Average Rent in Madison, SD
Apartments & Houses by Size

Rentometer, Inc. | Data as of 10/22/2025

Madison, South Dakota offers a welcoming blend of small‑city charm and convenient amenities, making its rental market attractive to professionals, students, and families alike. The city’s well‑maintained neighborhoods provide easy access to the vibrant downtown corridor, where boutique shops, local cafés, and cultural venues create a lively community atmosphere. Proximity to Dakota State University and Madison Regional Medical Center adds to the demand for quality housing, especially for those seeking short‑term or longer‑term leases close to campus and healthcare facilities.

Rental options in Madison are centered around modern apartment complexes that feature a variety of floor plans, with two‑bedroom units particularly popular among renters. These apartments typically fall within the $1100‑$1300 range, reflecting a balance of affordability and comfort. Many communities incorporate on‑site amenities such as fitness centers, pet‑friendly policies, and secured parking, catering to the diverse needs of residents. The surrounding area also offers convenient access to outdoor attractions like Lake Herman and the Madison Valley, providing ample opportunities for recreation and weekend getaways.

Whether you’re drawn by the historic Madison County Courthouse, the thriving arts scene along Main Street, or the serene parks and trails that weave through the city, Madison’s rental market presents a compelling choice for anyone looking to enjoy the best of South Dakota’s heartland. The blend of reliable housing options, strategic location, and a welcoming community makes Madison a standout destination for renters seeking both convenience and quality of life.

Partial Data Available: We have sufficient data for 2 Bedroom listings. Other bedroom types need more data for reliable statistics.

Madison Rent by Property Type & Bedroom Count

Property Type Bedrooms Average Median Min - Max 25th - 75th
Apartment 2 Bedroom $1,175 $1,240 $740 - $1,545 $740 - $1,545

In the current period, the average rent in Madison was $1,175 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.

Madison

Rentometer subscribers can see individual property locations on the map in addition to the heatmap. Click here to Subscribe

Data provided by Rentometer, Inc.