Rent by ZIP · Lake County
Rent in Madison, SD 57042
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,150 (+19.8% vs FY2026). Renters in this ZIP code pay a median $963 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $800 | $680 | +17.6% | $720–880 | – |
| 1 bedroom | $890 | $800 | +11.3% | $801–979 | $837 ±$178 |
| 2 bedrooms | $1,150 | $960 | +19.8% | $1,035–1,265 | $1,020 ±$198 |
| 3 bedrooms | $1,430 | $1,280 | +11.7% | $1,287–1,573 | $1,051 ±$139 |
| 4 bedrooms | $1,920 | $1,610 | +19.3% | $1,728–2,112 | $1,193 ±$301 |
Small Area FMRs for the Lake County, SD. This ZIP code is in more than one HUD area; figures are for the main one. 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 Lake County, SD, 2 bedrooms: $1,154.
What renters pay in 57042
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 57043 | Marion | $1,050 | $807 |
| 57040 | Lesterville | $1,070 | – |
| 57039 | Lennox | $1,110 | $742 |
| 57045 | Menno | $1,050 | – |
| 57038 | Jefferson | $1,130 | $929 |
| 57046 | Mission Hill | $1,050 | – |
Fair Market Rents across Lake County, SD · All SD 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.