Apartments in Sherman Madison

91 - 105 of 105 Results
9
3D Tour
$1,590 - 3,650
4.2
1010 E Washington Ave Madison, WI
Studio - 2 BR | Available Now
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Furnished
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
16
$1,495
1003 E Mifflin St Madison, WI
Studio | Jun. 1, 2024
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Cat Friendly
Virtual Tour
Luxury
Income Restricted
Section 8
10
$1,150
Madison, WI
2 BR | Available Now
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Dog Friendly
Cat Friendly
Surface Parking
Balcony/Deck/Patio
Storage
$1,100
3802 Lien Rd Madison, WI
1 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Greater Sandburg
$4,200
940
940 E Dayton St Madison, WI
5 BR | Jun. 1, 2024
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Balcony/Deck/Patio
Dishwasher
Tenney-Lapham
1
$1,620
Madison, WI
2 BR | Aug. 15, 2024
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Dog Friendly
Cat Friendly
Virtual Tour
House
Storage
1
$1,055 - 1,220
Madison, WI
2 BR | Ask for Availability
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Furnished
Old Market Place
14
$710 - 1,010
Madison, WI
1 BR | Ask for Availability
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Heat Included
Balcony/Deck/Patio
Old Market Place
7
$2,160
810
810 E Gorham St Madison, WI
3 BR | Aug. 15, 2024
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Storage
Tenney-Lapham
1
$1,215 - 1,555
Madison, WI
2 - 3 BR | Ask for Availability
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House
Dishwasher
Old Market Place
16
$1,495
416 N Livingston Madison, WI
1 BR | Aug. 1, 2024
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Heat Included
Storage
Old Market Place
9
$2,270
745 E Gorham St Madison, WI
3 BR | Aug. 1, 2024
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Storage
Tenney-Lapham
12
$2,195
302 N Livingston St Madison, WI
2 BR | Aug. 15, 2024
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Dog Friendly
Cat Friendly
Student
Air Conditioning
In Unit Laundry
1
$1,265 - 1,440
Madison, WI
2 - 3 BR | Ask for Availability
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Heat Included
House
Balcony/Deck/Patio
Old Market Place
2
$1,050
Monona, WI
Studio - 1 BR | Available Now
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Cat Friendly
Storage
Lake Edge
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Madison:
May Rent Report

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 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

$1,750
$1,310
$880
$440
$0
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
1 BR       2 BR

Madison Rent Prices Increase From April to May

Madison rent prices increased over the last month. From April to May, the city experienced a 1.95% increase for the price of a one-bedroom apartment. The rent price for a Madison one-bedroom apartments currently stands at $1,414.0.

When we take a look at the two-bedroom comparison from April to May, Madison experienced a 0.78% increase for the price of a two-bedroom apartment. The rent price for a Madison two-bedroom apartments currently stands at $1,689.0.

May Prices: Madison vs. Surrounding Areas

Middleton, WI
Verona, WI
De Forest, WI
Sun Prairie, WI
Madison, WI
Waunakee, WI
Stoughton, WI
Fitchburg, WI
$1,638
$1,634
$1,521
$1,516
$1,452
$1,335
$1,333
$1,312
$0
$550
$1,100
$1,650
$2,200
Median 1 BR Rent

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, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Fitchburg, WI, Verona, WI, Waunakee, WI .

  • Rent decreased in Sun Prairie, WI, Middleton, WI, De Forest, WI, Stoughton, WI.

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

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

May 2024 Pricing Trends: Madison vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Madison, WI
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,056
$3,039
$2,377
$2,336
$1,913
$1,452
$1,300
$1,283
$1,178
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

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.

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 $1,452.0 2.69% $1,714.0 1.48%
Sun Prairie, WI $1,516.0 -2.32% $2,149.0 -3.93%
Fitchburg, WI $1,312.0 5.30% $1,568.0 6.16%
Middleton, WI $1,638.0 -0.73% $2,271.0 0.27%
De Forest, WI $1,521.0 -0.39% $1,906.0 2.31%
Verona, WI $1,634.0 2.32% $1,726.0 5.89%
Waunakee, WI $1,335.0 0.15% $1,748.0 0.00%
Stoughton, WI $1,333.0 -3.06% $1,216.0 -8.91%

Methodology

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.