Rent in Madison County, IN at a glance
2-bedroom rent (HUD)
$1,206$14,472 a year · HUD fiscal year 2026From October 1, 2026: $1,331 (+10.4%)How much rent can you afford in Madison County, IN?
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, IN 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 | $898 | $10,776 | $35,920 | $17.27/hr |
| 1 bedroom | $919 | $11,028 | $36,760 | $17.67/hr |
| 2 bedroomsMost searched | $1,206 | $14,472 | $48,240 | $23.19/hr |
| 3 bedrooms | $1,594 | $19,128 | $63,760 | $30.65/hr |
| 4 bedrooms | $1,597 | $19,164 | $63,880 | $30.71/hr |
Cost of living in Madison County, IN: income, prices and a budget →
Living and working in Madison County, IN
Rent in Madison County, IN: common questions
How much is rent going up in Madison County, IN in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,331 for a two-bedroom, up 10.4% from $1,206. A one-bedroom goes from $919 to $1,017, a studio from $898 to $1,011.
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, IN?
HUD's Fair Market Rent for 2026 is $919 for a one-bedroom and $1,206 for a two-bedroom, utilities included. That is $14,472 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, IN?
To keep a $1,206 two-bedroom at 30% of gross pay, one full-time worker needs $23.19 an hour, or $48,240 a year. A one-bedroom at $919 takes $17.67 an hour.
How much is a 1, 2 or 3-bedroom apartment in Madison County, IN?
At HUD's 2026 Fair Market Rent: studio $898, one bedroom $919, two $1,206, three $1,594 and four $1,597 a month.
Is rent affordable in Madison County, IN?
For the typical household, earning $63,037 a year ($5,253 a month, Census ACS), a two-bedroom at $1,206 takes 23% 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: ($1,206 × 12) ÷ 0.30 = $48,240. Divided by 2,080 working hours, that is $23.19 an hour.