Rent in Madison, IN
A 2-bedroom in Madison, IN (ZIP 47250) typically rents for about $904 a month, with a range of $904–$1,041. Owner-occupied homes in Jefferson County pay about 0.64% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $752 | $752 | 1 |
| 1 bed | $565 | $565–$862 | 1 |
| 2 beds | $904 | $904–$1,041 | 1 |
| 3 beds | $1,032 | $1,032–$1,313 | 1 |
| 4 beds | $1,313 | $1,313–$1,636 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Madison ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Madison, IN?
- About $904 a month: the median of the typical rents in 1 ZIP code, which range from $904–$1,041. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Madison, IN?
- About $565 a month: the median of the typical rents in 1 ZIP code, which range from $565–$862. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Madison, IN?
- About $1,032 a month: the median of the typical rents in 1 ZIP code, which range from $1,032–$1,313. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Madison, IN?
- About $752 a month: the median of the typical rents in 1 ZIP code, which range from $752. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Madison, IN?
- About $1,313 a month: the median of the typical rents in 1 ZIP code, which range from $1,313–$1,636. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Madison, IN?
- Owner-occupied homes in Jefferson County pay a typical 0.64% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Madison rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).