Low Income Apartments and Affordable Housing For Rent in Madison, AL

Discover affordable housing in Madison where there are 46+ 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.

Stoneridge Villas

1700 Balch Rd, Madison, Alabama 35749

bed 1-2
payment $1115-1228/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Timberline Apartments

4998 Wall Triana Hwy, Madison, Alabama 35758

switch_access_shortcut Short Wait

Dublin Village

106 W Dublin Dr , Madison, Alabama 35758

payment Subsidized
elderly Senior
accessibility Accessible

1010 Elliston

1010 Elliston Pl NW, Madison, Alabama 35757

bed Studio-3
payment $882-1496/mo.

Madison Pines Apartment Homes

340 Gillespie Rd, Madison, Alabama 35758

bed 3
payment $1365/mo.

Charleston Oaks Apartments

222 S Kyser Blvd, Madison, Alabama 35758

bed 1-2
payment $991-1040/mo.

Elements of Madison Apartments

101 Royal Dr, Madison, Alabama 35758

bed 2-3
payment $1096-1426/mo.

Hawthorne at the Ridge

201 Water Hill Rd, Madison, Alabama 35758

bed 1-3
payment $924-1378/mo.

Ballpark Apartments @ Town Madison

200 Town Madison Blvd, Madison, Alabama 35758

bed 1-3
payment $1065-1570/mo.

Zen Garden

1709 Slaughter Rd NW, Madison, Alabama 35758

bed 1
payment $999/mo.

Henry House at Clift Farm

1435 Balch Rd, Madison, Alabama 35757

bed 3
payment $1572/mo.

Magnolia Pointe at Madison

7900 Old Madison Pike, Madison, Alabama 35758

bed 2-3
payment $1109-1230/mo.

FarmHaus

1260 Balch Rd, Madison, Alabama 35757

bed 3
payment $1451/mo.

The Edison at Madison

100 Edison Ave NW, Madison, Alabama 35757

bed 1
payment $1020/mo.

Revere at River Landing

30 E Revere Blvd, Madison, Alabama 35756

bed 1-3
payment $1049-1559/mo.

Madison Landing at Research Park and the C...

2002 Flagstone Dr, Madison, Alabama 35758

bed 1-3
payment $1023-1437/mo.

MAA Madison Lakes

2300 Colonial Lake Dr, Madison, Alabama 35758

bed 3
payment $1588/mo.

126 NW Imogene Way

126 NW Imogene Way, Madison, Alabama 35758

bed 4
payment $1850/mo.

26270 Beech Grv Ln NW

26270 Beech Grv Ln NW, Madison, Alabama 35756

bed 4
payment $1899/mo.

140 David Barnes Dr

140 David Barnes Dr, Madison, Alabama 35756

bed 3
payment $1595/mo.

How To Identify Affordable Housing in Madison, Alabama

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Madison, Alabama
$23.64/hour
$16.39 (+226%) more than Alabama minimum wage and $16.39 (+226%) more than the Federal minimum wage.
Learn More About Madison, Alabama Affordable Housing ↓

How many renters live in Madison, Alabama?

The City of Madison has people living in households.

There are renters living in renter households in this City. Renters make up 19.44 percent of the population living in Madison.

What is the rental market like in Madison, Alabama?

There are an estimated housing units in the Madison area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Madison, Alabama, there are 1.03 rental units.

What is the vacancy rate for rentals in Madison?

The rental vacancy rate in Madison is 1 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

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

Occupied Rental Units by Size in Madison
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
137 1,180 2,050 1,754 318
Occupied Rental Units by Size in Madison

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

How Much Is Rent in Madison

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $900 to $1,937. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $900
One BR $1,067
Two BR $1,248
Three BR $1,619
Four BR $1,937
2024 Fair Market Rents in Madison, Alabama

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

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 29 21 percent
One BR 512 43 percent
Two BR 1,246 61 percent
Rental Units Below FMR in Madison, Alabama

How many affordable rental units are in Madison?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 202 Supportive Housing for the Elderly
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Madison, Alabama

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

Income Based Apartments in Madison, Alabama

Madison features 167 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, Alabama

There are 390 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Madison.

Housing Choice Vouchers in Madison, Alabama

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Madison, Alabama for a two-bedroom apartment is between $1,123 and $1,373.

Sourced from federal housing data and AffordableHousingOnline.com research.

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