Madison vs Reno
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Madison is 16% cheaper for renters. A 2-bedroom rents for $1,038/mo vs $1,208/mo in Reno — saving $2,040/year.
Rent by Unit Size
| Unit Size | Madison | Reno | Difference |
|---|---|---|---|
| Studio | $676 | $773 | $97 |
| 1 Bedroom | $827 | $946 | $119 |
| 2 Bedrooms | $1,038 | $1,208 | $170 |
| 3 Bedrooms | $1,222 | $1,422 | $200 |
| 4 Bedrooms | $1,400 | $1,636 | $236 |
| Median Income | $64,691 | $59,858 | $4,833 |
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
Reno
- Studio
- $773/mo
- 1 BR
- $946/mo
- 2 BR
- $1,208/mo
- 3 BR
- $1,422/mo
- 4 BR
- $1,636/mo
- Median Income
- $59,858/yr
Frequently Asked Questions
Is Madison or Reno cheaper to rent in?
Madison is cheaper — a 2-bedroom Fair Market Rent is $1,038/mo vs $1,208/mo in Reno. That's $170/mo or $2,040/year more expensive in Reno (16% higher).
What is the 2-bedroom rent in Madison vs Reno?
The HUD Fair Market Rent for a 2-bedroom in Madison is $1,038/month. In Reno, a 2-bedroom FMR is $1,208/month.
How do incomes compare between Madison and Reno?
The median household income in Madison is $64,691/year. In Reno it is $59,858/year. Madison has the higher median income.
What is the studio rent in Madison vs Reno?
A studio apartment Fair Market Rent in Madison is $676/mo. In Reno it is $773/mo.