Great Falls vs Madison
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Great Falls is 31% cheaper for renters. A 2-bedroom rents for $791/mo vs $1,038/mo in Madison — saving $2,964/year.
Rent by Unit Size
| Unit Size | Great Falls | Madison | Difference |
|---|---|---|---|
| Studio | $519 | $676 | $157 |
| 1 Bedroom | $625 | $827 | $202 |
| 2 Bedrooms | $791 | $1,038 | $247 |
| 3 Bedrooms | $997 | $1,222 | $225 |
| 4 Bedrooms | $1,047 | $1,400 | $353 |
| Median Income | $41,522 | $64,691 | $23,169 |
Great Falls
- Studio
- $519/mo
- 1 BR
- $625/mo
- 2 BR
- $791/mo
- 3 BR
- $997/mo
- 4 BR
- $1,047/mo
- Median Income
- $41,522/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 Great Falls or Madison cheaper to rent in?
Great Falls is cheaper — a 2-bedroom Fair Market Rent is $791/mo vs $1,038/mo in Madison. That's $247/mo or $2,964/year more expensive in Madison (31% higher).
What is the 2-bedroom rent in Great Falls vs Madison?
The HUD Fair Market Rent for a 2-bedroom in Great Falls is $791/month. In Madison, a 2-bedroom FMR is $1,038/month.
How do incomes compare between Great Falls and Madison?
The median household income in Great Falls is $41,522/year. In Madison it is $64,691/year. Madison has the higher median income.
What is the studio rent in Great Falls vs Madison?
A studio apartment Fair Market Rent in Great Falls is $519/mo. In Madison it is $676/mo.