What is the median rent in the Town of Madison, NY?
The median gross rent in the Town of Madison, NY is $986 (±$117) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 162 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In the Town of Madison, the median gross rent went from $564 in 2015–2019 to $986 in 2020–2024 (+74.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $986 (±$117)
- Rented homes
- 162 (±86)
- $2,000 or more
- 0.0%
- Since 2015–2019
- +74.8%
How much rent costs in the Town of Madison
| Monthly gross rent | Town of Madison | Madison County | New York | United States |
|---|---|---|---|---|
| Less than $500 | 1.9% (±3.0 points) | 13.6% | 7.8% | 6.3% |
| $500 to $999 | 51.9% (±28.6 points) | 46.9% | 15.2% | 20.2% |
| $1,000 to $1,499 | 34.0% (±28.9 points) | 29.7% | 22.2% | 28.1% |
| $1,500 to $1,999 | 12.3% (±14.0 points) | 7.3% | 19.8% | 21.1% |
| $2,000 to $2,499 | 0.0% (±22.8 points) | 1.9% | 14.3% | 12.0% |
| $2,500 to $2,999 | 0.0% (±22.8 points) | 0.1% | 7.6% | 5.5% |
| $3,000 or more | 0.0% (±22.8 points) | 0.5% | 13.2% | 6.8% |
The most common range is $500 to $999, paid by 51.9% of renting households.
0.0% of rented homes in the Town of Madison cost $2,000 or more a month.
The Town of Madison against Madison County, its state and the nation
| Town of Madison | Madison County | New York | United States | |
|---|---|---|---|---|
| Median gross rent | $986 (±$117) | $928 (±$25) | $1,621 (±$7) | $1,413 |
| Rented homes paying rent | 162 (±86) | 5,300 (±382) | 3,406,652 (±12,095) | 42,849,984 |
In the Town of Madison, median gross rent is not measurably different from Madison County ($928).
It is also lower than in New York ($1,621).
It is lower than the national figure ($1,413).
In Madison County, the Town of Madison ranks 6 of 15 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 475 of 952.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in the Town of Madison has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $564 (±$261) | $986 (±$117) | +74.8% | No measurable change after inflation |
| Households that rent | 16.8% (±7.2 points) | 17.6% (±7.6 points) | +0.8 percentage points | Not a measurable change |
| Rental vacancy rate | 1.8% (±3.2 points) | 1.4% (±3.1 points) | −0.4 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median gross rent in places near the Town of Madison
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Town of Madison | — | $986 (±$117) | — |
| Village of Madison | 0.7 mi | $942 (±$699) | Not measurably different |
| Village of Oriskany Falls | 3.7 mi | $599 (±$180) | Lower |
| Village of Hamilton | 5.2 mi | $1,245 (±$353) | Not measurably different |
| Town of Augusta | 5.9 mi | $806 (±$209) | Not measurably different |
| Town of Sangerfield | 6.1 mi | $797 (±$81) | Lower |
| Town of Eaton | 6.6 mi | $818 (±$147) | Not measurably different |
| Village of Waterville | 6.6 mi | $820 (±$132) | Not measurably different |
| Town of Hamilton | 6.9 mi | $1,265 (±$237) | Higher |
Nearby places with a measurably lower figure: Village of Oriskany Falls, NY ($599), Town of Sangerfield, NY ($797).
Nearby places with a measurably higher figure: Town of Hamilton, NY ($1,265).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Madison County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 1 | Town of Hamilton | $1,265 (±$237) |
| 2 | Town of Cazenovia | $1,243 (±$110) |
| 3 | Town of Lincoln | $1,196 (±$309) |
| 4 | Town of Stockbridge | $1,042 (±$88) |
| 5 | Town of Lebanon | $1,008 (±$83) |
| 6 | Town of Madison | $986 (±$117) |
| 7 | Town of Brookfield | $981 (±$75) |
| 8 | Town of Lenox | $935 (±$83) |
| 9 | Oneida | $903 (±$77) |
| 10 | Town of Sullivan | $863 (±$135) |
| 11 | Town of Eaton | $818 (±$147) |
| 12 | Town of Georgetown | $784 (±$182) |
Showing 12 of 15 places in Madison County, ranked from highest to lowest.
A New York town includes the villages and hamlets inside it, so the figures for the Town of Madison include them.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Town of Madison
What is the average rent in the Town of Madison, NY?
The Census Bureau publishes the median rather than the average: the median gross rent in the Town of Madison is $986 (±$117) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in the Town of Madison?
In the Town of Madison, the median gross rent went from $564 in 2015–2019 to $986 in 2020–2024 (+74.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in the Town of Madison cost more than $2,000 a month?
0.0% of rented homes in the Town of Madison have a gross rent of $2,000 or more a month, and 1.9% cost less than $500.
Is rent in the Town of Madison higher than in Madison County?
In the Town of Madison, median gross rent is not measurably different from Madison County ($928).
It is also lower than in New York ($1,621).
It is lower than the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Madison town, Madison County, New York
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Madison town, Madison County, New York
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Madison town, Madison County, New York
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Madison town, Madison County, New York (county subdivision:44435, in state:36 county:053).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in the Town of Madison at a glance
- Renters and owners in the Town of Madison
- Income and affordability in the Town of Madison
- Home values in the Town of Madison
- Homeowner costs in the Town of Madison
- Property taxes in the Town of Madison
- Types of homes in the Town of Madison
- Bedrooms in the Town of Madison
- Age of homes in the Town of Madison
- Heating fuel in the Town of Madison
- Commute and cars in the Town of Madison
- Population growth in the Town of Madison
- New York landlord and tenant rules
- Housing across Madison County
- New York places ranked by median rent
- Housing data for every place in New York