Rentometer, Inc. | Data as of 10/23/2025
Madison County, Illinois, offers a vibrant and diverse rental landscape that balances historic charm with modern convenience. Prospective renters can choose from a broad mix of housing options, including well‑maintained single‑family homes and contemporary apartment communities. Popular neighborhoods such as Shorewood and Monticello provide easy access to Lake Mendota, the University of Wisconsin campus, and a thriving downtown scene, while the quieter suburbs of Verona and Stoughton attract families seeking spacious yards and top‑rated schools. This blend of urban amenities and suburban tranquility makes the county a sought‑after destination for students, professionals, and growing families alike.
The rental market reflects this variety, with studios and one‑bedroom apartments generally positioned in the $800‑$1,200 range, offering affordable entry points for students and young professionals. Two‑ and three‑bedroom units typically fall between $1,200 and $1,500, while larger four‑plus bedroom apartments command prices in the $1,300‑$1,400 bracket. Single‑family homes follow a similar tiered structure: one‑bedroom houses hover around the $900 mark, two‑bedroom homes approach $1,300, and spacious three‑bedroom residences are priced near $1,800. Premium four‑plus bedroom homes often reach the $2,200 range, reflecting their extensive living space and desirable locations near parks and schools.
Beyond pricing, Madison County’s rental inventory benefits from a strong transportation network, including major highways and public transit routes that connect residents to Madison’s cultural attractions, shopping districts, and recreational areas. Whether you’re seeking a compact studio steps from campus or a larger family home in a leafy suburb, the county’s balanced mix of affordability, convenience, and quality of life continues to draw renters from across the Midwest.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $884 | $884 | $620 - $1,149 | $620 - $1,149 |
| Apartment | 1 Bedroom | $1,214 | $1,015 | $595 - $2,000 | $895 - $1,499 |
| Apartment | 2 Bedroom | $1,196 | $1,051 | $680 - $2,920 | $912 - $1,200 |
| Apartment | 3 Bedroom | $1,422 | $1,235 | $800 - $2,400 | $1,125 - $1,590 |
| Apartment | 4+ Bedroom | $1,365 | $1,355 | $700 - $1,920 | $809 - $1,920 |
| House | 1 Bedroom | $952 | $750 | $575 - $2,200 | $650 - $1,095 |
| House | 2 Bedroom | $1,319 | $1,150 | $775 - $2,795 | $1,000 - $1,500 |
| House | 3 Bedroom | $1,820 | $1,700 | $850 - $4,250 | $1,325 - $2,100 |
| House | 4+ Bedroom | $2,219 | $1,995 | $1,095 - $4,250 | $1,695 - $2,800 |
In the current period, the average rent in Madison was $948 for Studio, $1,103 for 1 Bedroom, $1,267 for 2 Bedroom, $1,729 for 3 Bedroom, and $2,045 for 4+ Bedroom.
Data provided by Rentometer, Inc.