Rentometer, Inc. | Data as of 10/23/2025
Madison, Alabama, blends Southern charm with a vibrant, modern lifestyle, making it a top destination for renters seeking both convenience and community. Nestled just north of Birmingham, the city offers easy access to major highways, a thriving downtown district, and a range of cultural attractions including the historic downtown square, local art galleries, and community festivals. Excellent schools, abundant green spaces, and a growing tech corridor add to the appeal for professionals, families, and students alike.
The rental market in Madison features a balanced mix of apartments and single‑family homes, catering to diverse housing preferences. Apartment studios commonly fall in the $1100‑$1200 range, while one‑bedroom units are typically priced around the $1200‑$1300 mark. Two‑bedroom apartments often range from $1300 to $1400, and larger three‑ and four‑plus bedroom units reach the $1700‑$2000 and $1900‑$2300 ranges respectively. For houses, one‑bedroom rentals usually sit in the $1000‑$1100 bracket, two‑bedroom homes around $1400, three‑bedroom properties near $1900, and larger family homes often command $2300‑$2500, reflecting the city’s strong demand for spacious, move‑in‑ready living.
Neighborhoods such as West Madison, Monticello, and the Riverchase area provide distinct flavors, from quiet suburban streets to lively mixed‑use developments near shopping and dining hubs. Proximity to the University of Alabama at Birmingham, Huntsville’s aerospace corridor, and numerous recreational trails makes Madison an attractive base for commuters and remote workers. With its blend of modern amenities, strong rental inventory, and welcoming community atmosphere, Madison continues to stand out as a premier rental destination in Alabama.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,176 | $1,149 | $975 - $1,408 | $1,095 - $1,296 |
| Apartment | 1 Bedroom | $1,220 | $1,164 | $310 - $2,074 | $1,099 - $1,299 |
| Apartment | 2 Bedroom | $1,398 | $1,298 | $900 - $2,450 | $1,162 - $1,603 |
| Apartment | 3 Bedroom | $1,805 | $1,688 | $1,145 - $3,500 | $1,408 - $1,975 |
| Apartment | 4+ Bedroom | $2,269 | $1,950 | $1,755 - $2,950 | $1,895 - $2,799 |
| House | 1 Bedroom | $1,014 | $995 | $950 - $1,099 | $950 - $1,099 |
| House | 2 Bedroom | $1,418 | $1,375 | $950 - $1,950 | $1,100 - $1,750 |
| House | 3 Bedroom | $1,977 | $1,895 | $1,200 - $5,400 | $1,700 - $2,100 |
| House | 4+ Bedroom | $2,522 | $2,292 | $1,495 - $7,500 | $2,000 - $2,800 |
In the current period, the average rent in Madison was $1,176 for Studio, $1,209 for 1 Bedroom, $1,403 for 2 Bedroom, $1,951 for 3 Bedroom, and $2,280 for 4+ Bedroom.
Data provided by Rentometer, Inc.