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Madison, SD

Area Guide

Avg Rent

$856

Population

6,061

Renter Mix

41% Rent

Small town charm exudes from this South Dakota suburb

Affordable Suburban University

Surrounded by rural South Dakota, Madison is a quaint city offering affordable rentals and a small town way of life. Home to Dakota State University, Madison has a college town vibe and a youthful presence, as well as a family-friendly atmosphere. Though Madison is mostly made up of residential neighborhoods, there are various local and chain dining options and an array of small businesses that keep this city as convenient as possible.

The closest major metropolis to Madison is Sioux Falls. Residents can get to this sprawling urban oasis in about an hour. Residents can take Highway 34 to get onto Interstate 29, located just a few miles east of town. Historic homes, public schools, churches, and community parks make up this peaceful suburb of South Dakota.

Demographics

Median Household Income

$59,038

Average: $71,414

Education

1,585

Residents Have a Degree

Job Market

3,211

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

35 Years

Largest Age Group

20-29 Years

Approximately 18% of Residents

Under 20

25%

Over 65

19%

Housing Distribution

Madison has more homeowners than renters.

Renters
41%
Non-Renters
59%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
20%
Other Education
80%

Rent Trends

As of June 2026, the average apartment rent in Madison, SD is $1,050 for a studio, $856 for one bedroom, $933 for two bedrooms, and $1,228 for three bedrooms. Apartment rent in Madison has increased by 1.9% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$856/month
382 Sq Ft
See Rental Market Trends in Madison, SD

Getting Around

Fairly Walkable

Walkability

50 / 100

Exceptionally Drivable

Drivability

100 / 100

Fairly Bikeable

Bikeability

40 / 100

Schools

Madison Elementary School - 07

Public

Grades K-5

508 Students

Rustic Acres Elementary - 04

Public

Grades K-8

36 Students

Madison Middle School - 02

Public

Grades 6-8

257 Students

Rustic Acres Elementary - 04

Public

Grades K-8

36 Students

Madison High School - 01

Public

Grades 9-12

382 Students

Points of Interest

Parks and Recreation

  • Lake Herman State Park
  • Walkers Point Recreation Area

Airports

  • Joe Foss Field

Top Apartments in Madison

Houses for Rent in Madison

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Nearby City Rentals

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Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.