To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 5121 Merwood Lane by bedroom type below.
3 Bedroom
Suggested income:
$55,800
per year
Rent report
5121 Merwood Lane Rent vs. Madison Average
5121 Merwood Lane
Madison Average
3BR
$1,550
$2,395
$0
$800
$1,600
$2,400
$3,200
5121 Merwood Lane is asking 35%
less than the average 3 bedroom apartment in
Madison.
If you upsized to an average priced Madison 4 bedroom apartment, you would pay
7% more per month.
If you downsized to an average priced Madison 2 bedroom apartment,
you would pay 17% less per month.
5121 Merwood Lane provides 18%
more square footage than the average
Madison 3 bedroom apartment.
Monthly Rent
Rent per Sq. Ft.
Suggested Monthly Income
5121 Merwood Lane
3BR
$1,550
$1.00
$4,650
Madison Average
Studio
$1,316
$3.00
$3,949
1BR
$1,584
$2.30
$4,753
2BR
$2,052
$2.00
$6,157
3BR
$2,395
$1.80
$7,185
4BR
$2,588
$1.90
$7,765
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 2,379 2BR
units on the market in Madison. If you're looking to negotiate, this may be your best option.