Middleton is an affluent suburb just west of downtown Madison. It’s no cookie-cutter suburb, however: Its pioneer-era roots as a trading post stretch back as long as Madison’s, and the town has a character and feel all its own. (This despite the fact that it is in fact named after another city: Middletown, CT.)
Middleton offers small-time charm with close proximity to metropolitan life. The population, as of 2010, is 17,442, many of them commuters into Madison proper. The town also houses several major employers: Capital Brewing, Electronic Theater Controls, and The American Girl Company (yes, that American Girl). And Middleton is also home to one of Wisconsin’s weirdest tourist attractions, The National Mustard Museum. Founded by former Assistant Attorney General of Wisconsin Barry Levenson, the museum features over 5,000 mustard jars, numerous displays about the history, science, and production of mustard, and a deluxe tasting room, in which visitors are encouraged to sample the popular condiment.
Middleton is known for its leafy, quiet streets and good schools — in 2014, Middleton High was named the #1 high school in the state of Wisconsin. Such excellence should come as no surprise, given the number of UW professors who live in the area. Over 25% of Middleton, or as it is unofficially known, The Good Neighbor City, is open space, and there are over 1000 acres dedicated to parks and conservancy areas. Municipal services like the town’s award-winning library and the state-of-the-art, 900-seat Performing Arts Center are well-funded and popular with residents.
Shopping and dining follows University Avenue, which runs east-to-west through town. East of Highway 12, you’ll find the west-side location of Madison’s popular Willy Street Co-op, as well as Middleton’s quaint downtown, home to Capital Brewing, the Mustard Museum, and a host of other local bars and restaurants. West of 12 lies a large business park, containing a few national chains (Costco, P.F. Chang’s, etc) and Wisconsin’s largest craft distillery, Death’s Door Spirits.
The rental market in Middleton is less undergraduate-dominated than many other areas in Madison, and caters to an older, slightly more affluent crowd. A number of upscale apartment complexes provide most of the available apartments.
Welcome to the December 2023 Middleton 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 Middleton rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Middleton 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 Middleton average rent prices in the chart below.
Middleton rent prices decreased over the last month. From November to December, the city experienced a -1.32% decrease for the price of a one-bedroom apartment. The rent price for a Middleton one-bedroom apartments currently stands at $1,718.0.
When we take a look at the two-bedroom comparison from November to December, Middleton experienced a 0.9% increase for the price of a two-bedroom apartment. The rent price for a Middleton two-bedroom apartments currently stands at $2,141.0.
Rent prices have decreased in Middleton over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Middleton suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rents did not increase in any of the Middleton suburbs
Rents did not decrease in any of the Middleton suburbs.
Rent growth in Middleton over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Middleton average rent prices appear to be relatively affordable for local residents.
The price for a Middleton 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 Middleton 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|
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.