Low Income Apartments and Affordable Housing For Rent in Madisonville, TN

Discover affordable housing in Madisonville 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.

Cumberland View Towers

1201 Cheyenne Blvd, Madisonville, Tennessee 37115

Charter Village Apartments

333 Rio Vista Dr, Madisonville, Tennessee 37115

The Briarville

600 Creative Way, Madisonville, Tennessee 37115

808 at Skyline Ridge

808 Old Due West Ave, Madisonville, Tennessee 37115

Island Grove

150 Willow Creek Drive, Madisonville, Tennessee 37354

Ridgeway Apartments

255 Ball Play Rd, Madisonville, Tennessee 37354

Old Saybrook Apartments

529 Isbill Rd, Madisonville, Tennessee 37354

Laurel Place Apartments

121 Helms Drive, Madisonville, Tennessee 37354

Crestview Apartments

128 Van St, Madisonville, Tennessee 37354

Pedigo I Apartments

316 Willow Creek Dr, Madisonville, Tennessee 37354

Pedigo II Apartments

301 Willow Creek Dr, Madisonville, Tennessee 37354

River Retreat Apartments

800 Cheyenne Blvd., Madisonville, Tennessee 37115

Cloverleaf Apartments

121 Wayman Rd, Madisonville, Tennessee 37354

Sequoyah Village

359 Tellico St S, Madisonville, Tennessee 37354

Hdccv Pedigo II

Pedigo Rd, Madisonville, Tennessee 37354

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Madisonville, Tennessee
$16.31/hour
$9.06 (+125%) more than Tennessee minimum wage and $9.06 (+125%) more than the Federal minimum wage.
Learn More About Madisonville, Tennessee Affordable Housing ↓

What HUD offices serve Madisonville, Tennessee?

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), Family Self-Sufficiency, Mainstream Voucher, Homeownership programs for Madisonville, Tennessee.

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

How many renters live in Madisonville, Tennessee?

The City of Madisonville has 5,120 people living in 2,090 households.

There are 1,507 renters living in 820 renter households in this City. Renters make up 29.43 percent of the population living in Madisonville.

What is the rental market like in Madisonville, Tennessee?

There are an estimated 2,248 housing units in the Madisonville area. Of these, 881 units are rental homes, making up 39 percent of the housing market. For every renter household in Madisonville, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Madisonville?

The rental vacancy rate in Madisonville is 7 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 Madisonville for each bedroom size?

Occupied Rental Units by Size in Madisonville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
158 147 262 130 20
Occupied Rental Units by Size in Madisonville

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

Among renter households in this market, 24 percent have housing cost burden. Further, 16 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 Madisonville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $584 to $1,176. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $584
One BR $685
Two BR $861
Three BR $1,153
Four BR $1,176
2024 Fair Market Rents in Madisonville, Tennessee

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

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 158 100 percent
One BR 112 76 percent
Two BR 146 56 percent
Rental Units Below FMR in Madisonville, Tennessee

How many affordable rental units are in Madisonville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 113
Section 8 Project-Based Rental Assistance 44
Section 202 Supportive Housing for the Elderly 14
Section 811 Supportive Housing for Persons with Disabilities 14
USDA Section 515 Rural Rental Housing 72
Tracked Units by Federal Program in Madisonville, Tennessee

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

Income Based Apartments in Madisonville, Tennessee

Madisonville features 575 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 Madisonville, Tennessee

There are 617 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Madisonville.

Housing Choice Vouchers in Madisonville, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Madisonville, Tennessee for a two-bedroom apartment is between $775 and $947.

Sourced from federal housing data and AffordableHousingOnline.com research.