RentDataNowRentDataNow
ZIP Code · WI

ZIP 53703

Part of Madison, WI
Pop. 37,659·Dane County·12th most expensive ZIP in Wisconsin
Median rent (all units)
$1,847/mo
Year-over-Year
+10.1%
Month-over-Month
+1.1%
vs US Median
-$118
Rising (Monthly)
Be the first to discuss 53703 rents ↓
Most AffordableMost Expensive
ZIP 53703 · $1,847
More expensive than 51% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,510
1 BR
$1,770
2 BR
$2,020
3 BR
$2,670
4 BR+
$2,990
Research median
$2,020/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
$22,164/yr
At $1,847/mo median
Location
StateWI
CountyDane County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 10.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+10.1% YoY, +1.1% MoM), not inventory.
Demographics

Who lives here

ZIP 53703 (Madison, WI) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 70.6% of residents hold a bachelor's degree or higher.

Population
37,659
Median income
$47,847
Median age
24.8
Renters
85.4%
Age distribution
74.4%
Under 182.8%
18–3474.4%
35–5411.3%
55–644.8%
65+6.7%
Gender
49.9%
50.1%
Male49.9%
Female50.1%
Race & ethnicity
78.4%
White78.4%
Black3.2%
Hispanic5.9%
Asian8.9%
Other3.6%
Education (25+)
12.2%
14.1%
70.6%
No HS diploma3.1%
HS diploma12.2%
Some college14.1%
Bachelor's+70.6%
Housing tenure
14.6%
85.4%
Owner14.6%
Renter85.4%

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

2021 vs 2026

How ZIP 53703 in Madison, WI has changed in 5 years

Rent
$1,269 → $1,847
up 45.5%
Income
$44,103 → $47,847
up 8.5%
Population
37,444 → 37,659
up 0.6%
Renter share
86.5% → 85.4%
-1.1 pts
Bachelor's+
71.8% → 70.6%
-1.2 pts

Across the past five years, the going rent in ZIP 53703 in Madison, WI has shifted from $1,269 to $1,847, up 45.5% since 2021. Local incomes tracked alongside that move, going from a median of $44,103 in 2021 to $47,847 more recently. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 53703 in Madison, WI market of 2021.

Community

Discussions about ZIP 53703

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 53703

About renting in ZIP 53703

Last updated: July 20, 2026

ZIP code 53703 covers Madison, WI. The median rent here is $1,847/mo as of July 2026. A 1-bedroom rents for a median of $1,770/mo. A 2-bedroom rents for a median of $2,020/mo.

At 46% of local median household income ($47,847/yr), ZIP 53703 ranks as moderate compared to the national benchmark of 30%. Rents have increased 10.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 53703?

As of July 20, 2026, the median monthly rent in ZIP 53703 (Madison, WI) is $1,847. This is based on aggregated data from public sources and community submissions.

How does ZIP 53703 rent compare to the US average?

ZIP 53703's median rent of $1,847/mo is $118 (6%) below the US national median of $1,965/mo.

How does ZIP 53703 compare to other ZIPs in Wisconsin?

ZIP 53703 is one of the pricier ZIP codes in Wisconsin, ranking #12 out of 107 ZIPs tracked at $1,847/mo.

How much income do you need to rent in ZIP 53703?

To keep rent at or below 30% of gross income, you would need to earn at least $74,000/year (~$36/hour full-time) to afford the median rent of $1,847/mo in ZIP 53703. The local median household income is $47,847/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 53703?

Rent in ZIP 53703 has increased 10.1% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 53703 an affordable place to rent?

ZIP 53703 is considered stretched for renters. At $1,847/mo, rent takes approximately 46% of the local median household income ($47,847/yr). The standard benchmark is 30%. ZIP 53703 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 53703 residents rent vs. own?

According to Census data, approximately 85.4% of ZIP 53703 households are renters, while 14.6% are owner-occupied. With a majority renter population, ZIP 53703 has a strong rental market.

How does ZIP 53703 compare to the rest of Madison?

ZIP 53703 is pricier than Madison as a whole. At $1,847/mo, it's $191 above the Madison citywide median of $1,656/mo.

When was rent data for ZIP 53703 last updated?

Rent data for ZIP 53703 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
46%
STRETCHED

At $1,847/mo, rent takes ~46% of ZIP 53703's median household income ($47,847/yr). The standard benchmark is 30%.

ZIP 53703 46%Benchmark 30%
State income tax3.5–7.65%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 53703 (Madison, WI)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.