Metro FMR area · WI · HUD FY 2027

Madison, WI Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Madison, WI area is $1,565 a month, 25% above the Wisconsin average and 11% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 52 ZIP codes range from $1,530 to $1,900.

$1,5652-bedroom FMR−$129 (−7.6%) vs FY 2026
$1,3751-bedroom FMRU.S.: $1,478
$62,600Income for a 2-bedroomat 30% of income
572,674Residents1 county

Can you afford the Fair Market Rent here?

Uses the common 30%-of-gross-income guideline. Results update as you type and stay in your browser.

Household income ($ per year, before tax)

Default: the income a 2-bedroom here needs at 30%.

Unit size

Rent you can afford at 30% of income$1,565/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Madison, WI FMR	$1,565	$62,600	–
Wisconsin average	$1,251	$50,057	–
U.S. average	$1,761	$70,432	–

Madison, WI Fair Market Rents, FY 2027 vs FY 2026
Unit	Madison, WI FY 2027	FY 2026	Change	Wisconsin avg	U.S. avg	Income needed
Studio	$1,196	$1,268	−$72 (−5.7%)	$941	$1,379	$47,840
1 bedroom	$1,375	$1,482	−$107 (−7.2%)	$1,020	$1,478	$55,000
2 bedrooms	$1,565	$1,694	−$129 (−7.6%)	$1,251	$1,761	$62,600
3 bedrooms	$2,047	$2,236	−$189 (−8.5%)	$1,602	$2,266	$81,880
4 bedrooms	$2,264	$2,509	−$245 (−9.8%)	$1,759	$2,607	$90,560

Counties in this FMR area

Counties in the Madison, WI FMR area
County	Residents in area
Dane County, WI	572,674

