What's the average rent in Madison, IN?
Rental Market Trends in Madison, IN
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SOURCE: TRULIA DATA
Rental market highlights
As of May 2026, the average rent in Madison, IN is $1,100 per month, which is 43% lower than the national average rent of $1,930 per month.
AVERAGE RENT
$1,100
8.4%$85 increase month-over-month
6.6%$68 increase year-over-year
AVAILABLE RENTALS
6
APARTMENTS
HOUSES
TOWNHOUSES
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $891 |
| 2 Bedrooms | $975 |
| 3 Bedrooms | $1,201 |
| 4 Bedrooms | — |
| All | $1,100 |
As of May 2026, the average rent for a 1 bedroom rental in Madison, IN is $891 per month, followed by $975 for a 2 bedroom rental, and $1,201 for a 3 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,100 |
| 2 Bedrooms | — |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | — |
| All | $1,150 |
As of May 2026, the average rent for a 1 bedroom apartment in Madison, IN is $1,100 per month, followed by $1,150 for a 3 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $975 |
| 3 Bedrooms | $4,600 |
| 4 Bedrooms | — |
| All | $1,400 |
As of May 2026, the average rent for a 2 bedroom house in Madison, IN is $975 per month, followed by $4,600 for a 3 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has decreased by -7% compared to the previous year, which is a $80 decrease.
This year (2026)
Last year (2025)
Rent distribution
75% of rentals have rent of $3,800-$4,999/month
Rental price range
The price range for rentals is $891 to $5,000.
