Madison vs Salt Lake City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Madison is 9% cheaper for renters. A 2-bedroom rents for $1,038/mo vs $1,127/mo in Salt Lake City — saving $1,068/year.
Rent by Unit Size
| Unit Size | Madison | Salt Lake City | Difference |
|---|---|---|---|
| Studio | $676 | $754 | $78 |
| 1 Bedroom | $827 | $912 | $85 |
| 2 Bedrooms | $1,038 | $1,127 | $89 |
| 3 Bedrooms | $1,222 | $1,352 | $130 |
| 4 Bedrooms | $1,400 | $1,632 | $232 |
| Median Income | $64,691 | $77,224 | $12,533 |
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
Salt Lake City
- Studio
- $754/mo
- 1 BR
- $912/mo
- 2 BR
- $1,127/mo
- 3 BR
- $1,352/mo
- 4 BR
- $1,632/mo
- Median Income
- $77,224/yr
Frequently Asked Questions
Is Madison or Salt Lake City cheaper to rent in?
Madison is cheaper — a 2-bedroom Fair Market Rent is $1,038/mo vs $1,127/mo in Salt Lake City. That's $89/mo or $1,068/year more expensive in Salt Lake City (9% higher).
What is the 2-bedroom rent in Madison vs Salt Lake City?
The HUD Fair Market Rent for a 2-bedroom in Madison is $1,038/month. In Salt Lake City, a 2-bedroom FMR is $1,127/month.
How do incomes compare between Madison and Salt Lake City?
The median household income in Madison is $64,691/year. In Salt Lake City it is $77,224/year. Salt Lake City has the higher median income.
What is the studio rent in Madison vs Salt Lake City?
A studio apartment Fair Market Rent in Madison is $676/mo. In Salt Lake City it is $754/mo.