Apartments in Maple-Prairie Madison

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$2,190
8118 Blakton Rd Madison, WI
3 BR | Available Now
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$1,835
8118 Blakton Rd Madison, WI
2 BR | Available Now
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$1,420
8118 Blakton Rd Madison, WI
1 BR | Available Now
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$1,370
8118 Blakton Rd Madison, WI
1 BR | Available Now
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Madison West
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$1,370
8102 Blakton Rd Madison, WI
1 BR | Available Now
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Madison West
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$2,190
8102 Blakton Rd Madison, WI
3 BR | Available Now
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Madison West
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$1,490
8102 Blakton Rd Madison, WI
1 BR | Available Now
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Madison West
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$1,460
8126 Blakton Rd Madison, WI
1 BR | Available Now
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Madison West
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$1,745
8126 Blakton Rd Madison, WI
2 BR | Available Now
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Madison West
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$1,370
8126 Blakton Rd Madison, WI
1 BR | Available Now
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Madison West
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$2,190
8126 Blakton Rd Madison, WI
3 BR | Available Now
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Madison West
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$1,150
Kottke Dr Madison, WI
1 BR | Feb. 1, 2025
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$1,395
360 Prairie Way Blvd Verona, WI
2 BR | Available Now
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$1,154
325 Prairie Way Blvd Verona, WI
1 BR | Nov. 26, 2024
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$1,400 - 1,800
10-28 Heritage Circle Madison, WI
2 - 3 BR | Available Now
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Madison:
November Rent Report

Welcome to the November 2024 Madison Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Madison rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Madison and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Madison average rent prices in the chart below.

Monthly Rent Report

$1,800
$1,350
$900
$450
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Madison Rent Prices Increase From October to November

Madison rent prices increased over the last month. From October to November, the city experienced a 0.06% increase for the price of a one-bedroom apartment. The rent price for a Madison one-bedroom apartments currently stands at $1,584.0.

When we take a look at the two-bedroom comparison from October to November, Madison experienced a 0.94% increase for the price of a two-bedroom apartment. The rent price for a Madison two-bedroom apartments currently stands at $1,714.0.

November Prices: Madison vs. Surrounding Areas

Middleton, WI
Verona, WI
Madison, WI
De Forest, WI
Fitchburg, WI
Sun Prairie, WI
Monona, WI
$1,670
$1,647
$1,583
$1,399
$1,392
$1,304
$1,118
$0
$550
$1,100
$1,650
$2,200
Median 1 BR Rent

Rent Prices in Madison and Surrounding Areas

Rent prices have increased in Madison over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Madison suburb increased last month. On the other hand, 5 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Verona, WI .

  • Rent decreased in Fitchburg, WI, Middleton, WI, Sun Prairie, WI, De Forest, WI, Monona, WI.

  • 2 suburbs are currently priced higher than the city of Madison.

  • 4 suburbs are currently priced lower than the city of Madison.

November 2024 Pricing Trends: Madison vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Madison, WI
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,211
$3,115
$2,373
$2,354
$1,903
$1,583
$1,338
$1,246
$1,202
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Madison Rent Prices More Affordable Than Major Cities

Rent growth in Madison over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Madison average rent prices appear to be relatively affordable for local residents.

The price for a Madison one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Madison and surrounding area rent prices, take a look at the complete data set below.

Data set for Madison and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
Madison, WI $1,583.0 -0.13% $1,698.0 0.12%
Fitchburg, WI $1,392.0 -2.18% $1,621.0 -1.94%
Middleton, WI $1,670.0 -0.06% $2,080.0 -1.61%
Sun Prairie, WI $1,304.0 -3.05% $1,646.0 -5.89%
Verona, WI $1,647.0 1.17% $2,073.0 1.32%
De Forest, WI $1,399.0 0.00% $1,874.0 0.32%
Monona, WI $1,118.0 -0.89% $1,603.0 4.50%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.