Lafayette vs Madison
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lafayette is 40% cheaper for renters. A 2-bedroom rents for $741/mo vs $1,038/mo in Madison — saving $3,564/year.
Rent by Unit Size
| Unit Size | Lafayette | Madison | Difference |
|---|---|---|---|
| Studio | $502 | $676 | $174 |
| 1 Bedroom | $626 | $827 | $201 |
| 2 Bedrooms | $741 | $1,038 | $297 |
| 3 Bedrooms | $958 | $1,222 | $264 |
| 4 Bedrooms | $1,134 | $1,400 | $266 |
| Median Income | $38,989 | $64,691 | $25,702 |
Lafayette
- Studio
- $502/mo
- 1 BR
- $626/mo
- 2 BR
- $741/mo
- 3 BR
- $958/mo
- 4 BR
- $1,134/mo
- Median Income
- $38,989/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 Lafayette or Madison cheaper to rent in?
Lafayette is cheaper — a 2-bedroom Fair Market Rent is $741/mo vs $1,038/mo in Madison. That's $297/mo or $3,564/year more expensive in Madison (40% higher).
What is the 2-bedroom rent in Lafayette vs Madison?
The HUD Fair Market Rent for a 2-bedroom in Lafayette is $741/month. In Madison, a 2-bedroom FMR is $1,038/month.
How do incomes compare between Lafayette and Madison?
The median household income in Lafayette is $38,989/year. In Madison it is $64,691/year. Madison has the higher median income.
What is the studio rent in Lafayette vs Madison?
A studio apartment Fair Market Rent in Lafayette is $502/mo. In Madison it is $676/mo.