Low Income Apartments and Affordable Housing For Rent in Madison County, MO

Discover affordable housing in Madison County where there are 12+ 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.

Cherokee Trails Apartments

416 N Chamber Dr, Fredericktown, Missouri 63645

Azalea Ridge Apartments

415 Madison St, Fredericktown, Missouri 63645

New Morning Apartments

204 N Chamber Dr, Fredericktown, Missouri 63645

St. Michaels Village

200 Spruce St, Fredericktown, Missouri 63645

Oaks Terrace Apartments

107 Spruce St, Fredericktown, Missouri 63645

Marquand Senior Housing CO Jane Tucker

604 S Harding St, Marquand, Missouri 63655

Fredericktown l Apartments

Garrett Street, Fredericktown, Missouri 63645

Fredericktown ll Apartments

200 Lockwood Dr., Fredericktown, Missouri 63645

Fredericktown Apartments IIl

200 Lockwood Dr., Fredericktown, Missouri 63645

Fredericktown Apartments III

300 Lockwood, Fredericktown, Missouri

Cherokee Trails Apartments - 99 - 113

Chamber St, Fredericktown, Missouri 63645

200 Watson Street

200 Watson St, Fredericktown, Missouri 0

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Madison County, Missouri
$15.09/hour
$2.79 (+23%) more than Missouri minimum wage and $7.84 (+108%) more than the Federal minimum wage.
Learn More About Madison County, Missouri Affordable Housing ↓

What HUD offices serve Madison County, Missouri?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Madison County, Missouri.

Go to the Missouri Public Housing and Low-Income Apartments Waiting Lists page for openings near Madison County.

How many renters live in Madison County, Missouri?

The County of Madison County has 12,649 people living in 4,633 households.

There are 2,744 renters living in 1,003 renter households in this County. Renters make up 21.69 percent of the population living in Madison County.

What is the rental market like in Madison County, Missouri?

There are an estimated 5,854 housing units in the Madison County area. Of these, 1,107 units are rental homes, making up 19 percent of the housing market. For every renter household in Madison County, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Madison County?

The rental vacancy rate in Madison County is 9 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 County for each bedroom size?

Occupied Rental Units by Size in Madison County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
33 183 455 244 47
Occupied Rental Units by Size in Madison County

A large number of apartments in Madison County 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 County are overburdened by housing costs?

Among renter households in this market, 41 percent have housing cost burden. Further, 18 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 County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $601 to $1,353. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $601
One BR $607
Two BR $797
Three BR $1,076
Four BR $1,353
2024 Fair Market Rents in Madison County, Missouri

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

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 16 48 percent
One BR 97 53 percent
Two BR 218 48 percent
Rental Units Below FMR in Madison County, Missouri

How many affordable rental units are in Madison County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 76
Section 202 Supportive Housing for the Elderly 18
Section 811 Supportive Housing for Persons with Disabilities 14
USDA Section 515 Rural Rental Housing 148
Tracked Units by Federal Program in Madison County, Missouri

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

Income Based Apartments in Madison County, Missouri

Madison County features 196 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 County, Missouri

There are 63 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Madison County.

Housing Choice Vouchers in Madison County, Missouri

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Madison County, Missouri for a two-bedroom apartment is between $717 and $877.

Sourced from federal housing data and AffordableHousingOnline.com research.