Low Income Apartments and Affordable Housing For Rent in Madill, OK

Discover affordable housing in Madill where there are 3+ 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.

Ridgeview Drive Apartments

1036 Ridgeview Dr, Madill, Oklahoma 73446

Madill Affordable Housing II

Carilyn St, Madill, Oklahoma 73446

Park Place Apartments CO Texoma Agency

611 S 8th Ave, Madill, Oklahoma 73446

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Madill, Oklahoma
$16.88/hour
$9.63 (+133%) more than Oklahoma minimum wage and $9.63 (+133%) more than the Federal minimum wage.
Learn More About Madill, Oklahoma Affordable Housing ↓

What HUD offices serve Madill, Oklahoma?

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 Public Housing programs for Madill, Oklahoma.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Madill, Oklahoma.

Go to the Oklahoma Public Housing and Low-Income Apartments Waiting Lists page for openings near Madill.

How many renters live in Madill, Oklahoma?

The City of Madill has 3,929 people living in 1,326 households.

There are 1,028 renters living in 439 renter households in this City. Renters make up 26.16 percent of the population living in Madill.

What is the rental market like in Madill, Oklahoma?

There are an estimated 1,544 housing units in the Madill area. Of these, 477 units are rental homes, making up 31 percent of the housing market. For every renter household in Madill, Oklahoma, there are 1 rental units.

What is the vacancy rate for rentals in Madill?

The rental vacancy rate in Madill is 8 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 Madill for each bedroom size?

Occupied Rental Units by Size in Madill
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 89 180 159 11
Occupied Rental Units by Size in Madill

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

Among renter households in this market, 20 percent have housing cost burden. Further, 11 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 Madill

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $677 to $1,187. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $677
One BR $678
Two BR $891
Three BR $1,129
Four BR $1,187
2024 Fair Market Rents in Madill, Oklahoma

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

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
One BR 84 94 percent
Two BR 147 82 percent
Rental Units Below FMR in Madill, Oklahoma

How many affordable rental units are in Madill?

There are a variety of federal affordable housing programs serving households in Madill, Oklahoma including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 53
Public Housing 44
Section 8 Project-Based Rental Assistance 28
USDA Section 515 Rural Rental Housing 28
Tracked Units by Federal Program in Madill, Oklahoma

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

Income Based Apartments in Madill, Oklahoma

Madill features 28 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 Madill, Oklahoma

There are 57 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Madill.

Housing Choice Vouchers in Madill, Oklahoma

On average, Section 8 Housing Choice vouchers pay Madill landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Madill.

The maximum amount a voucher would pay on behalf of a low-income tenant in Madill, Oklahoma for a two-bedroom apartment is between $802 and $980.

Sourced from federal housing data and AffordableHousingOnline.com research.