Apartments Under $900 in Madison, WI: May Rental Information
Welcome to the May 2024 Madison Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Madison rental landscape.
Our experts analyze the inventory trends for apartments under $900 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Madison and surrounding areas. This summary also provides insights into available features and amenities, as well as location options for apartments under $900 in Madison.
Rental prices in Madison have been steadily increasing, with a high demand for affordable housing options. As of the May 2024 Madison Apartment Report, the average rent for apartments under $900 is $850, which is slightly below the national average. Availability is relatively stable, with multiple options available in various neighborhoods. Amenities such as in-unit laundry, pet-friendly policies, and off-street parking are commonly found in these affordable apartments. With a variety of locations within Madison, renters have the opportunity to find a convenient and comfortable apartment within their budget.
This month, the typical cost to rent a one-bedroom apartment in Madison stands at $1,590, with the majority falling between $920 and $2,190. Out of the 4,393 one-bedroom apartments currently on the market in Madison, 184 are priced below $900, accounting for 4% of the total available one-bedroom units in Madison.
Available Apartments Under $900: Madison vs. Surrounding Areas
Madison, WI
Fitchburg, WI
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The chart above showcases the number of available apartments under $900 in Madison, WI and its surrounding cities as of May 2024. The surrounding cities included in the chart are Maple Bluff, Marshall, Mazomanie, McFarland, Middleton, Prairie du Sac, Stoughton, Monona, Sun Prairie, Mount Horeb, Columbus, Lake Mills, Cottage Grove, Cross Plains, New Glarus, De Forest, Deerfield, Black Earth, Verona, Lodi, Blue Mounds, Sauk City, Waterloo, Oregon, Waunakee, Arena, Fitchburg, Monticello, Poynette, and Cambridge. This data provides a comprehensive overview of the rental market in the Madison, WI metro area, giving prospective renters valuable information on the range of affordable options currently available. The chart reflects the total inventory of apartments under $900 in the metro area, giving renters a sense of the availability and competition for these affordable rentals.
Apartments Under $900 Now vs. Last Month: Madison and Surrounding Areas