The market for Madison apartments proposes fantastic
opportunities for renters today. Rents have not gone up much over the last
several years, and landlords often offer incentives to sign a lease with them.
It is not uncommon to get a month for free in older buildings or in overbuilt
neighborhoods. Without being a builder, or having equity to plug in, it is
difficult to get into the large apartment market in Madison.
The Madison apartment market is currently overbuilt, but with the countless
condo conversions popping up around every corner, and interest rates rising
along with building costs, apartments are poised to strengthen. Usually you
cannot expect to make money during the first few years of owning apartments,
but with fair appreciation, you can fund your losses with refinancing and wait
until rental rates go up to cash flow. Apartments offer fantastic tax incentives
and often the buildings can last for years and years if properly cared for.
According to the local renter's association and Madison's Start Renting magazine, some of the best-rated Madison landlords are: