Madison, AL Rental Market Trends
Last updated: May 17, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Madison is $1,360, a 1.07% decrease compared to the previous year, when the average rent was $1,374.
One-bedroom apartments provide 797 square feet for $1,182, balancing privacy and affordability.
Two-beedroom units at $1,392 offer 1,149 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,425 sq ft) for $1,672, suitable for larger households.
Average rent in Madison, AL
Last updated: May 17, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,360 | 1,062 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,182 | 797 sq. ft. |
| 2 Beds | $1,392 | 1,149 sq. ft. |
| 3 Beds | $1,672 | 1,425 sq. ft. |
Madison, AL rent trends
Rental prices in Madison, AL have decreased by 1.07% over the past year. The average rent moved from $1,374 to $1,360.
What's the typical rent budget in Madison, AL?
The largest share of rentals in Madison, AL (67%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Madison, AL?
5,854 or 26% of the households in Madison, AL are renter-occupied while 16,642 or 74% are owner-occupied.
Most affordable neighborhoods in Madison?
Westgate $1,166/month
Palmer Park $1,197/month
Iredell - Woodmill Trace $1,332/month
All of these neighborhoods fall below the city wide average of $1,360/month.Most expensive neighborhoods in Madison?
Edgewater - Mountain Brook $1,438/month
Madison Park Apartments $1,466/month
Downtown Madison $1,631/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Madison, AL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Downtown Madison | $1,631 |
| Madison Park Apartments | $1,466 |
| Edgewater - Mountain Brook | $1,438 |
| Spencer Place | $1,373 |
| Buchanan Estates - Colonial Promenade | $1,338 |
| Iredell - Woodmill Trace | $1,332 |
| Palmer Park | $1,197 |
| Westgate | $1,166 |
/
Madison | Rent Comparison by Neighborhood
Rent in Buchanan Estates - Colonial Promenade is 18% lower than in Downtown Madison
$1,338
Buchanan Estates - Colonial Promenade rent is 2% lower than Madison average
Average Rent
$1,338
$1,631
Downtown Madison rent is 20% higher than Madison average
Average Rent
$1,631
How Madison Compares to Other Cities
| City | Average Rent |
|---|---|
| Madison | $1,360 |
| Birmingham | $1,362 |
| Huntsville | $1,252 |
| Mobile | $1,181 |
| Bessemer | $977 |
| Montgomery | $1,084 |
| Tuscaloosa | $1,490 |
| Hoover | $1,294 |
| Vestavia Hills | $1,573 |
| Auburn | $2,018 |
| Homewood | $1,384 |
| Decatur | $953 |
| Athens | $1,249 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Madison apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.