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Rental Market Trends in Madison, AL

What is the average rent in Madison, AL?

$1,124/month

Average Rent

794 Sq Ft

Average Apartment Size

-1.6%

Decrease in the Last Year

As of October 2025, the average rent in Madison, AL is $1,124 per month. This is 31% lower than the national average rent of $1,630/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 $998 per month for a studio, $1,124 for a one-bedroom apartment, and around $1,356 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,688 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$998/month
617 Sq Ft
One Bedroom
$1,124/month
794 Sq Ft
Two Bedroom
$1,356/month
1,149 Sq Ft
Three Bedroom
$1,688/month
1,495 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,331/month
706 Sq Ft
Three Bedroom
$1,850/month
509 Sq Ft
Four Bedroom
$2,459/month
1,068 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,185/month
260 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,502/month
110 Sq Ft
Three Bedroom
$1,995/month
263 Sq Ft

How much has average rent changed in Madison, AL?

In the past year, rent has decreased by 1.6%, which averages out to $17 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 October 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Madison, AL
Last Updated October 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Madison, AL
Percentage*
Rent Range
0% Below $700/month
5% $700 - $1,000/month
67% $1,001 - $1,500/month
21% $1,501 - $2,000/month
7% 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, Potter's Mill, Hawthorne at the Ridge and Cross Creek are the most affordable neighborhoods in Madison.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Potter's Mill
$1,084/month
750 Sq Ft
Hawthorne at the Ridge
$1,106/month
800 Sq Ft
Cross Creek
$1,125/month
784 Sq Ft
Fieldcrest
$1,213/month
903 Sq Ft
Stratford Square
$1,228/month
851 Sq Ft
The Grand Reserve at Madison
$1,255/month
922 Sq Ft
Edgewater
$1,257/month
780 Sq Ft
Colonial Grand at Madison
$1,262/month
861 Sq Ft
Chickasaw Estates
$1,285/month
735 Sq Ft
Iredell
$1,305/month
739 Sq Ft

What are the most expensive neighborhoods in Madison?

Based on current rent prices, Shamrock Townhomes, Mountain Brook of Madison and Iredell are the most expensive neighborhoods in Madison.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Shamrock Townhomes
$1,580/month
554 Sq Ft
Mountain Brook of Madison
$1,436/month
817 Sq Ft
Iredell
$1,305/month
739 Sq Ft
Chickasaw Estates
$1,285/month
735 Sq Ft
Colonial Grand at Madison
$1,262/month
861 Sq Ft
Edgewater
$1,257/month
780 Sq Ft
The Grand Reserve at Madison
$1,255/month
922 Sq Ft
Stratford Square
$1,228/month
851 Sq Ft
Fieldcrest
$1,213/month
903 Sq Ft
Cross Creek
$1,125/month
784 Sq Ft

Which Madison neighborhoods have the most rentals available?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Edgewater
$1,257/month
780 Sq Ft
Chickasaw Estates
$1,285/month
735 Sq Ft
Hawthorne at the Ridge
$1,106/month
800 Sq Ft
Fieldcrest
$1,213/month
903 Sq Ft
Stratford Square
$1,228/month
851 Sq Ft
Mountain Brook of Madison
$1,436/month
817 Sq Ft
Shamrock Townhomes
$1,580/month
554 Sq Ft
The Grand Reserve at Madison
$1,255/month
922 Sq Ft
Colonial Grand at Madison
$1,262/month
861 Sq Ft
Iredell
$1,305/month
739 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 $1,124, you’ll want to make about $3,746 per month or $44,952 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

3,022 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

Potter's Mill

Madison, AL

Shamrock Townhomes

Madison, AL

Studio
-
-
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 - $1,680

1-3 Beds

1010 Elliston

1010 Elliston

1010 Elliston Pl NW,
Madison, AL 35757

$999 - $1,550

Studio - 3 Beds

Brio Parc Apartments & Townhomes

Brio Parc Apartments & Townhomes

29889 Conquest Ct. NW,
Madison, AL 35756

$1,059 - $3,160

1-3 Beds

Belle Mor Luxury Apartments

Belle Mor Luxury Apartments

240 Kirby Ln,
Madison, AL 35757

$1,106 - $2,892

1-3 Beds

Property Management Companies in Madison, AL

Hawthorne Residential Partners
Hawthorne Residential Partners
  • 254

    Communities

  • 59,563

    Units

  • 115

    Cities

5 Communities in Madison
RAM Partners
RAM Partners
  • 287

    Communities

  • 76,669

    Units

  • 167

    Cities

4 Communities in Madison
RangeWater
RangeWater
  • 216

    Communities

  • 54,674

    Units

  • 115

    Cities

4 Communities in Madison
The Sterling Group, Inc.
The Sterling Group, Inc.
  • 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
  • 15

    Communities

  • 1,799

    Units

  • 8

    Cities

3 Communities in Madison
Greystar
Greystar
  • 3,438

    Communities

  • 948,899

    Units

  • 872

    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