Madison vs Springfield
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Springfield is 44% cheaper for renters. A 2-bedroom rents for $720/mo vs $1,038/mo in Madison — saving $3,816/year.
Rent by Unit Size
| Unit Size | Madison | Springfield | Difference |
|---|---|---|---|
| Studio | $676 | $490 | $186 |
| 1 Bedroom | $827 | $583 | $244 |
| 2 Bedrooms | $1,038 | $720 | $318 |
| 3 Bedrooms | $1,222 | $925 | $297 |
| 4 Bedrooms | $1,400 | $987 | $413 |
| Median Income | $64,691 | $37,539 | $27,152 |
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
Springfield
- Studio
- $490/mo
- 1 BR
- $583/mo
- 2 BR
- $720/mo
- 3 BR
- $925/mo
- 4 BR
- $987/mo
- Median Income
- $37,539/yr
Frequently Asked Questions
Is Madison or Springfield cheaper to rent in?
Springfield is cheaper — a 2-bedroom Fair Market Rent is $720/mo vs $1,038/mo in Madison. That's $318/mo or $3,816/year more expensive in Madison (44% higher).
What is the 2-bedroom rent in Madison vs Springfield?
The HUD Fair Market Rent for a 2-bedroom in Madison is $1,038/month. In Springfield, a 2-bedroom FMR is $720/month.
How do incomes compare between Madison and Springfield?
The median household income in Madison is $64,691/year. In Springfield it is $37,539/year. Madison has the higher median income.
What is the studio rent in Madison vs Springfield?
A studio apartment Fair Market Rent in Madison is $676/mo. In Springfield it is $490/mo.