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RentData.org Logo Madera Fair Market Rent FY 2023 Madera, CA MSA Rental Data

Fair Market Rent Prices in Madera, CA :
$967 $973 $1,258 $1,784 $1,971
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Madera are very high compared to the national average. This FMR area is more expensive than 92% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Madera is $1,258 per month.

The previous year, rent for a two-bedroom home was $1,198 per month. This is a 5.01% increase year-over-year.

This FMR rate applies to O Neals, CA, Wishon, CA, Bass Lake, CA, Raymond, CA, Ahwahnee, CA, North Fork, CA, Oakhurst, CA, Coarsegold, CA, Chowchilla, CA, Madera, CA and other cities within the region. The Metro Code or CBSA code for this region is METRO31460M31460.

Additionally, This Fair Market Rent (FMR) area Madera, CA MSA spans one county or city in California which is listed in the table below. Estimated population of Madera, CA MSA FMR area is 155,925 people based on latest Census data.

Compared to the rest of California, the Madera FMR area is less expensive than 56% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Madera. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Madera

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 1042
1-BR 1-Bedroom $ 1048
2-BR 2-Bedroom $ 1355
3-BR 3-Bedroom $ 1922
4-BR 4-Bedroom $ 2123
Change Year:

There is just one county (listed below) within the Madera, CA MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Fresno - Visalia.

County / Region Est. Population
Madera, CA Metro 155,925
Zip Codes in Madera, CA MSA

There are 13 unique zip codes in this Fair Market Rent (FMR) area:

93601, 93604, 93610, 93614, 93636, 93637, 93638, 93639, 93643, 93644, 93645, 93653 and 93669

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