Madison vs Salem
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Madison is 10% cheaper for renters. A 2-bedroom rents for $1,038/mo vs $1,137/mo in Salem — saving $1,188/year.
Rent by Unit Size
| Unit Size | Madison | Salem | Difference |
|---|---|---|---|
| Studio | $676 | $741 | $65 |
| 1 Bedroom | $827 | $913 | $86 |
| 2 Bedrooms | $1,038 | $1,137 | $99 |
| 3 Bedrooms | $1,222 | $1,411 | $189 |
| 4 Bedrooms | $1,400 | $1,615 | $215 |
| Median Income | $64,691 | $53,953 | $10,738 |
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
Salem
- Studio
- $741/mo
- 1 BR
- $913/mo
- 2 BR
- $1,137/mo
- 3 BR
- $1,411/mo
- 4 BR
- $1,615/mo
- Median Income
- $53,953/yr
Frequently Asked Questions
Is Madison or Salem cheaper to rent in?
Madison is cheaper — a 2-bedroom Fair Market Rent is $1,038/mo vs $1,137/mo in Salem. That's $99/mo or $1,188/year more expensive in Salem (10% higher).
What is the 2-bedroom rent in Madison vs Salem?
The HUD Fair Market Rent for a 2-bedroom in Madison is $1,038/month. In Salem, a 2-bedroom FMR is $1,137/month.
How do incomes compare between Madison and Salem?
The median household income in Madison is $64,691/year. In Salem it is $53,953/year. Madison has the higher median income.
What is the studio rent in Madison vs Salem?
A studio apartment Fair Market Rent in Madison is $676/mo. In Salem it is $741/mo.