Madison vs San Luis Obispo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Madison is 56% cheaper for renters. A 2-bedroom rents for $1,038/mo vs $1,623/mo in San Luis Obispo — saving $7,020/year.
Rent by Unit Size
| Unit Size | Madison | San Luis Obispo | Difference |
|---|---|---|---|
| Studio | $676 | $1,065 | $389 |
| 1 Bedroom | $827 | $1,360 | $533 |
| 2 Bedrooms | $1,038 | $1,623 | $585 |
| 3 Bedrooms | $1,222 | $2,039 | $817 |
| 4 Bedrooms | $1,400 | $2,372 | $972 |
| Median Income | $64,691 | $94,761 | $30,070 |
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
San Luis Obispo
- Studio
- $1,065/mo
- 1 BR
- $1,360/mo
- 2 BR
- $1,623/mo
- 3 BR
- $2,039/mo
- 4 BR
- $2,372/mo
- Median Income
- $94,761/yr
Frequently Asked Questions
Is Madison or San Luis Obispo cheaper to rent in?
Madison is cheaper — a 2-bedroom Fair Market Rent is $1,038/mo vs $1,623/mo in San Luis Obispo. That's $585/mo or $7,020/year more expensive in San Luis Obispo (56% higher).
What is the 2-bedroom rent in Madison vs San Luis Obispo?
The HUD Fair Market Rent for a 2-bedroom in Madison is $1,038/month. In San Luis Obispo, a 2-bedroom FMR is $1,623/month.
How do incomes compare between Madison and San Luis Obispo?
The median household income in Madison is $64,691/year. In San Luis Obispo it is $94,761/year. San Luis Obispo has the higher median income.
What is the studio rent in Madison vs San Luis Obispo?
A studio apartment Fair Market Rent in Madison is $676/mo. In San Luis Obispo it is $1,065/mo.