To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 5103 Merwood Lane by bedroom type below.
2 Bedroom
Suggested income:
$50,200
per year
Rent report
5103 Merwood Lane Rent vs. Madison Average
5103 Merwood Lane
Madison Average
2BR
$1,395
$2,059
$0
$700
$1,400
$2,100
$2,800
5103 Merwood Lane is asking 32%
less than the average 2 bedroom apartment in
Madison.
If you upsized to an average priced Madison 3 bedroom apartment, you would pay
14% more per month.
If you downsized to an average priced Madison 1 bedroom apartment,
you would pay 30% less per month.
5103 Merwood Lane provides 36%
more square footage than the average
Madison 2 bedroom apartment.
Monthly Rent
Rent per Sq. Ft.
Suggested Monthly Income
5103 Merwood Lane
2BR
$1,395
$1.00
$4,185
Madison Average
Studio
$1,312
$3.00
$3,937
1BR
$1,583
$2.30
$4,749
2BR
$2,059
$2.00
$6,177
3BR
$2,397
$1.80
$7,192
4BR
$2,552
$1.80
$7,655
Availability in Madison
In order to find the best deal, you need to know what types of units are available. Property managers may be willing to
give concessions if they have many vacant units.
There are currently 2,373 2BR
units on the market in Madison. If you're looking to negotiate, this may be your best option.