Signature Pointe
2015 E Springs Dr,
Madison, WI 53704
Studio - 3 Beds | $1,395 - $2,810
Rental Market Trends in Madison, WI
What is the average rent in Madison, WI?
$1,463/month
Average Rent
713 Sq Ft
Average Apartment Size
+2.1%
Increase in the Last Year
As of July 2025, the average rent in Madison, WI is $1,463 per month. For comparison, the national average rent price in the US is currently $1,637/month, which means Madison rent prices are 11% lower than the national average. When you rent an apartment in Madison, you can expect to pay about $1,228 per month for a studio, $1,463 for a one-bedroom apartment, and around $1,821 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,271 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Madison, WI?
In the past year, rent has increased by 2.1%, which averages out to $32 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024
2025
Rent Ranges in Madison, WI
Last Updated July 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
13%
$700 - $1,000/month
38%
$1,001 - $1,500/month
32%
$1,501 - $2,000/month
15%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Madison?
Based on current rent prices, Griffiths Beach, Sherman and Burr Oaks are the most affordable neighborhoods in Madison.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Madison?
Based on current rent prices, First Settlement, Nesbitt Valley and Poplar Creek Condominiums are the most expensive neighborhoods in Madison.
Neighborhood
Average Rent
Average Sq Ft
Which Madison neighborhoods have the most rentals available?
The neighborhoods in Madison with the most apartments available are West Madison, Downtown Madison and East Madison .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Madison, WI?
Because the average rent in Madison is $1,463, you’ll want to make about $4,876 per month or $58,512 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.
Cost of Living
The cost of living in Madison, WI is 4.9% higher than the national average. Generally, housing in Madison is 7.6% more expensive than the national average, with rent falling between $1,228 - $2,271. You can expect to pay 0.7% less for groceries, 1.1% less for utilities, and 1.4% less for transportation.
How does Madison, WI compare to other nearby cities and neighborhoods?
Use the tool below to compare Madison, WI 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.
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
Apartment communities in Madison we think you'll love
Property Management Companies in Madison, WI
Forward Management
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44
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3,604
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Oakbrook Corporation
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51
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4,965
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Wisconsin Management Company
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31
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2,350
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Bruner Realty & Management, Inc.
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17
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8
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Goldleaf Development
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13
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2,281
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3
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Prime Urban Properties
-
12
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590
Units
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2
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12 Communities in Madison
Fiduciary Real Estate Development
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36
Communities
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8,593
Units
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22
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10 Communities in Madison
Axiom Properties
-
29
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6,373
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20
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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 2025.
* Percentages may not total 100 due to rounding.