment community, perfectly situated on E Washington Ave just minutes from the lively downtown and less than two miles from the Capitol. Nexus offers a curated selection of studio, 1-, 2-, and 3-bedroom floor plans, each thoughtfully designed to complement your lifestyle. Inside your home, enjoy sleek quartz countertops, stainless steel appliances,

    Nexus at Union Corners

    (608) 688-9012

    2521 E Washington Ave, Madison, WI 53704
  • /51

    Starting at $1,240 Per Month

    • Studio - 2 Beds

    238 Randolph Dr, Madison, WI 53717

    Welcome to Greenbriar Village, a vibrant apartment community situated on the west side of Madison, just minutes from West Towne Mall, a diverse range of dining options, and numerous local businesses. With easy access to the Beltline and being only a block away from the nearest Madison Metro bus line, and with in 8 miles of EPIC Intergalactic Campus commuting is a breeze. The community is bordered

    Greenbriar Village

    (608) 640-3835

    238 Randolph Dr, Madison, WI 53717
  • /30

    Starting at $1,400 Per Month

    • Studio - 2 Beds

    4934 Dreamer Dr, Madison, WI 53718

    Live Bright at Illuminate Madison - the city's newest resort-style apartments on the east side. Pre-leasing now for June 1! Just off I-90 and Highway 151, you're minutes from downtown and Madison's top dining. Enjoy spacious, light-filled interiors with high-end finishes and stylish designs that make every apartment home feel welcoming. Step outside to standout amenities: five-star pool with

    Illuminate Luxury Residences

    (608) 467-4013

    4934 Dreamer Dr, Madison, WI 53718
  • /47

    Starting at $1,800 Per Month

    • Studio - 2 Beds

    179 W Wilson St, Madison, WI 53703

    Welcome to The Adria, located in the heart of Madison, WI. Our modern apartments offer a range of amenities to enhance your lifestyle. Take a dip in the refreshing pool, relax in the solarium, or socialize in the community room. Stay active in our fitness center, unwind in the sauna, or enjoy some fresh air in the dog run. Keep your bike in top shape at our repair station, store your belongings

    The Adria 179 W. Wilson St.

    (608) 292-4536

    179 W Wilson St, Madison, WI 53703
  • /36

    Starting at $1,295 Per Month

    • 1 - 3 Beds

    5015 Sheboygan Ave, Madison, WI 53705

    The Monticello Apartments is a three-story Georgian style apartment complex featuring traditional style and newly renovated modernized apartments. You can't beat the location... just steps away from one-stop shopping, fine dining, and entertainment! The property is just a short walk from the newly renovated Hilldale Shopping Mall - home to Macy's, Target, Café Hollander, and numerous dining

    The Monticello

    (608) 400-4039

    5015 Sheboygan Ave, Madison, WI 53705
  • /49

    Starting at $1,005 Per Month

    • 1 Bed

    620 W Badger Rd, Madison, WI 53713

    Welcome to The Ridge Apartments, where contemporary elegance meets urban convenience for a unique Madison living experience. Explore our thoughtfully designed 1-bedroom apartments, offering modern luxury at an affordable price. Each residence at The Ridge features spacious layouts, sleek finishes, and ample natural light, ensuring comfort and style.Enjoy a range of amenities tailored to enhance

    The Ridge Apartments

    (608) 597-3223

    620 W Badger Rd, Madison, WI 53713
  • /77

    Starting at $1,395 Per Month

    • Studio - 2 Beds

    1035 Purple Iris Trail, Verona, WI 53593

    This newly built community offers sleek, black, energy star rated appliances, plank style flooring in the kitchen and living area, plush carpeted bedrooms, nine-foot-tall ceilings, in-unit laundry, solid construction, attentive professional management, and next-level amenities. Located just off Valley View Road on Madison’s west side, Ten35 West is easy to find, but will be much harder to leave!

