Apartments in Madison

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A Local Perspective

Madison is a progressive, fast-growing city and is home to the University of Wisconsin and the Wisconsin State Capitol. It is located on an isthmus and surrounded by four lakes, the largest being Lake Monona and Lake Mendota.

Well known for its active lifestyle, Madison has an extensive network of trails, parks, and natural areas; it is also an ideal place for bikers and pedestrians. The downtown Madison area has a wide selection of restaurants, bars, museums, music venues, and local businesses.

Finding a Madison Apartment

When to search

Madison is Wisconsin's fastest growing city, so housing can get pretty competitive. Most leases begin August 1st or 15th, but try to begin your apartment hunting in November to have the best selection.

Staying in the know


You're likely to live, play, and shop in your neighborhood. The UW Madison campus and student housing occupies a fourth of the city, while the business professional downtown areas and hipster east-side comprise almost all the rest. Here's some of the most popular neighborhoods to help you get sorted.

Apartments in Cities Near Madison

May Rent Report

Welcome to the May 2022 Madison Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2022 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 average rent prices in the chart below.

Monthly Rent Report

Madison Rent Prices Increase From April to May

Madison rent prices increased over the last month. From April to May, the city experienced a 5.17% increase for the price of a one-bedroom apartment. The rent price for a Madison one-bedroom apartments currently stands at $1,200.0.

When we take a look at the two-bedroom comparison from April to May, Madison experienced a 2.23% increase for the price of a two-bedroom apartment. The rent price for a Madison two-bedroom apartments currently stands at $1,421.0.

May Prices: Madison vs. Surrounding Areas

Rent Prices in Madison and Surrounding Areas

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 3 of the Madison suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Sun Prairie, WI, Verona, WI, De Forest, WI .

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

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

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

May 2022 Pricing Trends: Madison vs. National Comparisons

Madison Rent Prices More Affordable Than Major Cities

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 average 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 Rentable's May 2022 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 May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Madison, WI $1,141.0 3.92% $1,390.0 2.06%
Fitchburg, WI $1,224.0 0.00% $1,419.0 0.64%
Middleton, WI $1,393.0 -0.71% $1,879.0 -0.95%
Sun Prairie, WI $1,316.0 1.08% $1,550.0 1.11%
Verona, WI $1,139.0 5.66% $1,315.0 0.92%
Maple Bluff, WI $1,674.0 -0.36% $3,060.0 0.00%
De Forest, WI $1,153.0 0.52% $1,499.0 -0.20%


Each month, using over 1 million Rentable 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.