Apartments Near Edgewood College
Edgewood’s campus ranks 8th on the list of Madison areas with the lowest crime. The area south of it (Seminole Highway/Nakoma Road) ranks fifth, and to the north, the Regent St/Virginia Terrace area ranks first. Students here shouldn’t worry about walking around campus late at night as long as they use common sense and steer clear of the lake and arboretum south of campus after dark. Comparatively, Edgewood’s campus is much safer than the University of Wisconsin’s campus that’s closer to downtown. Madison is considered one of the best college cities in the country--it’s best known (aside from the fact that it’s Wisconsin’s capital) as the home of the University of Wisconsin’s main campus, which is located near downtown. Edgewood is a bit further away from downtown, but is impressive nonetheless. Its campus sits on Lake Wingra, and the University of Wisconsin’s beautiful arboretum (which attracts outdoor enthusiasts in the warm weather). Madison is a great city with bars, clubs, and venues designed specifically for college crowds.
Welcome to the December 2023 Madison Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2023 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.
Madison rent prices increased over the last month. From November to December, the city experienced a 0.57% increase for the price of a one-bedroom apartment. The rent price for a Madison one-bedroom apartments currently stands at $1,408.0.
When we take a look at the two-bedroom comparison from November to December, Madison experienced a 0.87% increase for the price of a two-bedroom apartment. The rent price for a Madison two-bedroom apartments currently stands at $1,615.0.
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 2 of the Madison suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rent increased in Sun Prairie, WI, De Forest, WI .
Rent decreased in Middleton, WI, Fitchburg, WI, Stoughton, WI, Verona, WI.
4 suburbs are currently priced higher than the city of Madison.
2 suburbs are currently priced lower than the city of Madison.
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.
For more information about Madison and surrounding area rent prices, take a look at the complete data set below.
|1 BR December||1 BR M/M % Change||2 BR December||2 BR M/M % Change|
|Sun Prairie, WI||$1,491.0||1.15%||$1,949.0||14.78%|
|De Forest, WI||$1,557.0||0.58%||$2,073.0||-0.24%|
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.