Madison vs Racine
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Racine is 31% cheaper for renters. A 2-bedroom rents for $794/mo vs $1,038/mo in Madison — saving $2,928/year.
Rent by Unit Size
| Unit Size | Madison | Racine | Difference |
|---|---|---|---|
| Studio | $676 | $508 | $168 |
| 1 Bedroom | $827 | $641 | $186 |
| 2 Bedrooms | $1,038 | $794 | $244 |
| 3 Bedrooms | $1,222 | $1,002 | $220 |
| 4 Bedrooms | $1,400 | $1,141 | $259 |
| Median Income | $64,691 | $42,267 | $22,424 |
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
Racine
- Studio
- $508/mo
- 1 BR
- $641/mo
- 2 BR
- $794/mo
- 3 BR
- $1,002/mo
- 4 BR
- $1,141/mo
- Median Income
- $42,267/yr
Frequently Asked Questions
Is Madison or Racine cheaper to rent in?
Racine is cheaper — a 2-bedroom Fair Market Rent is $794/mo vs $1,038/mo in Madison. That's $244/mo or $2,928/year more expensive in Madison (31% higher).
What is the 2-bedroom rent in Madison vs Racine?
The HUD Fair Market Rent for a 2-bedroom in Madison is $1,038/month. In Racine, a 2-bedroom FMR is $794/month.
How do incomes compare between Madison and Racine?
The median household income in Madison is $64,691/year. In Racine it is $42,267/year. Madison has the higher median income.
What is the studio rent in Madison vs Racine?
A studio apartment Fair Market Rent in Madison is $676/mo. In Racine it is $508/mo.