Lexington-Fayette vs Madison
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lexington-Fayette is 14% cheaper for renters. A 2-bedroom rents for $913/mo vs $1,038/mo in Madison — saving $1,500/year.
Rent by Unit Size
| Unit Size | Lexington-Fayette | Madison | Difference |
|---|---|---|---|
| Studio | $595 | $676 | $81 |
| 1 Bedroom | $719 | $827 | $108 |
| 2 Bedrooms | $913 | $1,038 | $125 |
| 3 Bedrooms | $1,047 | $1,222 | $175 |
| 4 Bedrooms | $1,300 | $1,400 | $100 |
| Median Income | $47,838 | $64,691 | $16,853 |
Lexington-Fayette
- Studio
- $595/mo
- 1 BR
- $719/mo
- 2 BR
- $913/mo
- 3 BR
- $1,047/mo
- 4 BR
- $1,300/mo
- Median Income
- $47,838/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 Lexington-Fayette or Madison cheaper to rent in?
Lexington-Fayette is cheaper — a 2-bedroom Fair Market Rent is $913/mo vs $1,038/mo in Madison. That's $125/mo or $1,500/year more expensive in Madison (14% higher).
What is the 2-bedroom rent in Lexington-Fayette vs Madison?
The HUD Fair Market Rent for a 2-bedroom in Lexington-Fayette is $913/month. In Madison, a 2-bedroom FMR is $1,038/month.
How do incomes compare between Lexington-Fayette and Madison?
The median household income in Lexington-Fayette is $47,838/year. In Madison it is $64,691/year. Madison has the higher median income.
What is the studio rent in Lexington-Fayette vs Madison?
A studio apartment Fair Market Rent in Lexington-Fayette is $595/mo. In Madison it is $676/mo.