Apartments For Rent in Madison, SD

14 rentals

Apartments For Rent Near Madison, SD

We found 30 more apartments matching your filters just outside Madison

What Locals Say about Madison

  • George O. H.
    "It’s a college town in a red state. You have the quaintness and politeness of small town America with more than average tolerance for progressives than you might find in parts of the state that aren’t areas of higher learning. Also, it’s just plain pretty here. Winters are rough but I think their worth it. "
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  • George O. H.
    "Moved here from Hawaii and love the seasons for a change. The people are friendly. The town is peaceful. Not too far from Sioux Falls. "
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  • Jerry F.
    "I've been visiting a friend who lives here for a year now. I come up almost every week. Madison is a typical small SD university town but still manages to be cozy and friendly. Even with me not living here, I'm still greeted like a regular by the friendly employees at the local Sunshine grocery store. Madison places a high value on manners, hospitality and a high standard of living. Crime is almost non-existent. I think Madison is one of the few places I'd actually feel safe enough to leave my home unlocked if I had errands to run. There are excellent fishing opportunities around town with numerous lakes almost in walking distance. There isn't a fast-paced big city feel here. There aren't a huge number of stores to shop from but there is enough to get along fine and for more intrepid folks, Brookings and Sioux Falls are not far away and offer more shopping/nightlife choices. Madison is a great place to raise kids or retire if you're looking to slow down and relax. People are extremely friendly. There are homes to fit every budget here from what I've seen. Many of the available properties are from the last century and mostly have managed to escape the blight of "improvements" that ruin their exterior character. Madison is one of the places that still exhibits plenty of pride of home ownership. Sidewalks get cleared quickly after a snowfall, the streets get cleaned fast too. There is high speed Internet, decent cell coverage and a state university (DSU) here as well."
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Average Rent Trends in Madison, SD

Rent in Madison, SD varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Apr 2026 compared to the previous month. Rent previously peaked in Oct 2025.
MonthAverage rent
May 2025$775
Jun 2025$850
Jul 2025$750
Aug 2025$835
Sep 2025$100
Oct 2025$1,350
Nov 2025$1,350
Dec 2025$600
Jan 2026$650
Feb 2026$750
Mar 2026$925
Apr 2026$990
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
1 bed2 beds3 beds4 bedsAll
All home types$849$850$1,150$2,200$1,000
Townhomes——$1,650$2,200$1,650
Apartments and Condos—$850$1,000—$1,000
Houses——$1,150—$1,150
See more information about local market trends in Madison, SD

Frequently Asked Questions about Rentals in Madison, SD

  • What is the average rent in Madison, SD?
    The average rent in Madison, SD is $985. Rent prices range from $100 to as much as $2,700, depending on the type of rental.
  • How does the rent in Madison, SD compare to the national average?
    Average rent in Madison, SD is about 48% lower than the national average rent of $1,910. That means it is less expensive to rent in Madison compared to the U.S. average.
  • What is the average rent in Madison, SD, by number of bedrooms?
    The average rent in Madison, SD is $520 for a studio, $855 for a 1 bedroom, $970 for a 2 bedroom, $1,150 for a 3 bedroom, and $ for a 4 bedroom.
  • How have rent prices in Madison, SD changed compared to last year?
    In the past year, the average rent price in Madison, SD has increased by $210. That means the average rent is 21% higher than last year.
  • How many available rental listings are in Madison, SD?
    There are 14 available rental listings in Madison, SD.
  • What are some zip codes in Madison, SD?
    Madison, SD includes zip codes such as: 57042.
  • What are some cities near Madison, SD?
    Some nearby cities include: Wentworth, Ramona, Winfred, Rutland, Chester. These cities may have more rental options to explore.