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Rent by ZIP · Madison County

Rent in Madison, FL 32340

HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $990 (-9.2% vs FY2026). Renters in this ZIP code pay a median $904 a month, including utilities.

Rent by number of bedrooms

SizeSAFMR FY2027FY2026ChangeTypical voucher rangeCensus median rent
Studio$800$880-9.1%$720–880–
1 bedroom$900$970-7.2%$810–990$410 ±$143
2 bedrooms$990$1,090-9.2%$891–1,089$842 ±$81
3 bedrooms$1,280$1,400-8.6%$1,152–1,408$1,254 ±$223
4 bedrooms$1,400$1,550-9.7%$1,260–1,540–

Small Area FMRs for the Madison County, FL. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.

Area-wide FMR for Madison County, FL, 2 bedrooms: $978.

What renters pay in 32340

Median gross rent$904±$147 · all sizes
Renter households1,32535% of occupied homes
No cash rent145households

How rents are spread

Under $1,00057%
$1,000–1,49934%
$1,500–1,9997%
$2,000–2,4990%
$2,500–2,9990%
$3,000–3,4990%
$3,500+2%

Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).

Nearby ZIP codes

ZIPPlace2-bedroom FMRCensus median, 2 bedrooms
32343Midway$1,260$1,144
32336Lamont$1,320–
32344Monticello$1,220$840
32334Hosford$990–
32346Panacea$1,360–
32333Havana$1,220$1,081

Fair Market Rents across Madison County, FL · All FL counties · What is Fair Market Rent?

Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.