Rent Your Vacation Home or Condo in Madison, Wisconsin

You might be surprised to hear that Madison is one of the most popular places for short-term renting in the United States. The city is home to a large number of affordable vacation rental properties and Madison has a wide range of attractions to offer visitors, including beautiful lakes, parks and hiking trails. There are also plenty of fun things to discover off the beaten track in Madison, such as local wineries, breweries and arts centres. There’s also plenty to do during the day if you prefer to relax indoors, with cafés and yoga studios available across the city. The cost of living in Madison is reasonable, with accommodation typically costing between $100 and $150 per night. The average daily rate for short-term renting in Madison is around $50. You can also save on food costs by cooking meals yourself instead of eating out every day. All in all, there are plenty of reasons why you might want to consider renting out your house for short-term rentals when you visit Madison.

When partnering with RedAwning for your property management needs, we can make sure your Madison rental is set up correctly and ready to generate the most amount of revenue possible per stay.

Current Vacation Rental Trends in Madison

During the month of January, Madison is projected to generate over $215/night for a 2 bedroom vacation rental, on average! There were 275 vacation active rental properties in Madison.  207 are renting the entire place, and 68 are shared rooms.  On average, during the month of January 2023, each vacation rental property in Madison is booked 68% of the time, and most hosts are projected to generate $2,880 or more during the month of January! See how much you could earn with our free vacation rental income calculator.
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$215.00 Per Night*

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68% Occupied*

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$2,880.00 Per Month*

* Based on the median average of all vacation rentals in the Madison area.
Get a free estimate for your home or condo.

Vacation Rentals in Madison are generating record profits with RedAwning.
Find out how you can exceed your revenue goals with RedAwning's property management resources.

Successful short-term vacation rentals in Madison, Wisconsin

One of the best things about renting out your Madison home as a short-term rental is that you can be your own boss. After all, you are in control of when and how you want to run the property. You can decide when to take the summer off from work or simply turn it into an office during the week. Another benefit of short-term rentals is that you can enjoy the benefits of a vacation home without taking on all of the responsibilities. When you rent out your Madison house as a short-term rental, you can leave most of the maintenance to other people (and get some much-needed R&R). When you rent out your Madison home as a short-term rental, you can also save some money. You will typically be able to keep all of the revenue generated by renting out your property, so you will end up making money even if it’s just for a few days.

Positive vacation rental trends in Madison, Wisconsin when you considering renting out your Madison home as a short-term rental include: There is steady growth in the number of Madison vacation rentals. The city’s hotels are filled to capacity during the busy summer months, so many homeowners turn to Airbnb and VRBO to make some extra money. While this is good news for travelers looking for accommodations close to downtown Madison, it can also be bad news for homeowners who lose money by renting out their house as an Airbnb instead of staying in it themselves. When you rent out your Madison home on a short-term basis, there is no guarantee that you will be able to return after the summer. You could be forced to spend the winter months living elsewhere or find yourself stuck with high mortgage payments if Airbnb takes longer than expected to recover its costs.

RedAwning takes the guess-work out of Madison property management, and we work with you to ensure your Madison short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.

See how much your Madison vacation rental could earn:

Revenue Projections for Vacation Rentals in Madison, Wisconsin during February, 2023

Based on a 2 bedroom, which is the most common Madison vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in February. Higher bars below can command higher prices, if your Madison vacation rental is available during these days.
 
$15288%1st
 
$15888%2nd
 
$19689%3rd
 
$19789%4th
 
$17088%5th
 
$16988%6th
 
$17388%7th
 
$17287%8th
 
$17787%9th
 
$19786%10th
 
$19785%11th
 
$16985%12th
 
$16985%13th
 
$16185%14th
 
$16385%15th
 
$16786%16th
 
$19988%17th
 
$20288%18th
 
$17485%19th
 
$16785%20th
 
$16585%21st
 
$16485%22nd
 
$17387%23rd
 
$20188%24th
 
$19887%25th
 
$16686%26th
 
$16284%27th
 
$16584%28th
 

Average Daily Price & Percent Occupied Next Month In Madison

Note: These averages are based on a 2 bedroom home in Madison. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our  free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.

Interested in learning how you can maximize your vacation rental revenue in Madison, Wisconsin?

If you are a speculative home buyer or have another home in Wisconsin, check out our other Wisconsin Vacation Rental Management reports in Green BayKohlerMilwaukeeSturgeon BayKenoshaRacineCableBirchwoodHaywardFort AtkinsonMountainArkdaleClam LakeRice LakeWauwatosaWinterOshkoshShawanoAshwaubenonWausaukeeBellevue,  and Allouez, Wisconsin or view all of our vacation rental market reports

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