What is the average rent of an apartment in Madison, IN?

The average rent of an apartment in Madison, IN is $1,150 per month. This is about 41% lower than the national average.

When is the average rent for an apartment cheapest in Madison, IN?

In the last year, the average rent in Madison, IN was lowest in Mar 2025 when it was $950 per month.

In the last year, the average rent in Madison, IN was highest in May 2025 when it was $1,340 per month.

There are 1 available apartments or condos to rent in Madison, IN.

Madison, IN includes zip codes such as: 47250 , 47231 , 47224 .

Some nearby cities include: Canaan , Dupont , Brooksburg , Milton , Cross Plains . These cities may have more rental options to explore.

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PET FRIENDLY
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1 Bed
1 Bath
3010 Sunrise Crossing Blvd #4c2c8bf65,
Madison, IN 47250
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APPLY INSTANTLY
$1,150/mo
1 Bed
1 Bath
600 sqft
403 Mill St #1,
Madison, IN 47250
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Apartments For Rent Near Madison, IN

Rent in Madison, IN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.

Average rent for a apartment increased in Aug 2026 compared to the previous month. Rent for apartments peaked in May 2025.

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In August 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.

	1 bed	2 beds	3 beds	4 beds	All
All home types	$1,150	$1,600	$1,800	—	$1,600
Apartments and Condos	$1,100	—	$1,157	—	$1,100
Houses	$1,195	$1,600	$1,800	—	$1,650

What is the average rent of an apartment in Madison, IN?
The average rent of an apartment in Madison, IN is $1,150 per month. This is about 41% lower than the national average.
When is the average rent for an apartment cheapest in Madison, IN?
In the last year, the average rent in Madison, IN was lowest in Mar 2025 when it was $950 per month.
When is the average rent for an apartment most expensive in Madison, IN?
In the last year, the average rent in Madison, IN was highest in May 2025 when it was $1,340 per month.
How many apartments or condos are available to rent in Madison, IN?
There are 1 available apartments or condos to rent in Madison, IN.
What are some zip codes in Madison, IN?
Madison, IN includes zip codes such as: 47250, 47231, 47224.
What are some cities near Madison, IN?
Some nearby cities include: Canaan, Dupont, Brooksburg, Milton, Cross Plains. These cities may have more rental options to explore.