    Ten35 West

    (608) 691-6078

    1035 Purple Iris Trail, Verona, WI 53593
  • /38

    Starting at $1,530 Per Month

    • 1 - 2 Beds

    4715 Sheboygan Ave, Madison, WI 53705

    Units available now and in 2026.All units newly renovated.The Normandy Apartment Community is located near west, in the Hilldale area,5-10 minutes from the UW-Madison Campus and the UW Hospital and on the new BRT, Bus Rapid Transit. The apartments are pretty white brick, and are in a nice setting with mature trees and a beautiful courtyard. They are 3 floors and most

    The Normandy Apartments

    (608) 413-4159

    4715 Sheboygan Ave, Madison, WI 53705
  • /63

    Starting at $1,320 Per Month

    • Studio - 2 Beds

    5103 Monona Dr, Madison, WI 53716

    Welcome to 5103 Monona Drive, a premier apartment complex located in the heart of Monona, WI. This property offers a range of amenities designed to enhance your living experience. Enjoy the convenience of an on-site Fitness Center, fully equipped with modern exercise machines to keep you fit and healthy. The Community Room is a perfect place to socialize, relax, or engage in recreational

    Mira

    (608) 949-8549

    5103 Monona Dr, Madison, WI 53716
  • /31

    Starting at $1,239 Per Month

    • Studio - 2 Beds

    4603 Diloreto Ave, Madison, WI 53704

    Stop by our beautiful clubhouse and reserve your home today! The new and charming Hidden Creek Residences introduces prosperous living to the nature of Bluff Acres with studio, one bedroom, and two bedroom floor plans. Residents will enjoy luxury apartment homes detailed with 9' ceilings, stainless steel appliances, private balconies and tastefully decorated rooftop patios.Find serenity

    Hidden Creek Residences

    (608) 292-3585

    4603 Diloreto Ave, Madison, WI 53704
  • /31

    Starting at $1,490 Per Month

    • Studio - 2 Beds

    8421 Mansion Hill Ave, Madison, WI 53719

    Waterfall

    (608) 888-2652

    8421 Mansion Hill Ave, Madison, WI 53719
  • /36

    Starting at $1,695

    Total Monthly Price

    • Studio - 3 Beds

    531 W Washington Ave, Madison, WI 53703

    Experience modern living at Virtue, a contemporary apartment community located at 531 W. Washington Avenue in the heart of downtown Madison. Designed for comfort, convenience, and connection, Virtue offers thoughtfully designed studio, one, two, and three-bedroom apartment homes with upscale finishes and exceptional community amenities.Each apartment features modern interiors including

    Virtue

    (608) 999-9284

    531 W Washington Ave, Madison, WI 53703
  • /14

    Starting at $1,585

    Total Monthly Price

    • Studio - 3 Beds

    320 S Brearly St, Madison, WI 53703

    The Penny is “Sur Le Chemin”, on the path. This new apartment community is rooted in Madison’s Marquette Neighborhood, just off Willy Street, overlooking McPike Park and directly connected to the Capital City Bike Path. Inside The Penny you will find a welcoming lobby, comfortable gathering spaces, a beautiful library, a cozy theater, and a terrace with views of the park. Just minutes from

    The Penny

    (608) 292-5859

    320 S Brearly St, Madison, WI 53703
  • /8

    Starting at $1,500

    Total Monthly Price

    • Studio - 2 Beds

    6708 Mader Dr, Madison, WI 53719

    Introducing Live McKee: Where city style meets suburban ease. Leasing will begin soon! Don't miss your chance to secure a home at the area's most anticipated new address. A home designed for professionals seeking the energy and aesthetic of downtown living without the daily grind of traffic. Live McKee is where convenience, style, amenities, and the coveted 10-minute commute converge. Strategic

    Live McKee

    (608) 410-8503

    6708 Mader Dr, Madison, WI 53719
  • /117

    Starting at $1,495 Per Month

    • Studio - 3 Beds

    9419 Modern Point Ln, Verona, WI 53593

    Luxurious Living, Suburban SettingWelcome to Two Points Crossing Apartments – a community offering an upscale lifestyle marked by the peace and quiet of a suburban neighborhood. Make our outdoor leisure spots and indoor amenities your stomping grounds and turn our luxury apartments in Madison, WI, into your private oasis of comfort.We like to see you thrive. Head to our media

