Idaho Falls vs Madison
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Idaho Falls is 16% cheaper for renters. A 2-bedroom rents for $897/mo vs $1,038/mo in Madison — saving $1,692/year.
Rent by Unit Size
| Unit Size | Idaho Falls | Madison | Difference |
|---|---|---|---|
| Studio | $583 | $676 | $93 |
| 1 Bedroom | $710 | $827 | $117 |
| 2 Bedrooms | $897 | $1,038 | $141 |
| 3 Bedrooms | $1,089 | $1,222 | $133 |
| 4 Bedrooms | $1,288 | $1,400 | $112 |
| Median Income | $42,238 | $64,691 | $22,453 |
Idaho Falls
- Studio
- $583/mo
- 1 BR
- $710/mo
- 2 BR
- $897/mo
- 3 BR
- $1,089/mo
- 4 BR
- $1,288/mo
- Median Income
- $42,238/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 Idaho Falls or Madison cheaper to rent in?
Idaho Falls is cheaper — a 2-bedroom Fair Market Rent is $897/mo vs $1,038/mo in Madison. That's $141/mo or $1,692/year more expensive in Madison (16% higher).
What is the 2-bedroom rent in Idaho Falls vs Madison?
The HUD Fair Market Rent for a 2-bedroom in Idaho Falls is $897/month. In Madison, a 2-bedroom FMR is $1,038/month.
How do incomes compare between Idaho Falls and Madison?
The median household income in Idaho Falls is $42,238/year. In Madison it is $64,691/year. Madison has the higher median income.
What is the studio rent in Idaho Falls vs Madison?
A studio apartment Fair Market Rent in Idaho Falls is $583/mo. In Madison it is $676/mo.