Madison County, Florida rent (HUD Fair Market Rents, FY2027)
HUD's Fair Market Rent for a 2-bedroom in Madison County is $978 a month for FY2027 (HUD, effective Oct 1, 2026; verified Oct 22, 2026). Inside the county, HUD's Small Area FMRs for a 2-bedroom range from $980 (ZIP 32059) to $1,220 (ZIP 32331).
Last updated Oct 22, 2026 · Last verified Oct 22, 2026
Data: HUD FY2027 (effective Oct 1, 2026)
How much is rent for a 2-bedroom in Madison County?
HUD's FY2027 Fair Market Rent for a 2-bedroom in Madison County, Florida is $978 a month, including utilities. Studios are $786 and 3-bedrooms are $1,260.
| Unit size | FY2027 rent | FY2026 rent | Change |
|---|---|---|---|
| Studio (0-bedroom) | $786 | $873 | −$87 (-10.0%) |
| 1-bedroom | $873 | $969 | −$96 (-9.9%) |
| 2-bedroom | $978 | $1,086 | −$108 (-9.9%) |
| 3-bedroom | $1,260 | $1,400 | −$140 (-10.0%) |
| 4-bedroom | $1,389 | $1,543 | −$154 (-10.0%) |
Madison County is part of the Madison County, FL.
Is rent in Madison County higher than the Florida average?
Madison County's 2-bedroom FMR is $496 below the median Florida county ($1,474), ranking 60 of 67.
- $953–$1,040
- $1,041–$1,323
- $1,324–$1,650
- $1,651–$1,916
- $1,917–$2,564
What is rent by ZIP code in Madison County?
HUD publishes Small Area FMRs for 4 ZIP codes in Madison County. Inside the county, HUD's Small Area FMRs for a 2-bedroom range from $980 (ZIP 32059) to $1,220 (ZIP 32331).
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 32059 | $790 | $880 | $980 | $1,260 | $1,390 |
| 32331 | $990 | $1,090 | $1,220 | $1,510 | $1,620 |
| 32340 | $800 | $900 | $990 | $1,280 | $1,400 |
| 32350 | $820 | $900 | $1,010 | $1,310 | $1,390 |
How does Madison County compare with the median Florida county?
The table compares every unit size with the median of Florida's 67 county FMRs.
| Unit size | Madison County | Median Florida county | Difference |
|---|---|---|---|
| Studio (0-bedroom) | $786 | $1,186 | −$400 |
| 1-bedroom | $873 | $1,264 | −$391 |
| 2-bedroom | $978 | $1,474 | −$496 |
| 3-bedroom | $1,260 | $1,837 | −$577 |
| 4-bedroom | $1,389 | $2,028 | −$639 |
Compare Madison County with another place →
What is a Fair Market Rent?
A Fair Market Rent (FMR) is HUD's estimate of the 40th percentile gross rent (rent plus utilities) for standard-quality units rented by recent movers in a metro area or nonmetro county. HUD uses it to set Housing Choice Voucher limits. It is not an average asking rent.
Sources
- HUD FY2027 Fair Market Rents, county-level data file (effective Oct 1, 2026) (verified Oct 22, 2026)
- Federal Register notice of FY2027 FMRs (91 FR 56156): effective October 1, 2026 (verified Oct 22, 2026)
- HUD: FY2027 FMR reevaluation requests (no Florida areas listed) (verified Oct 22, 2026)
- HUD FY2027 Fair Market Rent schedule (PDF) (verified Oct 22, 2026)
- HUD USER: Fair Market Rents (definitions and documentation) (verified Oct 22, 2026)
- HUD FY2026 Fair Market Rents, county-level data file (revised; prior-year column) (verified Oct 22, 2026)
- HUD FY2027 Small Area Fair Market Rents data file (effective Oct 1, 2026) (verified Oct 22, 2026)
Last updated: Oct 22, 2026 · Next review: Jan 15, 2027 · Download CSV (county FMRs) · Download CSV (ZIP and city SAFMRs) · Methodology