Rentometer, Inc. | Data as of 10/23/2025
Madrid, Iowa, offers a charming small‑city atmosphere with a strong sense of community, convenient access to the Des Moines metropolitan area, and a blend of historic charm and modern amenities. Residents enjoy well‑maintained parks, local festivals, and a convenient downtown district filled with boutique shops, cafes, and family‑friendly restaurants. The city’s proximity to major highways and its reputation for excellent schools make it an appealing choice for professionals, families, and retirees seeking a balanced lifestyle in the heart of Iowa.
The rental market in Madrid is primarily composed of apartments, with a variety of floor plans that cater to different household sizes. For larger families, three‑bedroom apartments are a popular option, typically falling within the $900‑$1,050 range, with median rents hovering around the $950 mark. These spacious units often feature modern finishes, on‑site laundry facilities, and easy access to community amenities such as fitness centers and landscaped courtyards. Because the market is largely apartment‑focused, renters can expect a consistent selection of well‑maintained properties that meet contemporary living standards.
Neighborhoods such as the historic Riverside district and the newer Greenfield subdivision each provide a distinct living experience, from tree‑lined streets and historic homes to newer developments with quick access to shopping and dining. Notable landmarks include the iconic Madrid City Hall, the scenic Lake Waupun nearby, and the vibrant community theater that hosts local productions throughout the year. Whether you’re looking for a quiet retreat or an active social scene, Madrid’s rental market offers a welcoming environment for a wide range of lifestyle preferences.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 3 Bedroom | $1,019 | $949 | $949 - $1,099 | $949 - $1,099 |
In the current period, the average rent in Madrid was $1,020 for 3 Bedroom.
Data provided by Rentometer, Inc.