Madison, WI: Fair Market Rent by ZIP Code (FY2027)
ZIP-level rents for Madison in Dane County, effective October 1, 2026.
Data: HUD FY2027 Small Area FMRs (effective October 1, 2026), Census ACS 5-Year 2020–2024. Spot-checked against the official sources on November 5, 2026 (results). Last site change: November 10, 2026 (changelog).
Madison is in Dane County. HUD sets one Fair Market Rent for the whole Madison, WI area, $1,565 for two bedrooms in FY2027. Bedroom sizes, Section 8 payment standards and income limits for the county are on the Dane County fair market rent page. This page shows what differs inside Madison: the ZIP-level rents HUD publishes for metro areas and Census figures for the city itself.
Madison fair market rent by ZIP code (FY2027)
The two-bedroom Small Area FMR runs from $1,530 (ZIP 53704, 53711, 53713 and 2 more) to $1,900 (ZIP 53715), 21% above the area FMR. 8 of 14 ZIP codes are above the area figure, 5 below it.
| ZIP | 0 BR | 1 BR | 2 BR | 3 BR | 4 BR | 2 BR vs area FMR |
|---|---|---|---|---|---|---|
| 53703 | $1,430 | $1,640 | $1,870 | $2,450 | $2,710 | +19% |
| 53704 | $1,150 | $1,340 | $1,530 | $2,020 | $2,260 | −2% |
| 53705 | $1,220 | $1,400 | $1,590 | $2,080 | $2,300 | +2% |
| 53706 | $1,330 | $1,530 | $1,750 | $2,310 | $2,590 | +12% |
| 53711 | $1,160 | $1,340 | $1,530 | $2,020 | $2,260 | −2% |
| 53713 | $1,150 | $1,340 | $1,530 | $2,020 | $2,260 | −2% |
| 53714 | $1,150 | $1,340 | $1,530 | $2,020 | $2,260 | −2% |
| 53715 | $1,450 | $1,670 | $1,900 | $2,500 | $2,800 | +21% |
| 53716 | $1,150 | $1,340 | $1,530 | $2,020 | $2,260 | −2% |
| 53717 | $1,280 | $1,470 | $1,670 | $2,180 | $2,420 | +7% |
| 53718 | $1,410 | $1,630 | $1,850 | $2,420 | $2,680 | +18% |
| 53719 | $1,380 | $1,590 | $1,810 | $2,370 | $2,620 | +16% |
| 53726 | $1,270 | $1,480 | $1,700 | $2,240 | $2,510 | +9% |
| 53792 | $1,200 | $1,380 | $1,570 | $2,050 | $2,270 | +0% |
ZIP codes with at least 30% of their land area inside Madison (Census 2020 ZIP code tabulation areas). Mail ZIP codes and ZCTAs can differ slightly at the edges.
Source: HUD FY2027 Small Area FMRs (effective October 1, 2026, claims ledger), how SAFMRs work.
Rent in Madison compared with Dane County
The median gross rent in Madison is $1,413 a month (±$20), about the same as in Dane County as a whole ($1,398). Renter households in Madison earn a median $52,502 a year (±$2,096), against $56,374 county-wide. The typical rent takes 32% of the typical renter income, and 50% of renters pay 30% or more of their income on rent.
Source: Census Bureau, American Community Survey 5-Year 2020–2024 (tables B25064, B25119, B25070), place and county level.
Section 8 in Madison
Where the housing authority uses ZIP-level figures, the voucher payment standard is normally 90% to 110% of the ZIP's Small Area FMR: for a two-bedroom unit in Madison that is about $1,377 to $2,090 depending on the ZIP code. Otherwise the county-wide FMR applies. See payment standards and income limits for Dane County or estimate the tenant share with the Section 8 calculator.