Rentometer, Inc. | Data as of 03/12/2026
Madison County, Indiana, offers a balanced rental landscape that blends historic charm with modern convenience. Home to the vibrant riverfront city of Madison, the county also features the bustling suburbs of Anderson, Lapel, and Frankton, providing residents with easy access to cultural attractions, riverfront parks, and a growing downtown scene. Excellent connectivity via I‑69 and nearby rail lines makes commuting to Indianapolis and surrounding employment hubs straightforward, while local schools and community centers create a family‑friendly environment.
The rental inventory includes a strong mix of apartments and stand‑alone houses, catering to a wide range of lifestyle needs. Studio apartments typically rent in the $790s, and one‑bedroom units often fall within the $800s, while two‑bedroom apartments are commonly found in the $1,080s and three‑bedroom options in the $1,200s. For those seeking more space, single‑family homes provide affordable one‑bedroom options in the $730s and two‑bedroom homes near the $950 mark, with larger three‑ and four‑plus bedroom homes averaging in the $1,250‑$1,500 range. Neighborhoods such as Anderson’s River Ridge and Madison’s historic district are especially popular for renters looking for walkable amenities and a strong sense of community.
Prospective tenants appreciate Madison County’s blend of suburban tranquility and active cultural life. With a variety of outdoor recreation areas, local festivals, and convenient shopping corridors, the area supports both young professionals and growing families. Whether you’re drawn by the scenic Ohio River views, the thriving local arts scene, or the ease of access to major highways, Madison County’s rental market offers diverse options to suit every stage of life.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $746 | $790 | $575 - $825 | $749 - $795 |
| Apartment | 1 Bedroom | $824 | $825 | $525 - $1,224 | $749 - $905 |
| Apartment | 2 Bedroom | $1,061 | $1,085 | $650 - $1,499 | $975 - $1,175 |
| Apartment | 3 Bedroom | $1,203 | $1,210 | $875 - $1,600 | $1,050 - $1,350 |
| House | 1 Bedroom | $7,110 | $750 | $550 - $70,000 | $695 - $850 |
| House | 2 Bedroom | $1,006 | $950 | $599 - $2,100 | $895 - $1,100 |
| House | 3 Bedroom | $1,253 | $1,200 | $195 - $2,150 | $1,100 - $1,400 |
| House | 4+ Bedroom | $1,575 | $1,450 | $650 - $3,000 | $1,150 - $1,750 |
In the current period, the average rent in Madison was $814 for Studio, $3,100 for 1 Bedroom, $1,022 for 2 Bedroom, $1,249 for 3 Bedroom, and $1,510 for 4+ Bedroom.
Data provided by Rentometer, Inc.