Madison, IL rental market
Last updated August 31, 2025
Rental market summary
The average rent for all bedrooms and all property types in Madison, IL is $950.
$950
-$145
+$950
3
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $650 to $1,072.
| Rent price | Number of rental properties |
|---|---|
| $600 | 1 |
| $900 | 1 |
| $1,000+ | 1 |
Average rent price over time
In the last year, rent has increased by $950 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Feb | $928 | $1,125 |
| Mar | $975 | $1,125 |
| Apr | $795 | $1,450 |
| May | $975 | $800 |
| Jun | $975 | $1,400 |
| Jul | $975 | $950 |
| Aug | $925 | $1,095 |
| Oct | $1,350 | No data |
| Nov | $1,350 | No data |
| Dec | $1,125 | No data |
Market temperature
The Madison, IL rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Madison, IL is 55% lower than the national average.
$950
$2,100
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Frequently asked questions
1. What is the average rent in Madison, IL?
The average rent in Madison, IL is $950.
2. How much does it cost to rent a house in Madison, IL?
Houses in Madison, IL rent between $650 - $1,072 with an average rent of $950.
3. How has the rent in Madison, IL changed in the last year?
In the last year, the rent in Madison, IL increased by $950
4. How much has the rent in Madison, IL increased/decreased in the last month?
In the last month, the rent in Madison, IL decreased by $145
5. How many available rentals are there in Madison, IL?
There are currently 3 rentals available in Madison, IL.
6. How do rent prices in Madison, IL compare with the national average?
The average rent in Madison, IL is $950 — 54.76% lower the national average of $2,100.