ZIP Code · WI

ZIP 53716

Part of Madison, WI

Pop. 18,596·Dane County·14th most expensive ZIP in Wisconsin

Median rent (all units)

$1,820/mo

Year-over-Year

Stable

Month-over-Month

+4.7%

vs US Median

-$112

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 53716 · $1,820

More expensive than 50% 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

$1,230

1 BR

$1,430

2 BR

$1,640

3 BR

$2,170

4 BR+

$2,430

Research median

$1,640/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

What a typical income covers

30% of the median household income ($91,716) is $2,293 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,170); a 4-bedroom is $2,430.

Rank in Madison

7th cheapest of 11 ZIP codes in Madison.

Cheaper nearby

ZIP 53714, 2 miles away, rents for 18% less ($1,493/mo), about $3,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 53716. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,840/yr

At $1,820/mo median

Location

CityMadison

StateWI

CountyDane County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+0.0% YoY, +4.7% MoM), not inventory.

Demographics

Who lives here

ZIP 53716 (Madison, WI) is majority owner-occupied, has a large retiree population, has a median income above the national average, 52.5% of residents hold a bachelor's degree or higher.

Population

18,596

Median income

$91,716

Median age

43.5

Renters

28.1%

Age distribution

18.2%

19.3%

25.7%

14.9%

21.9%

Under 1818.2%

18–3419.3%

35–5425.7%

55–6414.9%

65+21.9%

Gender

46.9%

53.1%

Male46.9%

Female53.1%

Race & ethnicity

83.6%

White83.6%

Black3.5%

Hispanic7.2%

Asian2.5%

Other3.2%

Education (25+)

20.4%

23.4%

52.5%

No HS diploma3.7%

HS diploma20.4%

Some college23.4%

Bachelor's+52.5%

Housing tenure

71.9%

28.1%

Owner71.9%

Renter28.1%

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

2021 vs 2026

How ZIP 53716 in Madison, WI has changed in 5 years

Income

$80,966 → $91,716

up 13.3%

Population

18,710 → 18,596

down 0.6%

Renter share

25.9% → 28.1%

+2.2 pts

Bachelor's+

48% → 52.5%

+4.5 pts

On the earnings side, the typical household in ZIP 53716 in Madison, WI now reports about $91,716, up from $80,966 in 2021. Renters now make up 28.1% of households, compared with 25.9% five years ago. College-educated residents now make up 52.5% of adults here, versus 48% in 2021.

Community

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Local insights

Tips for renters in ZIP 53716

About renting in ZIP 53716

Last updated: October 17, 2026

ZIP code 53716 covers Madison, WI. The median rent here is $1,820/mo as of October 2026. A 1-bedroom rents for a median of $1,430/mo. A 2-bedroom rents for a median of $1,640/mo.

At 24% of local median household income ($91,716/yr), ZIP 53716 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 53716?

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 $1,820/mo in ZIP 53716. The local median household income is $91,716/yr, so the typical household meets that bar.