Madison is the 72nd largest multifamily market with 52,841 completed units and 22,506 units in development, 7,633 of which have already broken ground, as of September 2022.
Madison Multifamily Market Summary – September 2022
New lease asking rents are at $1,427, up 9.0%▲
from the previous year placing Madison at 60th
overall in year-over-year rent growth.
Madison Multifamily Market Summary – August 2022
New lease asking rents are at $1,412, up 8.0%▲
from the previous year placing Madison at 100th
overall in year-over-year rent growth.
Madison Multifamily Market Summary – July 2022
New lease asking rents are at $1,397, up 7.7%▲
from the previous year placing Madison at 110th
overall in year-over-year rent growth.
Madison Multifamily Market Summary – June 2022
New lease asking rents are at $1,399, up 8.5%▲
from the previous year placing Madison at 108th
overall in year-over-year rent growth.
Madison Multifamily Market Summary – May 2022
New lease asking rents are at $1,385, up 8%▲
from the previous year placing Madison at
112th overall in year-over-year rent growth.
Madison Multifamily Market Summary – April 2022
New lease asking rents are at $1,363, up 7%▲
from the previous year placing Madison at 113th
overall in year-over-year rent growth.
Madison Multifamily Market Summary – March 2022
New lease asking rents are at $1,358, up 6.9%▲
from the previous year placing Madison at 115th
overall in year-over-year rent growth.
Madison Multifamily Market Summary – February 2022
New lease asking rents are at $1,351, up 7.0%▲
from the previous year placing Madison at 112th
overall in year-over-year rent growth.
Madison Multifamily Market Summary – January 2022
New lease asking rents are at $1,337, up 6.7%▲
from the previous year placing Madison at 115th
overall in year-over-year rent growth.
Madison Multifamily Market Summary – December 2021
New lease asking rents are at $1,312, up 5%▲
from the previous year placing Madison at
114th overall in year-over-year rent growth.
