The Vilas Neighborhood is another downtown Madison neighborhood that transitions from a student-dominated neighborhood to family-friendly in a matter of blocks.
The blocks closest to Regent Street, including Regent St. down to Mound St. and Chandler St. are mostly occupied by University of Wisconsin students.
As you move South, the neighborhood becomes more residential and family-oriented, though students and young professionals will still pop up on occasion. They tend to occupy the two or three level flats, some of which are quite vintage.
While many people choose this neighborhood because it is close to the University of Wisconsin-Madison campus and two of the cities larger hospitals, the Vilas Neighborhood offers its own unique set of attractions as well.
Madison's free (and pretty impressive) Henry Vilas Zoo borders the southern end of the neighborhood, along with the large Vilas park and its corresponding lake, Lake Wingra.
Just beyond that is the famous Arboretum - probably the best place in Madison to get away from the city life and enjoy being fully immersed in nature.
The Vilas Neighborhood is also bordered on its West side by Monroe St., a mini-hub of Madison activity which includes a Trader Joe's, Mound Street Yoga and some of Madison's favorite restaurants, such as Mickies Dairy Bar.
If you're not sure how much an apartment will cost, the table below shows the average price by size.
Welcome to the September 2021 Madison Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the September 2021 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 decreased over the last month. From August to September, the city experienced a -2.24% decrease for the price of a one-bedroom apartment. The rent price for a Madison one-bedroom apartments currently stands at $1,176.0.
When we take a look at the two-bedroom comparison from August to September, Madison experienced a -2.13% decrease for the price of a two-bedroom apartment. The rent price for a Madison two-bedroom apartments currently stands at $1,380.0.
Rent prices have decreased 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 Middleton, WI, Fitchburg, WI, Maple Bluff, WI .
Rent decreased in Sun Prairie, WI, Verona, WI, Waunakee, WI, Cottage Grove, WI.
5 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 declining. 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 September 2021 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.
| 1 BR September | 1 BR M/M % Change | 2 BR September | 2 BR M/M % Change | |
|---|---|---|---|---|
| Madison, WI | $1,203.0 | -0.82% | $1,410.0 | -1.47% |
| Middleton, WI | $1,325.0 | 0.61% | $1,675.0 | -0.06% |
| Fitchburg, WI | $1,243.0 | 0.57% | $1,425.0 | -0.63% |
| Sun Prairie, WI | $1,213.0 | -0.08% | $1,492.0 | 1.02% |
| Verona, WI | $1,206.0 | 0.00% | $1,371.0 | -2.77% |
| Maple Bluff, WI | $1,658.0 | 0.18% | $3,060.0 | 0.00% |
| Waunakee, WI | $1,172.0 | -2.01% | $1,698.0 | -0.12% |
| Cottage Grove, WI | $1,114.0 | -0.27% | $1,502.0 | 0.07% |
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.