Madison vs Winston-Salem
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Winston-Salem is 29% cheaper for renters. A 2-bedroom rents for $807/mo vs $1,038/mo in Madison — saving $2,772/year.
Rent by Unit Size
| Unit Size | Madison | Winston-Salem | Difference |
|---|---|---|---|
| Studio | $676 | $531 | $145 |
| 1 Bedroom | $827 | $652 | $175 |
| 2 Bedrooms | $1,038 | $807 | $231 |
| 3 Bedrooms | $1,222 | $1,030 | $192 |
| 4 Bedrooms | $1,400 | $1,189 | $211 |
| Median Income | $64,691 | $47,140 | $17,551 |
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
Winston-Salem
- Studio
- $531/mo
- 1 BR
- $652/mo
- 2 BR
- $807/mo
- 3 BR
- $1,030/mo
- 4 BR
- $1,189/mo
- Median Income
- $47,140/yr
Frequently Asked Questions
Is Madison or Winston-Salem cheaper to rent in?
Winston-Salem is cheaper — a 2-bedroom Fair Market Rent is $807/mo vs $1,038/mo in Madison. That's $231/mo or $2,772/year more expensive in Madison (29% higher).
What is the 2-bedroom rent in Madison vs Winston-Salem?
The HUD Fair Market Rent for a 2-bedroom in Madison is $1,038/month. In Winston-Salem, a 2-bedroom FMR is $807/month.
How do incomes compare between Madison and Winston-Salem?
The median household income in Madison is $64,691/year. In Winston-Salem it is $47,140/year. Madison has the higher median income.
What is the studio rent in Madison vs Winston-Salem?
A studio apartment Fair Market Rent in Madison is $676/mo. In Winston-Salem it is $531/mo.