Madison vs Santa Fe
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Madison is 9% cheaper for renters. A 2-bedroom rents for $1,038/mo vs $1,135/mo in Santa Fe — saving $1,164/year.
Rent by Unit Size
| Unit Size | Madison | Santa Fe | Difference |
|---|---|---|---|
| Studio | $676 | $754 | $78 |
| 1 Bedroom | $827 | $923 | $96 |
| 2 Bedrooms | $1,038 | $1,135 | $97 |
| 3 Bedrooms | $1,222 | $1,361 | $139 |
| 4 Bedrooms | $1,400 | $1,696 | $296 |
| Median Income | $64,691 | $59,153 | $5,538 |
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
Santa Fe
- Studio
- $754/mo
- 1 BR
- $923/mo
- 2 BR
- $1,135/mo
- 3 BR
- $1,361/mo
- 4 BR
- $1,696/mo
- Median Income
- $59,153/yr
Frequently Asked Questions
Is Madison or Santa Fe cheaper to rent in?
Madison is cheaper — a 2-bedroom Fair Market Rent is $1,038/mo vs $1,135/mo in Santa Fe. That's $97/mo or $1,164/year more expensive in Santa Fe (9% higher).
What is the 2-bedroom rent in Madison vs Santa Fe?
The HUD Fair Market Rent for a 2-bedroom in Madison is $1,038/month. In Santa Fe, a 2-bedroom FMR is $1,135/month.
How do incomes compare between Madison and Santa Fe?
The median household income in Madison is $64,691/year. In Santa Fe it is $59,153/year. Madison has the higher median income.
What is the studio rent in Madison vs Santa Fe?
A studio apartment Fair Market Rent in Madison is $676/mo. In Santa Fe it is $754/mo.