    Two Points Crossing

    (608) 602-4383

    9419 Modern Point Ln, Verona, WI 53593
  • /85

    Starting at $1,850

    Total Monthly Price

    • Studio - 2 Beds

    408 E Washington Ave, Madison, WI 53703

    Ascending above East Washington Avenue just two blocks from the Capitol, The Continental is a precision blend of classical beauty, modern luxury, and extraordinary views for a downtown life that rises above expectations and lives beyond the status quo. The Continental and its floor plans were crafted with one purpose in mind: to provide a living experience that rises to your tastes and elevates

    The Continental - Live Timelessly

    (608) 688-9172

    408 E Washington Ave, Madison, WI 53703
  • /11

    Starting at $1,800

    Total Monthly Price

    • 1 - 3 Beds

    2152 Middleton Beach Rd, Middleton, WI 53562

    Lake where you live.Welcome to Allen Bay, where lakefront living meets modern comfort. Two intimate 31-residence buildings offer thoughtfully designed one-bedroom apartments, spacious two-bedrooms, and elegant three-bedroom townhomes. Gather with friends in the inviting club room, stay active in the fully equipped fitness center, and unwind on the lakeview deck. Step outside to

    Allen Bay

    (608) 440-9669

    2152 Middleton Beach Rd, Middleton, WI 53562
  • /69

    Starting at $1,239 Per Month

    • 1 - 2 Beds

    2301 Traceway Dr, Fitchburg, WI 53713

    Life at ReNew at the Greens combines comfort and style just 10 minutes from downtown Madison, where our renovated 1 and 2-bedroom apartments come complete with spacious patios overlooking the rolling greens of Nine Springs Golf Course. Whether you're swimming laps in our resort-style pool or playing a match on our tennis courts, you'll find plenty of ways to stay active and connect with neighbors

    ReNew at the Greens

    (608) 909-6070

    2301 Traceway Dr, Fitchburg, WI 53713
  • /75

    Starting at $1,395 Per Month

    • Studio - 3 Beds

    4607 Monona Dr, Monona, WI 53716

    We are open Saturdays and Sundays by appointment! Please reach out to our leasing team to schedule a tour at Bloom, where you can upgrade your living space!

    Bloom Monona Apartments

    (855) 686-4941

    4607 Monona Dr, Monona, WI 53716
  • /95

    Starting at $1,495 Per Month

    • Studio - 3 Beds

    800 W Broadway, Monona, WI 53713

    If you live in Monona, WI or are soon to be a resident, this is the place to be! You’ll love this building and the view of the riverfront! These beautiful brand-new spacious units have a modern open floor plan with a breakfast bar, stainless steel appliances, washer/dryer in units, and plenty of natural lighting. Also, onsite for your convenience is a fitness center, a rooftop terrace,

    Current 1 & 2

    (608) 527-0083

    800 W Broadway, Monona, WI 53713
  • /48

    Starting at $1,499 Per Month

    • Studio - 2 Beds

    960 John Nolen Dr, Madison, WI 53713

    Watermark Lofts, a beautiful and conveniently located development, is the ultimate in luxury and convenience. Featuring a gorgeous modern design and all the amenities you could ask for including a beautifully furnished 5000 square foot green rooftop terrace. Take in the stunning summer views of Lake Monona or enjoy our fire place, pool table, shuffle board table, and big screen HDTV during the

    Watermark Lofts

    (608) 688-6467

    960 John Nolen Dr, Madison, WI 53713
  • /84

    Starting at $1,575

    Total Monthly Price

    • Studio - 3 Beds

    309 S Blount St, Madison, WI 53703

    Bold and original, The Edge welcomes visionaries and innovators such as yourself to an ideal, intimate setting meant to nurture and support all your creative endeavors.Our bright, open-concept studios and one, two, and three-bedroom units feature premium finishes and fixtures for a tranquil and inspired life. Lofty ceilings, large balconies with views of Lake Monona, expansive windows with

