Rent in Madison, MN
A 2-bedroom in Madison, MN (ZIP 56256) typically rents for about $796 a month, with a range of $796–$1,014. Owner-occupied homes in Lac qui Parle County pay about 0.90% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $706 | $706 | 1 |
| 1 bed | $841 | $841 | 1 |
| 2 beds | $796 | $796–$1,014 | 1 |
| 3 beds | $958 | $958–$1,404 | 1 |
| 4 beds | $830 | $830–$1,481 | 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, MN?
- About $796 a month: the median of the typical rents in 1 ZIP code, which range from $796–$1,014. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Madison, MN?
- About $841 a month: the median of the typical rents in 1 ZIP code, which range from $841. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Madison, MN?
- About $958 a month: the median of the typical rents in 1 ZIP code, which range from $958–$1,404. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Madison, MN?
- About $706 a month: the median of the typical rents in 1 ZIP code, which range from $706. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Madison, MN?
- About $830 a month: the median of the typical rents in 1 ZIP code, which range from $830–$1,481. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Madison, MN?
- Owner-occupied homes in Lac qui Parle County pay a typical 0.90% 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 7.32% in the week of Oct 22, 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).