Luxury Apartments for Rent in Madison, SD
14 rentals
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1-2 Beds
1-2 BathsLake Area Townhomes Phase IIB | 415 SE 8th St #54c720e78,
Madison, SD 57042
Use arrow keys to navigate$855 - $1,590/mo1-2 Beds1-3 BathsLake Area Townhomes Phase I | 418 SW 8th St #b0e668702,
Madison, SD 57042
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Use arrow keys to navigatePET FRIENDLY$1,050 - $1,350/moStudio-2 Beds1 BathWashington Flats | 1034 Washington Ave S #fb5e49851,
Madison, SD 57042
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Apartments For Rent Near Madison, SD
We found 30 more apartments matching your filters just outside Madison
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FURNISHED$925 - $1,800/moStudio-2 Beds1 BathParagon on Campanile | 618 Campanile Ave #4480a2ca3,
Brookings, SD 57006
SPECIAL OFFERPET FRIENDLY$1,031 - $1,740/moStudio-2 Beds1-2 BathsForte of Brookings | 2123 Tallgrass Pkwy #3034,
Brookings, SD 57006
SPECIAL OFFERPET FRIENDLY$890 - $1,700/moStudio-2 Beds1-2 BathsApartments @ Trails Head | 1130 Main Ave S #4263a2952,
Brookings, SD 57006
SPECIAL OFFERPET FRIENDLY$1,220 - $1,670/mo1-3 Beds1-2 BathsReserve Flats | 1800 Christine Ave #1730-RF28,
Brookings, SD 57006
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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.
| Month | Average 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 |
Average Rent By Bedroom and Home Type
In May 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 | $855 | $970 | $1,150 | — | $985 |
| Apartments and Condos | — | $850 | $1,400 | — | $850 |
| Houses | — | $850 | $1,150 | — | $1,150 |
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?