What's the average rent in Madison, SD?

Rental Market Trends in Madison, SD

SOURCE: TRULIA DATA

Rental market highlights

As of October 2026, the average rent in Madison, SD is $1,200 per month, which is 38% lower than the national average rent of $1,932 per month.

AVERAGE RENT

$1,200

23.1%$225 increase month-over-month

26.3%$250 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,087

HOUSES

$2,239

TOWNHOUSES

$2,300

As of October 2026, apartments are the most affordable rental option in Madison, SD at $1,087 per month, while townhomes are the most expensive at $2,300 per month. Houses average $2,239 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$855
2 Bedrooms	$1,200
3 Bedrooms	$1,075
4 Bedrooms	$2,239
All	$1,200

As of October 2026, the average rent for a 1 bedroom rental in Madison, SD is $855 per month, followed by $1,200 for a 2 bedroom rental, $1,075 for a 3 bedroom rental, and $2,239 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	—
3 Bedrooms	—
4 Bedrooms	$2,300
All	$2,300

Floor plan type	Average rent
1 Bedroom	$850
2 Bedrooms	$1,200
3 Bedrooms	$1,075
4 Bedrooms	—
All	$1,200

As of October 2026, the average rent for a 1 bedroom apartment in Madison, SD is $850 per month, followed by $1,200 for a 2 bedroom apartment, and $1,075 for a 3 bedroom apartment.