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Rental Market Trends in Madison, AL

What is the average rent in Madison, AL?

$1,137/month

Average Rent

791 Sq Ft

Average Apartment Size

-2.8%

Decrease in the Last Year

As of September 2025, the average rent in Madison, AL is $1,137 per month. This is 31% lower than the national average rent of $1,640/month, making renting in Madison more affordable than most cities in the US. When you rent an apartment in Madison, you can expect to pay about $980 per month for a studio, $1,137 for a one-bedroom apartment, and around $1,368 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,735 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$980/month
640 Sq Ft
One Bedroom
$1,137/month
791 Sq Ft
Two Bedroom
$1,368/month
1,127 Sq Ft
Three Bedroom
$1,735/month
1,394 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,337/month
1,027 Sq Ft
Three Bedroom
$1,841/month
685 Sq Ft
Four Bedroom
$2,313/month
1,050 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,218/month
142 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,465/month
213 Sq Ft
Three Bedroom
$2,067/month
318 Sq Ft

How much has average rent changed in Madison, AL?

In the past year, rent has decreased by 2.8%, which averages out to $31 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated September 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Madison, AL
Last Updated September 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Madison, AL
Percentage*
Rent Range
0% Below $700/month
3% $700 - $1,000/month
69% $1,001 - $1,500/month
22% $1,501 - $2,000/month
5% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Madison?

Based on current rent prices, Hawthorne at the Ridge, Stratford Square and Iredell are the most affordable neighborhoods in Madison.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Hawthorne at the Ridge
$1,139/month
796 Sq Ft
Stratford Square
$1,175/month
789 Sq Ft
Iredell
$1,256/month
745 Sq Ft
Potter's Mill
$1,256/month
750 Sq Ft
Edgewater
$1,264/month
760 Sq Ft
Fieldcrest
$1,273/month
900 Sq Ft
Chickasaw Estates
$1,357/month
734 Sq Ft
Shamrock Townhomes
$1,634/month
545 Sq Ft

What are the most expensive neighborhoods in Madison?

Based on current rent prices, Shamrock Townhomes, Chickasaw Estates and Fieldcrest are the most expensive neighborhoods in Madison.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Shamrock Townhomes
$1,634/month
545 Sq Ft
Chickasaw Estates
$1,357/month
734 Sq Ft
Fieldcrest
$1,273/month
900 Sq Ft
Edgewater
$1,264/month
760 Sq Ft
Iredell
$1,256/month
745 Sq Ft
Potter's Mill
$1,256/month
750 Sq Ft
Stratford Square
$1,175/month
789 Sq Ft
Hawthorne at the Ridge
$1,139/month
796 Sq Ft

Which Madison neighborhoods have the most rentals available?

The neighborhoods in Madison with the most apartments available are Edgewater, Hawthorne at the Ridge and Iredell .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Edgewater
$1,264/month
760 Sq Ft
Hawthorne at the Ridge
$1,139/month
796 Sq Ft
Iredell
$1,256/month
745 Sq Ft
Chickasaw Estates
$1,357/month
734 Sq Ft
Fieldcrest
$1,273/month
900 Sq Ft
Shamrock Townhomes
$1,634/month
545 Sq Ft
Stratford Square
$1,175/month
789 Sq Ft
Potter's Mill
$1,256/month
750 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Madison, AL?

Because the average rent in Madison is $1,137, you’ll want to make about $3,790 per month or $45,480 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Madison, AL

2,877 Available Apartments for Rent

Search for Nearby Apartments

How does Madison, AL compare to other nearby cities and neighborhoods?

Use the tool below to compare Madison, AL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Madison, AL

Apartment Averages

Hawthorne at the Ridge

Madison, AL

Shamrock Townhomes

Madison, AL

Studio
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-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Search
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Nearby City Rent Trends

  • Huntsville Average Rent

Apartment communities in Madison we think you'll love

The Gabriel

The Gabriel

1542 Balch Rd,
Madison, AL 35757

$1,100 - $1,875

1-3 Beds

Paxton Place Apartments

Paxton Place Apartments

286 Slaughter Rd,
Madison, AL 35758

$1,200 - $3,668

1-3 Beds

The Robert Apartments

The Robert Apartments

515 Dunlop Blvd,
Madison, AL 35824

$989 - $1,793

1-3 Beds

The Manor on County Line

The Manor on County Line

11200 Packard Dr,
Madison, AL 35756

$1,099 - $1,500

1-2 Beds

Property Management Companies in Madison, AL

Hawthorne Residential Partners
Hawthorne Residential Partners
  • 259

    Communities

  • 62,239

    Units

  • 118

    Cities

5 Communities in Madison
RAM Partners
RAM Partners
  • 293

    Communities

  • 76,772

    Units

  • 169

    Cities

4 Communities in Madison
RangeWater
RangeWater
  • 211

    Communities

  • 54,420

    Units

  • 110

    Cities

4 Communities in Madison
The Sterling Group
The Sterling Group
  • 36

    Communities

  • 9,473

    Units

  • 24

    Cities

4 Communities in Madison
MAA
MAA
  • 289

    Communities

  • 100,711

    Units

  • 115

    Cities

3 Communities in Madison
Sealy Management Co.
Sealy Management Co.
  • 42

    Communities

  • 9,078

    Units

  • 12

    Cities

3 Communities in Madison
Providian Real Estate Management
Providian Real Estate Management
  • 14

    Communities

  • 1,751

    Units

  • 7

    Cities

3 Communities in Madison
Greystar
Greystar
  • 3,377

    Communities

  • 938,058

    Units

  • 866

    Cities

2 Communities in Madison

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United States Alabama Madison Rental Trends

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 September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity