Low Income Apartments and Affordable Housing For Rent in Madison Parish, LA

Discover affordable housing in Madison Parish where there are 15+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Wyche Apartments

218 Thomas St, Tallulah, Louisiana 71282

Tallulah Cove Apartments

300 S Elm St, Tallulah, Louisiana 71282

Toneys Villa Apartments

409 Clover St, Tallulah, Louisiana 71282

Martin Luther King Apartments

400 Henderson St, Tallulah, Louisiana 71282

Countryside Village Apartments

300 Claxton St, Tallulah, Louisiana 71282

Country Meadows

802 N Cedar St, Tallulah, Louisiana 71282

Orange Blossom Apartments

801 Bailey St, Tallulah, Louisiana 71282

Madison Community

800 Tank Street, Tallulah, Louisiana 71282

Madison Place Apartments

902 N Beech St, Tallulah, Louisiana 71282

Toney Villa Apartments

400 Clover St, Tallulah, Louisiana 71282

Elm Street Village

410 N Elm St, Tallulah, Louisiana 71282

Tallulah Square Apartments

705 W Scott St, Tallulah, Louisiana 71282

Southside Apts

408 Clover St, Tallulah, Louisiana

Riverbend Apts

209 Ouachita Ave, Delta, Louisiana

Kelleys Apts

110 Kirby Street, Tallulah, Louisiana

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Madison Parish, Louisiana
$15.57/hour
$8.32 (+115%) more than Louisiana minimum wage and $8.32 (+115%) more than the Federal minimum wage.
Learn More About Madison Parish, Louisiana Affordable Housing ↓

How many renters live in Madison Parish, Louisiana?

The County of Madison Parish has 10,028 people living in 3,092 households.

There are 4,044 renters living in 1,379 renter households in this County. Renters make up 40.33 percent of the population living in Madison Parish.

What is the rental market like in Madison Parish, Louisiana?

There are an estimated 4,391 housing units in the Madison Parish area. Of these, 1,639 units are rental homes, making up 37 percent of the housing market. For every renter household in Madison Parish, Louisiana, there are 1 rental units.

What is the vacancy rate for rentals in Madison Parish?

The rental vacancy rate in Madison Parish is 15 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Madison Parish for each bedroom size?

Occupied Rental Units by Size in Madison Parish
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
134 135 220 772 83
Occupied Rental Units by Size in Madison Parish

A large number of apartments in Madison Parish have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Madison Parish are overburdened by housing costs?

Among renter households in this market, 40 percent have housing cost burden. Further, 17 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Madison Parish

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $621 to $1,395. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $621
One BR $626
Two BR $822
Three BR $1,068
Four BR $1,395
2024 Fair Market Rents in Madison Parish, Louisiana

How many units are rented at Fair Market Rent (FMR) in Madison Parish?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 53 40 percent
One BR 121 90 percent
Two BR 146 66 percent
Rental Units Below FMR in Madison Parish, Louisiana

How many affordable rental units are in Madison Parish?

There are a variety of federal affordable housing programs serving households in Madison Parish, Louisiana including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 136
Section 8 Project-Based Rental Assistance 150
Section 202 Supportive Housing for the Elderly 14
USDA Section 515 Rural Rental Housing 293
Tracked Units by Federal Program in Madison Parish, Louisiana

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Madison Parish, Louisiana

Madison Parish features 425 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Madison Parish, Louisiana

There are 19 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Madison Parish.

Housing Choice Vouchers in Madison Parish, Louisiana

On average, Section 8 Housing Choice vouchers pay Madison Parish landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Madison Parish.

The maximum amount a voucher would pay on behalf of a low-income tenant in Madison Parish, Louisiana for a two-bedroom apartment is between $740 and $904.

Sourced from federal housing data and AffordableHousingOnline.com research.