Evansville vs Madison
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Evansville is 50% cheaper for renters. A 2-bedroom rents for $694/mo vs $1,038/mo in Madison — saving $4,128/year.
Rent by Unit Size
| Unit Size | Evansville | Madison | Difference |
|---|---|---|---|
| Studio | $442 | $676 | $234 |
| 1 Bedroom | $564 | $827 | $263 |
| 2 Bedrooms | $694 | $1,038 | $344 |
| 3 Bedrooms | $844 | $1,222 | $378 |
| 4 Bedrooms | $981 | $1,400 | $419 |
| Median Income | $35,376 | $64,691 | $29,315 |
Evansville
- Studio
- $442/mo
- 1 BR
- $564/mo
- 2 BR
- $694/mo
- 3 BR
- $844/mo
- 4 BR
- $981/mo
- Median Income
- $35,376/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 Evansville or Madison cheaper to rent in?
Evansville is cheaper — a 2-bedroom Fair Market Rent is $694/mo vs $1,038/mo in Madison. That's $344/mo or $4,128/year more expensive in Madison (50% higher).
What is the 2-bedroom rent in Evansville vs Madison?
The HUD Fair Market Rent for a 2-bedroom in Evansville is $694/month. In Madison, a 2-bedroom FMR is $1,038/month.
How do incomes compare between Evansville and Madison?
The median household income in Evansville is $35,376/year. In Madison it is $64,691/year. Madison has the higher median income.
What is the studio rent in Evansville vs Madison?
A studio apartment Fair Market Rent in Evansville is $442/mo. In Madison it is $676/mo.