Madison vs Wilmington
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Wilmington is 1% cheaper for renters. A 2-bedroom rents for $1,024/mo vs $1,038/mo in Madison — saving $168/year.
Rent by Unit Size
| Unit Size | Madison | Wilmington | Difference |
|---|---|---|---|
| Studio | $676 | $656 | $20 |
| 1 Bedroom | $827 | $838 | $11 |
| 2 Bedrooms | $1,038 | $1,024 | $14 |
| 3 Bedrooms | $1,222 | $1,314 | $92 |
| 4 Bedrooms | $1,400 | $1,459 | $59 |
| Median Income | $64,691 | $52,995 | $11,696 |
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
Wilmington
- Studio
- $656/mo
- 1 BR
- $838/mo
- 2 BR
- $1,024/mo
- 3 BR
- $1,314/mo
- 4 BR
- $1,459/mo
- Median Income
- $52,995/yr
Frequently Asked Questions
Is Madison or Wilmington cheaper to rent in?
Wilmington is cheaper — a 2-bedroom Fair Market Rent is $1,024/mo vs $1,038/mo in Madison. That's $14/mo or $168/year more expensive in Madison (1% higher).
What is the 2-bedroom rent in Madison vs Wilmington?
The HUD Fair Market Rent for a 2-bedroom in Madison is $1,038/month. In Wilmington, a 2-bedroom FMR is $1,024/month.
How do incomes compare between Madison and Wilmington?
The median household income in Madison is $64,691/year. In Wilmington it is $52,995/year. Madison has the higher median income.
What is the studio rent in Madison vs Wilmington?
A studio apartment Fair Market Rent in Madison is $676/mo. In Wilmington it is $656/mo.