Rent Tracker
Rent Inflation in Madison, WI
The average asking rent in Madison, WI is $1,676/month as of 2026-06. That is +2.6% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,676/mo
as of 2026-06
Year-over-Year Change
+2.6%
24-Month Rent Trend
Monthly ZORI index values for Madison, WI.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-06 | $1,676 | -0.12% |
| 2026-05 | $1,678 | +0.30% |
| 2026-04 | $1,673 | +0.54% |
| 2026-03 | $1,664 | +0.73% |
| 2026-02 | $1,652 | +0.67% |
| 2026-01 | $1,641 | +0.00% |
| 2025-12 | $1,641 | -0.67% |
| 2025-11 | $1,652 | +0.06% |
| 2025-10 | $1,651 | +0.73% |
| 2025-09 | $1,639 | +0.55% |
| 2025-08 | $1,630 | -0.12% |
| 2025-07 | $1,632 | -0.12% |
| 2025-06 | $1,634 | +0.25% |
| 2025-05 | $1,630 | +0.18% |
| 2025-04 | $1,627 | +0.56% |
| 2025-03 | $1,618 | +0.37% |
| 2025-02 | $1,612 | +0.62% |
| 2025-01 | $1,602 | -0.19% |
| 2024-12 | $1,605 | +0.56% |
| 2024-11 | $1,596 | +0.38% |
| 2024-10 | $1,590 | +0.82% |
| 2024-09 | $1,577 | +0.06% |
| 2024-08 | $1,576 | +0.00% |
| 2024-07 | $1,576 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices