Madison vs Toledo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Toledo is 35% cheaper for renters. A 2-bedroom rents for $769/mo vs $1,038/mo in Madison — saving $3,228/year.
Rent by Unit Size
| Unit Size | Madison | Toledo | Difference |
|---|---|---|---|
| Studio | $676 | $521 | $155 |
| 1 Bedroom | $827 | $622 | $205 |
| 2 Bedrooms | $1,038 | $769 | $269 |
| 3 Bedrooms | $1,222 | $990 | $232 |
| 4 Bedrooms | $1,400 | $1,150 | $250 |
| Median Income | $64,691 | $44,170 | $20,521 |
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
Toledo
- Studio
- $521/mo
- 1 BR
- $622/mo
- 2 BR
- $769/mo
- 3 BR
- $990/mo
- 4 BR
- $1,150/mo
- Median Income
- $44,170/yr
Frequently Asked Questions
Is Madison or Toledo cheaper to rent in?
Toledo is cheaper — a 2-bedroom Fair Market Rent is $769/mo vs $1,038/mo in Madison. That's $269/mo or $3,228/year more expensive in Madison (35% higher).
What is the 2-bedroom rent in Madison vs Toledo?
The HUD Fair Market Rent for a 2-bedroom in Madison is $1,038/month. In Toledo, a 2-bedroom FMR is $769/month.
How do incomes compare between Madison and Toledo?
The median household income in Madison is $64,691/year. In Toledo it is $44,170/year. Madison has the higher median income.
What is the studio rent in Madison vs Toledo?
A studio apartment Fair Market Rent in Madison is $676/mo. In Toledo it is $521/mo.