Rent in Madison, WI
Across Madison's 24 ZIP codes, a 2-bedroom typically rents for about $1,565 a month, with figures from $1,271–$1,887. The highest typical rent is in 53718 ($1,887) and the lowest in 53713 ($1,271). 12 ZIPs have ZIP-level figures from HUD or Census; the other 12 use the county Fair Market Rent. Owner-occupied homes in Dane County pay about 1.63% 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 | $1,196 | $536–$1,365 | 24 |
| 1 bed | $1,375 | $941–$1,456 | 24 |
| 2 beds | $1,565 | $1,271–$1,887 | 24 |
| 3 beds | $2,047 | $1,479–$2,647 | 24 |
| 4 beds | $2,264 | $1,428–$2,500 | 24 |
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 beds- 53701$1,565
- 53702$1,565
- 53703$1,565–$1,711
- 53704$1,328–$1,565
- 53705$1,465–$1,565
- 53706$1,565
- 53707$1,565
- 53708$1,565
- 53711$1,414–$1,565
- 53713$1,271–$1,565
- 53714$1,295–$1,565
- 53715$1,505–$1,565
- 53716$1,386–$1,565
- 53717$1,558–$1,565
- 53718$1,565–$1,887
- 53719$1,565–$1,682
- 53725$1,565
- 53726$1,565–$1,701
- 53744$1,565
- 53777$1,565
- 53783$1,565
- 53784$1,565
- 53788$1,565
- 53792$1,565
Frequently asked questions
- What is the average rent for a 2-bedroom in Madison, WI?
- About $1,565 a month: the median of the typical rents in 24 ZIP codes, which range from $1,271–$1,887. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Madison, WI?
- About $1,375 a month: the median of the typical rents in 24 ZIP codes, which range from $941–$1,456. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Madison, WI?
- About $2,047 a month: the median of the typical rents in 24 ZIP codes, which range from $1,479–$2,647. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Madison, WI?
- About $1,196 a month: the median of the typical rents in 24 ZIP codes, which range from $536–$1,365. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Madison, WI?
- About $2,264 a month: the median of the typical rents in 24 ZIP codes, which range from $1,428–$2,500. Figures are gross rent (rent plus tenant-paid utilities).
- Which Madison ZIP code has the highest rent?
- For a 2-bedroom, 53718 has the highest typical rent at $1,887 a month, and 53713 the lowest at $1,271.
- What is the property tax rate in Madison, WI?
- Owner-occupied homes in Dane County pay a typical 1.63% 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).