ZIP Code · WI

ZIP 53705

Part of Madison, WI

Pop. 25,017·Dane County·13th most expensive ZIP in Wisconsin

Median rent (all units)

$1,829/mo

Year-over-Year

+5.3%

Month-over-Month

+2.9%

vs US Median

-$103

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 53705 · $1,829

More expensive than 51% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Wisconsin

Rent in ZIP 53705 changed +5.3% over the year to September 2026. Across the 71 Wisconsin ZIP codes Zillow tracks, the typical change was +5.6%.

Recent direction

Rent rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($88,549) is $2,214 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,720); a 3-bedroom is $2,270.

Rank in Madison

8th cheapest of 11 ZIP codes in Madison.

Cheaper nearby

ZIP 53719, 3 miles away, rents for 12% less ($1,608/mo), about $2,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 53705. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,948/yr

At $1,829/mo median

Location

CityMadison

StateWI

CountyDane County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.3% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.3% YoY, +2.9% 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: October 17, 2026

ZIP code 53705 covers Madison, WI. The median rent here is $1,829/mo as of October 2026. A 1-bedroom rents for a median of $1,500/mo. A 2-bedroom rents for a median of $1,720/mo.

At 25% of local median household income ($88,549/yr), ZIP 53705 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.3% over the past year.

FAQ

Frequently asked questions

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 $73,000/year (about $35/hour full-time) to afford the median rent of $1,829/mo in ZIP 53705. The local median household income is $88,549/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 53705?

Rent in ZIP 53705 has risen 5.3% over the past year.

How does ZIP 53705 compare to other ZIPs in Wisconsin?

ZIP 53705 is one of the pricier among Wisconsin ZIP codes for rent, ranking #13 of 103 at $1,829/mo. Over the year to September 2026, rent in ZIP 53705 changed +5.3%, against a typical +5.6% across the 71 Wisconsin ZIP codes Zillow tracks.