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ZIP Code · WI

ZIP 53705

Part of Madison, WI
Pop. 25,017·Dane County·5th most expensive ZIP in Wisconsin
Median rent (all units)
$2,060/mo
Year-over-Year
+1.0%
Month-over-Month
-3.7%
vs US Median
+$95
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 53705 · $2,060
More expensive than 64% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,290
1 BR
$1,500
2 BR
$1,720
3 BR
$2,270
4 BR+
$2,550
Research median
$1,720/mo

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

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$24,720/yr
At $2,060/mo median
Location
StateWI
CountyDane County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 1.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+1.0% YoY, -3.7% MoM), not inventory.
Demographics

Who lives here

ZIP 53705 (Madison, WI) is roughly split between renters and owners, skews toward younger working-age adults, 76.8% of residents hold a bachelor's degree or higher.

Population
25,017
Median income
$88,549
Median age
34.6
Renters
50.3%
Age distribution
18%
32.7%
22.5%
17.7%
Under 1818%
18–3432.7%
35–5422.5%
55–649.1%
65+17.7%
Gender
50.6%
49.4%
Male50.6%
Female49.4%
Race & ethnicity
73.3%
12.3%
White73.3%
Black2.6%
Hispanic6.4%
Asian12.3%
Other5.3%
Education (25+)
14%
76.8%
No HS diploma2%
HS diploma7.2%
Some college14%
Bachelor's+76.8%
Housing tenure
49.7%
50.3%
Owner49.7%
Renter50.3%

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

2021 vs 2026

How ZIP 53705 in Madison, WI has changed in 5 years

Income
$74,034 → $88,549
up 19.6%
Population
24,786 → 25,017
up 0.9%
Renter share
50.4% → 50.3%
-0.1 pts
Bachelor's+
74.6% → 76.8%
+2.2 pts
Median age
36.3 → 34.6
-1.7 yrs

On the earnings side, the typical household in ZIP 53705 in Madison, WI now reports about $88,549, up from $74,034 in 2021. Bachelor's-degree-or-higher attainment moved from 74.6% to 76.8% across the same window.

Community

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Local insights

Tips for renters in ZIP 53705

About renting in ZIP 53705

Last updated: July 20, 2026

ZIP code 53705 covers Madison, WI. The median rent here is $2,060/mo as of July 2026. A 1-bedroom rents for a median of $1,500/mo. A 2-bedroom rents for a median of $1,720/mo.

At 28% of local median household income ($88,549/yr), ZIP 53705 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 53705?

As of July 20, 2026, the median monthly rent in ZIP 53705 (Madison, WI) is $2,060. This is based on aggregated data from public sources and community submissions.

How does ZIP 53705 rent compare to the US average?

ZIP 53705's median rent of $2,060/mo is $95 (5%) above the US national median of $1,965/mo.

How does ZIP 53705 compare to other ZIPs in Wisconsin?

ZIP 53705 is one of the pricier ZIP codes in Wisconsin, ranking #5 out of 107 ZIPs tracked at $2,060/mo.

How much income do you need to rent in ZIP 53705?

To keep rent at or below 30% of gross income, you would need to earn at least $82,000/year (~$39/hour full-time) to afford the median rent of $2,060/mo in ZIP 53705. The local median household income is $88,549/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 53705?

Rent in ZIP 53705 has increased 1.0% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 53705 an affordable place to rent?

ZIP 53705 is considered affordable for renters. At $2,060/mo, rent takes approximately 28% of the local median household income ($88,549/yr). The standard benchmark is 30%. ZIP 53705 falls comfortably within that range.

What percentage of ZIP 53705 residents rent vs. own?

According to Census data, approximately 50.3% of ZIP 53705 households are renters, while 49.7% are owner-occupied. With a majority renter population, ZIP 53705 has a strong rental market.

How does ZIP 53705 compare to the rest of Madison?

ZIP 53705 is pricier than Madison as a whole. At $2,060/mo, it's $404 above the Madison citywide median of $1,656/mo.

When was rent data for ZIP 53705 last updated?

Rent data for ZIP 53705 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $2,060/mo, rent takes ~28% of ZIP 53705's median household income ($88,549/yr). The standard benchmark is 30%.

ZIP 53705 28%Benchmark 30%
State income tax3.5–7.65%
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Schools nearby

Public schools near ZIP 53705 (Madison, WI)

Recent submissions

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