Charlotte-Concord-Gastonia vs Madison
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Madison is 4% cheaper for renters. A 2-bedroom rents for $1,038/mo vs $1,084/mo in Charlotte-Concord-Gastonia — saving $552/year.
Rent by Unit Size
| Unit Size | Charlotte-Concord-Gastonia | Madison | Difference |
|---|---|---|---|
| Studio | $724 | $676 | $48 |
| 1 Bedroom | $881 | $827 | $54 |
| 2 Bedrooms | $1,084 | $1,038 | $46 |
| 3 Bedrooms | $1,328 | $1,222 | $106 |
| 4 Bedrooms | $1,555 | $1,400 | $155 |
| Median Income | $63,227 | $64,691 | $1,464 |
Charlotte-Concord-Gastonia
- Studio
- $724/mo
- 1 BR
- $881/mo
- 2 BR
- $1,084/mo
- 3 BR
- $1,328/mo
- 4 BR
- $1,555/mo
- Median Income
- $63,227/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 Charlotte-Concord-Gastonia or Madison cheaper to rent in?
Madison is cheaper — a 2-bedroom Fair Market Rent is $1,038/mo vs $1,084/mo in Charlotte-Concord-Gastonia. That's $46/mo or $552/year more expensive in Charlotte-Concord-Gastonia (4% higher).
What is the 2-bedroom rent in Charlotte-Concord-Gastonia vs Madison?
The HUD Fair Market Rent for a 2-bedroom in Charlotte-Concord-Gastonia is $1,084/month. In Madison, a 2-bedroom FMR is $1,038/month.
How do incomes compare between Charlotte-Concord-Gastonia and Madison?
The median household income in Charlotte-Concord-Gastonia is $63,227/year. In Madison it is $64,691/year. Madison has the higher median income.
What is the studio rent in Charlotte-Concord-Gastonia vs Madison?
A studio apartment Fair Market Rent in Charlotte-Concord-Gastonia is $724/mo. In Madison it is $676/mo.