Casper vs Madison
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Casper is 31% cheaper for renters. A 2-bedroom rents for $795/mo vs $1,038/mo in Madison — saving $2,916/year.
Rent by Unit Size
| Unit Size | Casper | Madison | Difference |
|---|---|---|---|
| Studio | $561 | $676 | $115 |
| 1 Bedroom | $666 | $827 | $161 |
| 2 Bedrooms | $795 | $1,038 | $243 |
| 3 Bedrooms | $1,009 | $1,222 | $213 |
| 4 Bedrooms | $1,224 | $1,400 | $176 |
| Median Income | $43,997 | $64,691 | $20,694 |
Casper
- Studio
- $561/mo
- 1 BR
- $666/mo
- 2 BR
- $795/mo
- 3 BR
- $1,009/mo
- 4 BR
- $1,224/mo
- Median Income
- $43,997/yr
Madison
- Studio
- $676/mo
- 1 BR
- $827/mo
- 2 BR
- $1,038/mo
- 3 BR
- $1,222/mo
- 4 BR
- $1,400/mo
- Median Income
- $64,691/yr
Frequently Asked Questions
Is Casper or Madison cheaper to rent in?
Casper is cheaper — a 2-bedroom Fair Market Rent is $795/mo vs $1,038/mo in Madison. That's $243/mo or $2,916/year more expensive in Madison (31% higher).
What is the 2-bedroom rent in Casper vs Madison?
The HUD Fair Market Rent for a 2-bedroom in Casper is $795/month. In Madison, a 2-bedroom FMR is $1,038/month.
How do incomes compare between Casper and Madison?
The median household income in Casper is $43,997/year. In Madison it is $64,691/year. Madison has the higher median income.
What is the studio rent in Casper vs Madison?
A studio apartment Fair Market Rent in Casper is $561/mo. In Madison it is $676/mo.