Madison vs Palm Bay-Melbourne-Titusville
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Madison is 2% cheaper for renters. A 2-bedroom rents for $1,038/mo vs $1,057/mo in Palm Bay-Melbourne-Titusville — saving $228/year.
Rent by Unit Size
| Unit Size | Madison | Palm Bay-Melbourne-Titusville | Difference |
|---|---|---|---|
| Studio | $676 | $712 | $36 |
| 1 Bedroom | $827 | $871 | $44 |
| 2 Bedrooms | $1,038 | $1,057 | $19 |
| 3 Bedrooms | $1,222 | $1,335 | $113 |
| 4 Bedrooms | $1,400 | $1,531 | $131 |
| Median Income | $64,691 | $62,156 | $2,535 |
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
Palm Bay-Melbourne-Titusville
- Studio
- $712/mo
- 1 BR
- $871/mo
- 2 BR
- $1,057/mo
- 3 BR
- $1,335/mo
- 4 BR
- $1,531/mo
- Median Income
- $62,156/yr
Frequently Asked Questions
Is Madison or Palm Bay-Melbourne-Titusville cheaper to rent in?
Madison is cheaper — a 2-bedroom Fair Market Rent is $1,038/mo vs $1,057/mo in Palm Bay-Melbourne-Titusville. That's $19/mo or $228/year more expensive in Palm Bay-Melbourne-Titusville (2% higher).
What is the 2-bedroom rent in Madison vs Palm Bay-Melbourne-Titusville?
The HUD Fair Market Rent for a 2-bedroom in Madison is $1,038/month. In Palm Bay-Melbourne-Titusville, a 2-bedroom FMR is $1,057/month.
How do incomes compare between Madison and Palm Bay-Melbourne-Titusville?
The median household income in Madison is $64,691/year. In Palm Bay-Melbourne-Titusville it is $62,156/year. Madison has the higher median income.
What is the studio rent in Madison vs Palm Bay-Melbourne-Titusville?
A studio apartment Fair Market Rent in Madison is $676/mo. In Palm Bay-Melbourne-Titusville it is $712/mo.