Madison County, FL

2024 Fair Market Rents

Tags: 2024 40th percentile Florida

Return to the state page to see where Florida ranks nationally and to view information on other counties. Click on the map to view a different county.

The top three largest cities in Madison County are Madison, Lee, and Pinetta. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Madison County use?

No Small Area Fair Market Rents were created by the HUD for this county/Metro FMR Area therefore Madison County uses 40th percentile Fair Market Rents.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Madison County compare?

Madison County ($905) has a 33.4% lower FMR for 2-Bedroom housing than the average of Florida ($1,359) and therefore has a lower gross rent.

Madison County is rank 54th out of 67 counties. This means the FMRs, or in other words, the gross rent is lower than 53 other counties. Madison County is the 14th cheapest county in terms of FMRs.

Rent Tables Madison County, FL

Fair Market Rent (40th Percentile)

$736
studio
$778
1-Bedroom
$905
2-Bedroom
$1,156
3-Bedroom
$1,481
4-Bedroom

Median Rent (50th Percentile)

$736
studio
$778
1-Bedroom
$905
2-Bedroom
$1,156
3-Bedroom
$1,481
4-Bedroom

Fair Market Rents on this page apply to the following cities in Madison County, Florida: Madison, Lee, and Pinetta.

These Fair Market Rents also apply to the following ZIP codes in Madison County, Florida: 32340, 32059, and 32350.

More on Madison County, FL

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Data Source

HUD Seal

Fair Market Rents are published by the Department of Housing And Urban Development.