Demand is larger than supply.........currently there are very few rentals available in Madison that fall into the $1500-$2000/mo. range. Your home would rent very quickly if you fell within that range.
There are 8 annual rents ranging from $2900. to $975. per mo and from 530 sf to 2723sf right now in Madison. There are an additional 5 homes that are renting month to month ranging from $22,000 to $2900.per month. These are generally summer rents. Condition of the home and amenities will play a big role in pricing your rental. You can expect to get between $1100 and $2000./mo depending on the location and condition. Let me know if you would like any further information.
It depends on the time of year. The Spring and Summer markets are the most active months and rentals can go quite quickly. Other factors: Is it an annual rental? Furnished or unfurnished? North or south end of town? Does it have AC? Beach rights?