    The Edge

    (608) 688-6899

    309 S Blount St, Madison, WI 53703
  • /113

    Starting at $1,365 Per Month

    • Studio - 4 Beds

    9506 Watts Rd, Verona, WI 53593

    Flexible Lease Start Dates and Short-term Options Available!The Edison symbolizes a whole new era in apartment living. Designed to connect you to your surroundings, you will find The Edison apartment community to be a welcoming place where you can work from home, as well as unwind and relax without ever leaving. Tucked away on Madison's West Side, residents will find themselves

    The Edison

    (608) 292-2161

    9506 Watts Rd, Verona, WI 53593
  • /54

    Starting at $1,375

    Total Monthly Price

    • Studio - 2 Beds

    3141 Stratton Way, Madison, WI 53719

    Nantucket is in a quiet corner of Madison's far west side. We offer a New England-style charm. This apartment community offers fourteen distinctive floor plans ranging from a cozy 535 square foot efficiency to a very large 1,500 square foot 2-bedroom apartment. The floor plan H and our floor plan DI are the two most popular floor plans. You can see all of our floor plans at out web

    Nantucket Apartments

    (833) 587-1549

    3141 Stratton Way, Madison, WI 53719
  • /128

    Starting at $1,187 Per Month

    • 1 - 2 Beds

    808 Melvin Ct, Madison, WI 53704

    Discover modern living at The Intersect, a newly built apartment community in Madison’s Carpenter-Ridgeway neighborhood designed for comfort, convenience, and connection. Our thoughtfully designed one- and two-bedroom apartments feature contemporary finishes, open layouts, efficient appliances, and comfortable living spaces that make it easy to feel at home. Located just minutes from downtown

    The Intersect

    (608) 478-8142

    808 Melvin Ct, Madison, WI 53704

Showing Results 1 - 40, Page 1 of 18

Why Live in Madison

Madison's iconic State Street connects the majestic Capitol building to the University of Wisconsin campus, creating a pedestrian paradise filled with local shops and eateries. The city embraces its location between Lakes Mendota and Monona, where residents enjoy boating, swimming, and kayaking throughout summer months. The Memorial Union Terrace provides stunning lakefront views while serving as a gathering spot for drinks and live music. The Dane County Farmers' Market, the largest producer-only market in the United States, encircles the Capitol Square every Saturday from April through November. Cultural attractions include the Overture Center for the Arts, which hosts Broadway shows and concerts, plus the free Henry Vilas Zoo and interactive Children's Museum. The dining scene features upscale establishments like L'Etoile and The Harvey House, alongside casual favorites such as Graze, which overlooks the Capitol.

The housing market presents diverse options across neighborhoods. In Dudgeon-Monroe, the median price for single family homes reaches $800,000, while Vilas commands $1,070,000. More moderate options exist in Atwood, where the median single family home price is $450,000. The median price for one-bedroom condos throughout Madison is $235,000, with two-bedroom units at $278,800. Townhomes have a median price of $517,500.

Madison's overall cost of living stands 4.9% above the national average. A family with school-age children needs approximately $110,000 annually to live comfortably, while renters should aim for $53,000. Property taxes in Dane County run 1.71%, lower than Milwaukee County at 2.04%. The city maintains strong public education, with West High School and Madison Country Day School both earning A ratings. The University of Wisconsin-Madison and Edgewood College provide higher education options. Madison Metro Transit serves the downtown area and university campus with frequent bus routes, complementing the city's 200 miles of bike trails.

Frequently Asked Questions

How much does it cost to rent a home in Madison, WI?
The median rent for a home in Madison, WI is $1,850 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, WI?
To comfortably afford the median rent in Madison, WI, a household needs to earn roughly $74,000 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 $1,850 per month in Madison, WI, renters typically need to show $5,550 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, WI?
In Madison, WI, the price-to-rent ratio is 19.0, 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.
What neighborhoods in Madison, WI are best for renting a home?
The best neighborhood for renting in Madison, WI depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Downtown Madison, Greenbush, Tenney-Lapham, Bay Creek and University Hill Farms, each with its own character and price range.

Rental Trends in Madison, WI

Rental Home Trends

Number of Homes for Rent
824
Median Rent
$1,850
Median Single Family Home Rent
$2,650
Median Townhouse Rent
$1,900
Median Condo Rent
$1,745
How to Rent a Home