How much does it cost to rent in Madison, MS?

As of July 2026, the median monthly rent in Madison, MS is $2,422. This figure is based on aggregated data from public sources and community-submitted rents.

Is Madison cheaper than other Mississippi cities?

Madison is one of the pricier cities in Mississippi, ranking #1 out of 28 cities tracked at $2,422/mo.

When was Madison rent data last updated?

Madison rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · MS

Madison

Name: Average Rent Prices in Madison, MS
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 27,946·1st most expensive in Mississippi·Rental market data updated monthly for Madison, MS

Median rent (all units)

$2,422/mo

Year-over-Year

+1.6%

Month-over-Month

+2.0%

vs US Median

+$457

Rising (Monthly)

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Most AffordableMost Expensive

Madison · $2,422

More expensive than 77% of US cities · National median $1,965/mo

Rent Reality Score

53/100

Fairly priced

OverheatedFairGreat value

Rents are right about where Madison's 10-year trend predicts.

Actual rent

$2,422/mo

Expected by trend

$2,464/mo

The Rent Reality Score compares today's median rent to where Madison's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,570

1 BR

$1,580

2 BR

$1,850

3 BR

$2,230

4 BR+

$2,450

Research median

$1,850/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$29,064/yr

At $2,422/mo median

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.6% YoY, +2.0% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Madison, MS is majority owner-occupied, has a large share of families with children, has a median income above the national average, 64.2% of residents hold a bachelor's degree or higher.

Population

27,946

Median income

$119,338

Median age

41.7

Renters

5.7%

Age distribution

25.6%

15.8%

27.9%

14.5%

16.2%

Under 1825.6%

18–3415.8%

35–5427.9%

55–6414.5%

65+16.2%

Gender

48.1%

51.9%

Male48.1%

Female51.9%

Race & ethnicity

77.3%

12.7%

White77.3%

Black12.7%

Hispanic2.3%

Asian5.9%

Other1.8%

Education (25+)

20.8%

64.2%

No HS diploma3.9%

HS diploma11.1%

Some college20.8%

Bachelor's+64.2%

Housing tenure

94.3%

Owner94.3%

Renter5.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How Madison, MS has changed in 5 years

Rent

$2,098 → $2,422

up 15.4%

Income

$119,662 → $119,338

down 0.3%

Population

27,459 → 27,946

up 1.8%

Renter share

6% → 5.7%

-0.3 pts

Bachelor's+

68.1% → 64.2%

-3.9 pts

Median age

40.4 → 41.7

+1.3 yrs

Rent in Madison, MS has climbed 15.4% since 2023, going from about $2,098 per month to roughly $2,422 today. Median household income fell from $119,662 to $119,338 between 2021 and 2024, a 0.3% shift. Rent outpaced income growth by roughly 15.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 27,459 to 27,946 between 2021 and 2024, a 1.8% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 68.1% to 64.2%. Taken together, the five-year picture in Madison, MS reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

Discussions about Madison

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View Madison rent history (2015–2026) →

Salary vs rent

Can you afford rent in Madison on your salary?

At $2,422/mo, how Madison rent compares to typical pay (30% rule).

Registered Nurse

Avg $76,529/yr · Rent = 38% income

stretched

Elementary School Teacher

Avg $54,335/yr · Rent = 53.5% income

severely rent-burdened

Police Officer

Avg $62,589/yr · Rent = 46.4% income

rent-burdened

Software Developer

Avg $111,869/yr · Rent = 26% income

affordable

Lawyer

Avg $142,941/yr · Rent = 20.3% income

affordable

Firefighter

Avg $50,876/yr · Rent = 57.1% income

severely rent-burdened

Truck Driver

Avg $45,935/yr · Rent = 63.3% income

severely rent-burdened

Electrician

Avg $56,619/yr · Rent = 51.3% income

severely rent-burdened

By apartment size

Madison rent by bedroom count

Median rent for each apartment size in Madison. Click any size for full breakdown.

Local insights

Tips for renters in Madison

About renting in Madison, MS

Last updated: July 20, 2026

The median rent in Madison is $2,422/mo as of July 2026. A studio apartment averages $1,570/mo while a 2-bedroom runs $1,850/mo. One-bedroom apartments average $1,580/mo and 3-bedroom units go for $2,230/mo.

At 24% of local median household income ($119,338/yr), Madison ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.6% over the past year.

FAQ

Frequently asked questions

Is Madison an affordable city for renters?

Madison is considered very affordable for renters. At $2,422/mo, rent takes approximately 24% of the local median household income ($119,338/yr). The standard benchmark is 30%. Madison falls comfortably within that range.

How much income do you need to rent in Madison?

To keep rent at or below 30% of gross income, you would need to earn at least $97,000/year (~$47/hour full-time) to afford the median rent of $2,422/mo in Madison. The local median household income is $119,338/yr, meaning the typical Madison household meets that threshold.

Is rent going up or down in Madison?

Rent in Madison has increased 1.6% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Madison rent compare to other cities in Mississippi?

Madison is one of the pricier cities in Mississippi for rent, ranking #1 out of 28 tracked cities at $2,422/mo.

Which nearby cities are cheaper to rent in than Madison?

Several nearby cities have lower median rents than Madison ($2,422/mo): Jackson ($1,270/mo), Ridgeland ($1,451/mo), Pearl ($1,487/mo).

What percentage of Madison residents rent vs. own?

According to Census data, approximately 5.7% of Madison households are renters, while 94.3% are owner-occupied. Madison leans toward homeownership, which can mean a smaller rental inventory.

How does Madison rent compare to the national average?

Madison's median rent of $2,422/mo is $457 (23%) above the US national median of $1,965/mo. Within Mississippi, it ranks #1 out of 28 tracked cities.

Income Affordability

24%

VERY AFFORDABLE

At $2,422/mo, rent takes ~24% of Madison's median household income ($119,338/yr). The standard benchmark is 30%.

Madison 24%Benchmark 30%

State income tax4.7%

Run the Madison affordability calculator →

Nearby cities