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Rental Market Trends in Madison, AL

Updated September 2026

The average rent in Madison, AL is $1,142/month.

Rent in Madison is 31% lower than the national average rent of $1,664/month, making this one of the less expensive cities statewide.

$1,142/month

Average Rent

793 Sq Ft

Average Size

-0.5%

Change / Year

2,119

Available Apartments

Madison rent varies by unit size and layout:

  • Studio apartments in Madison average $952 per month.
  • One-bedroom apartments in Madison average $1,142 per month.
  • Two-bedroom apartments in Madison average $1,366 per month.
  • Three-bedroom apartments in Madison average $1,671 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$952/month
616 Sq Ft
One Bedroom
$1,142/month
793 Sq Ft
Two Bedroom
$1,366/month
1,146 Sq Ft
Three Bedroom
$1,671/month
1,491 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$1,203/month
598 Sq Ft
Three Bedroom
$1,916/month
713 Sq Ft
Four Bedroom
$2,246/month
1,088 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$1,461/month
399 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Three Bedroom
$2,167/month
674 Sq Ft
View Madison Apartments

How much has average rent changed in Madison, AL?

In the past year, rent has decreased by 0.5%, which averages out to $5 less per month.

Market Trends Over Time

September 2026

2025 2026
Market Trends Over Time

Rent Ranges in Madison, AL

September 2026
$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
64% $1,001 - $1,500/month
25% $1,501 - $2,000/month
7% Above $2,000/month

Rent by Neighborhood

  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Madison?

Based on current rent prices, Edgewater is the most affordable neighborhood in Madison.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Edgewater
$1,213/month
769 Sq Ft

What are the most expensive neighborhoods in Madison?

Based on current rent prices, Edgewater is the most expensive neighborhood in Madison.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Edgewater
$1,213/month
769 Sq Ft

Which Madison neighborhoods have the most rentals available?

The neighborhood in Madison with the most apartments available is Edgewater .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Edgewater
$1,213/month
769 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 $1,142, you’ll want to make about $3,806 per month or $45,672 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

2,119 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.

View the Madison Area Guide

Apartment Averages

Edgewater

Madison, AL

Edgewater

Madison, AL

Studio
$1,138/month
$1,138/month
One Bedroom
$1,130/month
$1,130/month
Two Bedroom
$1,377/month
$1,377/month
Three Bedroom
$1,547/month
$1,547/month
View Rentals
View Rentals

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Huntsville

    Huntsville

    Avg Rent: $1,084/month

  • Harvest

    Harvest

    Avg Rent: $1,154/month

  • Athens

    Athens

    Avg Rent: $960/month

Apartment Communities in Madison We Think You'll Love

Revere at River Landing

Revere at River Landing

30 E Revere Blvd,
Madison, AL 35756

1-3 Beds | $1,069 - $1,529

1010 Elliston

1010 Elliston

1010 Elliston Pl NW,
Madison, AL 35757

Studio - 3 Beds | $899 - $1,499

Brio Parc Apartments & Townhomes

Brio Parc Apartments & Townhomes

29889 Conquest Ct. NW,
Madison, AL 35756

1-3 Beds | $1,163 - $3,125

Paxton Place Apartments

Paxton Place Apartments

286 Slaughter Rd,
Madison, AL 35758

1-3 Beds | $1,089 - $2,117

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Frequently Asked Questions

What is the average rent in Madison?

The average rent in Madison is $1,142 per month, which is 31.4% lower than the national average of $1,664.

What is the average rent for a house in Madison?

The average rent for a house in Madison, AL is $1,916 per month.

Are rents going up or down in Madison?

Rents in Madison, AL are decreasing, with prices down 0.5% year-over-year and $5 less per month.

What rent range is most common in Madison?

In Madison, AL, 64% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

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 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.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity