North Madison renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in North Madison is about $1,009 per month. This puts it in the 84th percentile compared to the state average cost of rent, which is $964. Households in North Madison have a median income of $4,456 per month so the average renter in North Madison is spending roughly 23% of their earnings on housing.
Nationally, and in North Madison, home values are the data point most closely correlated with the cost of rent. The median price of a home in North Madison is $118,254 right now, which is lower than nearby cities, meaning that rents in North Madison also tend to be lower versus these nearby cities.
Higher rent prices are common in the eastern parts of North Madison while lower rent rates are often available in southern areas.
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