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 July 2026, the average rent in Madison, IN is $1,250 per month, which is 36% lower than the national average rent of $1,965 per month.
AVERAGE RENT
$1,250
-30.6%-$550 decrease month-over-month
-7.4%-$100 decrease 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 | $1,250 |
| 3 Bedrooms | $1,201 |
| 4 Bedrooms | — |
| All | $1,250 |
As of July 2026, the average rent for a 1 bedroom rental in Madison, IN is $891 per month, followed by $1,250 for a 2 bedroom rental, and $1,201 for a 3 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $1,150 |
As of July 2026, the average rent for a 1 bedroom apartment in Madison, IN is $1,150 per month, followed by $1,250 for a 2 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,195 |
| 2 Bedrooms | — |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | — |
| All | $1,500 |
As of July 2026, the average rent for a 1 bedroom house in Madison, IN is $1,195 per month, followed by $1,500 for a 3 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has decreased by -8% compared to the previous year, which is a $105 decrease.
This year (2026)
Last year (2025)
Rent distribution
88% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $900 to $1,500.
