Rent in Madison County, IA at a glance
2-bedroom rent (HUD)
$1,318$15,816 a year · HUD fiscal year 2026From October 1, 2026: $1,360 (+3.2%)How much rent can you afford in Madison County, IA?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Madison County, IA by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $1,063 | $12,756 | $42,520 | $20.44/hr |
| 1 bedroom | $1,109 | $13,308 | $44,360 | $21.33/hr |
| 2 bedroomsMost searched | $1,318 | $15,816 | $52,720 | $25.35/hr |
| 3 bedrooms | $1,794 | $21,528 | $71,760 | $34.50/hr |
| 4 bedrooms | $1,841 | $22,092 | $73,640 | $35.40/hr |
Cost of living in Madison County, IA: income, prices and a budget →
Living and working in Madison County, IA
Rent in Madison County, IA: common questions
How much is rent going up in Madison County, IA in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,360 for a two-bedroom, up 3.2% from $1,318. A one-bedroom goes from $1,109 to $1,145, a studio from $1,063 to $1,102.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Madison County, IA?
HUD's Fair Market Rent for 2026 is $1,109 for a one-bedroom and $1,318 for a two-bedroom, utilities included. That is $15,816 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Madison County, IA?
To keep a $1,318 two-bedroom at 30% of gross pay, one full-time worker needs $25.35 an hour, or $52,720 a year. A one-bedroom at $1,109 takes $21.33 an hour.
How much is a 1, 2 or 3-bedroom apartment in Madison County, IA?
At HUD's 2026 Fair Market Rent: studio $1,063, one bedroom $1,109, two $1,318, three $1,794 and four $1,841 a month.
Is rent affordable in Madison County, IA?
For the typical household, earning $90,855 a year ($7,571 a month, Census ACS), a two-bedroom at $1,318 takes 17.4% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,318 × 12) ÷ 0.30 = $52,720. Divided by 2,080 working hours, that is $25.35 an hour.