Chico vs Madison
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Madison is 2% cheaper for renters. A 2-bedroom rents for $1,038/mo vs $1,059/mo in Chico — saving $252/year.
Rent by Unit Size
| Unit Size | Chico | Madison | Difference |
|---|---|---|---|
| Studio | $698 | $676 | $22 |
| 1 Bedroom | $859 | $827 | $32 |
| 2 Bedrooms | $1,059 | $1,038 | $21 |
| 3 Bedrooms | $1,354 | $1,222 | $132 |
| 4 Bedrooms | $1,491 | $1,400 | $91 |
| Median Income | $66,884 | $64,691 | $2,193 |
Chico
- Studio
- $698/mo
- 1 BR
- $859/mo
- 2 BR
- $1,059/mo
- 3 BR
- $1,354/mo
- 4 BR
- $1,491/mo
- Median Income
- $66,884/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 Chico or Madison cheaper to rent in?
Madison is cheaper — a 2-bedroom Fair Market Rent is $1,038/mo vs $1,059/mo in Chico. That's $21/mo or $252/year more expensive in Chico (2% higher).
What is the 2-bedroom rent in Chico vs Madison?
The HUD Fair Market Rent for a 2-bedroom in Chico is $1,059/month. In Madison, a 2-bedroom FMR is $1,038/month.
How do incomes compare between Chico and Madison?
The median household income in Chico is $66,884/year. In Madison it is $64,691/year. Chico has the higher median income.
What is the studio rent in Chico vs Madison?
A studio apartment Fair Market Rent in Chico is $698/mo. In Madison it is $676/mo.