Madison vs Raleigh-Cary
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Madison is 6% cheaper for renters. A 2-bedroom rents for $1,038/mo vs $1,097/mo in Raleigh-Cary — saving $708/year.
Rent by Unit Size
| Unit Size | Madison | Raleigh-Cary | Difference |
|---|---|---|---|
| Studio | $676 | $760 | $84 |
| 1 Bedroom | $827 | $928 | $101 |
| 2 Bedrooms | $1,038 | $1,097 | $59 |
| 3 Bedrooms | $1,222 | $1,435 | $213 |
| 4 Bedrooms | $1,400 | $1,556 | $156 |
| Median Income | $64,691 | $70,678 | $5,987 |
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
Raleigh-Cary
- Studio
- $760/mo
- 1 BR
- $928/mo
- 2 BR
- $1,097/mo
- 3 BR
- $1,435/mo
- 4 BR
- $1,556/mo
- Median Income
- $70,678/yr
Frequently Asked Questions
Is Madison or Raleigh-Cary cheaper to rent in?
Madison is cheaper — a 2-bedroom Fair Market Rent is $1,038/mo vs $1,097/mo in Raleigh-Cary. That's $59/mo or $708/year more expensive in Raleigh-Cary (6% higher).
What is the 2-bedroom rent in Madison vs Raleigh-Cary?
The HUD Fair Market Rent for a 2-bedroom in Madison is $1,038/month. In Raleigh-Cary, a 2-bedroom FMR is $1,097/month.
How do incomes compare between Madison and Raleigh-Cary?
The median household income in Madison is $64,691/year. In Raleigh-Cary it is $70,678/year. Raleigh-Cary has the higher median income.
What is the studio rent in Madison vs Raleigh-Cary?
A studio apartment Fair Market Rent in Madison is $676/mo. In Raleigh-Cary it is $760/mo.