Madison vs Springfield
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Springfield is 37% cheaper for renters. A 2-bedroom rents for $756/mo vs $1,038/mo in Madison — saving $3,384/year.
Rent by Unit Size
| Unit Size | Madison | Springfield | Difference |
|---|---|---|---|
| Studio | $676 | $519 | $157 |
| 1 Bedroom | $827 | $612 | $215 |
| 2 Bedrooms | $1,038 | $756 | $282 |
| 3 Bedrooms | $1,222 | $923 | $299 |
| 4 Bedrooms | $1,400 | $1,067 | $333 |
| Median Income | $64,691 | $44,958 | $19,733 |
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
- $519/mo
- 1 BR
- $612/mo
- 2 BR
- $756/mo
- 3 BR
- $923/mo
- 4 BR
- $1,067/mo
- Median Income
- $44,958/yr
Frequently Asked Questions
Is Madison or Springfield cheaper to rent in?
Springfield is cheaper — a 2-bedroom Fair Market Rent is $756/mo vs $1,038/mo in Madison. That's $282/mo or $3,384/year more expensive in Madison (37% 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 $756/month.
How do incomes compare between Madison and Springfield?
The median household income in Madison is $64,691/year. In Springfield it is $44,958/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 $519/mo.