Madison vs Milwaukee-Waukesha
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Milwaukee-Waukesha is 10% cheaper for renters. A 2-bedroom rents for $941/mo vs $1,038/mo in Madison — saving $1,164/year.
Rent by Unit Size
| Unit Size | Madison | Milwaukee-Waukesha | Difference |
|---|---|---|---|
| Studio | $676 | $640 | $36 |
| 1 Bedroom | $827 | $760 | $67 |
| 2 Bedrooms | $1,038 | $941 | $97 |
| 3 Bedrooms | $1,222 | $1,181 | $41 |
| 4 Bedrooms | $1,400 | $1,384 | $16 |
| Median Income | $64,691 | $63,161 | $1,530 |
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
Milwaukee-Waukesha
- Studio
- $640/mo
- 1 BR
- $760/mo
- 2 BR
- $941/mo
- 3 BR
- $1,181/mo
- 4 BR
- $1,384/mo
- Median Income
- $63,161/yr
Frequently Asked Questions
Is Madison or Milwaukee-Waukesha cheaper to rent in?
Milwaukee-Waukesha is cheaper — a 2-bedroom Fair Market Rent is $941/mo vs $1,038/mo in Madison. That's $97/mo or $1,164/year more expensive in Madison (10% higher).
What is the 2-bedroom rent in Madison vs Milwaukee-Waukesha?
The HUD Fair Market Rent for a 2-bedroom in Madison is $1,038/month. In Milwaukee-Waukesha, a 2-bedroom FMR is $941/month.
How do incomes compare between Madison and Milwaukee-Waukesha?
The median household income in Madison is $64,691/year. In Milwaukee-Waukesha it is $63,161/year. Madison has the higher median income.
What is the studio rent in Madison vs Milwaukee-Waukesha?
A studio apartment Fair Market Rent in Madison is $676/mo. In Milwaukee-Waukesha it is $640/mo.