Madison vs South Bend-Mishawaka
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
South Bend-Mishawaka is 43% cheaper for renters. A 2-bedroom rents for $724/mo vs $1,038/mo in Madison — saving $3,768/year.
Rent by Unit Size
| Unit Size | Madison | South Bend-Mishawaka | Difference |
|---|---|---|---|
| Studio | $676 | $500 | $176 |
| 1 Bedroom | $827 | $609 | $218 |
| 2 Bedrooms | $1,038 | $724 | $314 |
| 3 Bedrooms | $1,222 | $947 | $275 |
| 4 Bedrooms | $1,400 | $1,108 | $292 |
| Median Income | $64,691 | $45,155 | $19,536 |
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
South Bend-Mishawaka
- Studio
- $500/mo
- 1 BR
- $609/mo
- 2 BR
- $724/mo
- 3 BR
- $947/mo
- 4 BR
- $1,108/mo
- Median Income
- $45,155/yr
Frequently Asked Questions
Is Madison or South Bend-Mishawaka cheaper to rent in?
South Bend-Mishawaka is cheaper — a 2-bedroom Fair Market Rent is $724/mo vs $1,038/mo in Madison. That's $314/mo or $3,768/year more expensive in Madison (43% higher).
What is the 2-bedroom rent in Madison vs South Bend-Mishawaka?
The HUD Fair Market Rent for a 2-bedroom in Madison is $1,038/month. In South Bend-Mishawaka, a 2-bedroom FMR is $724/month.
How do incomes compare between Madison and South Bend-Mishawaka?
The median household income in Madison is $64,691/year. In South Bend-Mishawaka it is $45,155/year. Madison has the higher median income.
What is the studio rent in Madison vs South Bend-Mishawaka?
A studio apartment Fair Market Rent in Madison is $676/mo. In South Bend-Mishawaka it is $500/mo.