Small Area FMRs by ZIP code

Small Area FMRs apply to Housing Choice Vouchers where HUD requires them or the housing authority opts in; otherwise the metro FMR above applies. The median ZIP’s 2-bedroom SAFMR is $1,530.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, Madison, WI
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
53507	$1,150	$1,340	$1,530	$2,020	$2,460	−$30 (−1.9%)	2% below
53508	$1,150	$1,340	$1,530	$2,020	$2,260	+$200 (+15.0%)	2% below
53515	$1,150	$1,340	$1,530	$2,020	$2,260	+$200 (+15.0%)	2% below
53516	$1,150	$1,340	$1,530	$2,020	$2,260	+$200 (+15.0%)	2% below
53517	$1,150	$1,340	$1,530	$2,020	$2,260	+$100 (+7.0%)	2% below
53521	$1,150	$1,340	$1,530	$2,020	$2,260	+$20 (+1.3%)	2% below
53523	$1,150	$1,340	$1,530	$2,020	$2,260	+$200 (+15.0%)	2% below
53527	$1,320	$1,540	$1,760	$2,320	$2,610	−$190 (−9.7%)	12% above
53528	$1,150	$1,340	$1,530	$2,020	$2,260	−$80 (−5.0%)	2% below
53529	$1,150	$1,340	$1,530	$2,020	$2,260	+$30 (+2.0%)	2% below
53531	$1,150	$1,340	$1,530	$2,020	$2,260	+$200 (+15.0%)	2% below
53532	$1,210	$1,400	$1,590	$2,080	$2,300	−$120 (−7.0%)	2% above
53534	$1,150	$1,340	$1,530	$2,020	$2,260	+$170 (+12.5%)	2% below
53544	$1,150	$1,340	$1,530	$2,020	$2,260	+$200 (+15.0%)	2% below
53555	$1,150	$1,340	$1,530	$2,090	$2,260	+$10 (+0.7%)	2% below
53558	$1,320	$1,520	$1,730	$2,260	$2,500	−$130 (−7.0%)	11% above
53559	$1,150	$1,340	$1,530	$2,020	$2,260	+$200 (+15.0%)	2% below
53560	$1,150	$1,340	$1,530	$2,020	$2,260	+$180 (+13.3%)	2% below
53562	$1,250	$1,430	$1,630	$2,130	$2,360	−$100 (−5.8%)	4% above
53571	$1,150	$1,340	$1,530	$2,050	$2,260	−$100 (−6.1%)	2% below
53572	$1,150	$1,340	$1,530	$2,020	$2,260	−$60 (−3.8%)	2% below
53574	$1,150	$1,340	$1,530	$2,020	$2,260	+$200 (+15.0%)	2% below
53575	$1,150	$1,340	$1,530	$2,020	$2,260	+$30 (+2.0%)	2% below
53583	$1,150	$1,340	$1,530	$2,020	$2,260	+$200 (+15.0%)	2% below
53589	$1,150	$1,340	$1,530	$2,020	$2,260	+$60 (+4.1%)	2% below
53590	$1,240	$1,420	$1,620	$2,120	$2,340	−$90 (−5.3%)	4% above
53593	$1,370	$1,570	$1,790	$2,340	$2,590	−$120 (−6.3%)	14% above
53594	$1,150	$1,340	$1,530	$2,020	$2,260	+$200 (+15.0%)	2% below
53597	$1,190	$1,370	$1,560	$2,040	$2,260	−$110 (−6.6%)	about the same as
53598	$1,350	$1,550	$1,760	$2,300	$2,550	−$110 (−5.9%)	12% above
53701	$1,200	$1,380	$1,570	$2,050	$2,270	−$120 (−7.1%)	about the same as
53703	$1,430	$1,640	$1,870	$2,450	$2,710	−$150 (−7.4%)	19% above
53704	$1,150	$1,340	$1,530	$2,020	$2,260	−$80 (−5.0%)	2% below
53705	$1,220	$1,400	$1,590	$2,080	$2,300	−$130 (−7.6%)	2% above
53706	$1,330	$1,530	$1,750	$2,310	$2,590	−$190 (−9.8%)	12% above
53707	$1,200	$1,380	$1,570	$2,050	$2,270	−$120 (−7.1%)	about the same as
53708	$1,200	$1,380	$1,570	$2,050	$2,270	−$120 (−7.1%)	about the same as
53711	$1,160	$1,340	$1,530	$2,020	$2,260	−$90 (−5.6%)	2% below
53713	$1,150	$1,340	$1,530	$2,020	$2,260	+$30 (+2.0%)	2% below
53714	$1,150	$1,340	$1,530	$2,020	$2,260	−$20 (−1.3%)	2% below
53715	$1,450	$1,670	$1,900	$2,500	$2,800	−$200 (−9.5%)	21% above
53716	$1,150	$1,340	$1,530	$2,020	$2,260	−$110 (−6.7%)	2% below
53717	$1,280	$1,470	$1,670	$2,180	$2,420	−$110 (−6.2%)	7% above
53718	$1,410	$1,630	$1,850	$2,420	$2,680	−$140 (−7.0%)	18% above
53719	$1,380	$1,590	$1,810	$2,370	$2,620	−$80 (−4.2%)	16% above
53725	$1,200	$1,380	$1,570	$2,050	$2,270	−$120 (−7.1%)	about the same as
53726	$1,270	$1,480	$1,700	$2,240	$2,510	−$180 (−9.6%)	9% above
53744	$1,200	$1,380	$1,570	$2,050	$2,270	−$120 (−7.1%)	about the same as
53792	$1,200	$1,380	$1,570	$2,050	$2,270	−$120 (−7.1%)	about the same as
53911	$1,150	$1,340	$1,530	$2,020	$2,260	−$10 (−0.6%)	2% below
53925	$1,150	$1,340	$1,530	$2,020	$2,260	+$200 (+15.0%)	2% below
53960	$1,150	$1,340	$1,530	$2,020	$2,260	+$200 (+15.0%)	2% below

Sources

U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).

Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.