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RentData.org Logo Madison Parish Fair Market Rent FY 2023 Madison Parish, LA Rental Data

Fair Market Rent Prices in Madison Parish, LA :
$563 $566 $740 $1,026 $1,247
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Madison Parish are very low compared to the national average. This FMR area is less expensive than 81% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Madison Parish is $740 per month.

The previous year, rent for a two-bedroom home was $696 per month. This is a 6.32% increase year-over-year.

This FMR rate applies to Delta, LA, Tallulah, LA and other cities within the region. The Metro Code or CBSA code for this region is NCNTY22065N22065.

Additionally, This Fair Market Rent (FMR) area Madison Parish, LA spans one county or city in Louisiana which is listed in the table below. Estimated population of Madison Parish, LA FMR area is 11,137 people based on latest Census data.

Compared to the rest of Louisiana, the Madison Parish FMR area is less expensive than 54% 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 Madison Parish. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Madison Parish

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 $ 591
1-BR 1-Bedroom $ 595
2-BR 2-Bedroom $ 778
3-BR 3-Bedroom $ 1078
4-BR 4-Bedroom $ 1311
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Madison Parish, LA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Monroe - El Dorado.

County / Region Est. Population
Madison Parish, LA 11,137
Zip Codes in Madison Parish, LA

There are 2 unique zip codes in this Fair Market Rent (FMR) area:

71233 and 71282

Lookup Fair Market Rent by Zip Code

What's Next?

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