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

Discover affordable housing in Madison where there are 11+ 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.

Gateway Apartments-John Hamm lll

1676 Market St, Madison, Illinois 62060

Chestnut Mainstay II

1411 6th St, Madison, Illinois 62060

Madison Senior Apartments

1601 Market St, Madison, Illinois 62060

Washington Avenue Apartments

Market St And Washington Ave, Madison, Illinois 62060

Washington Avenue Apartments

1636 Market St, Madison, Illinois 62060

Greenwood Senior Apartments

1026 Greenwood St, Madison, Illinois 62060

Chestnut Madison Recovery

604 State St, Madison, Illinois 62060

Market St

1507 Market St, Madison, Illinois 62060

Greenwood Avenue Senior Apartments

1200 Greenwood St, Madison, Illinois 62060

1234 - 36 Madison

1234 Madison Ave, Madison, Illinois 62060

Washington Avenue Housing Development

Market And 2nd St, Madison, Illinois 62060

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Madison, Illinois

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.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Madison, Illinois
$22.90/hour
$8.90 (+64%) more than Illinois minimum wage and $15.65 (+216%) more than the Federal minimum wage.
Learn More About Madison, Illinois Affordable Housing ↓

What HUD offices serve Madison, Illinois?

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), Public Housing, Family Self-Sufficiency programs for Madison, Illinois.

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

How many renters live in Madison, Illinois?

The City of Madison has people living in households.

There are renters living in renter households in this City. Renters make up 38.03 percent of the population living in Madison.

What is the rental market like in Madison, Illinois?

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, Illinois, there are 1.08 rental units.

What is the vacancy rate for rentals in Madison?

The rental vacancy rate in Madison 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 Madison for each bedroom size?

Occupied Rental Units by Size in Madison
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
8 128 393 107 0
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 $928 to $1,818. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $928
One BR $972
Two BR $1,209
Three BR $1,565
Four BR $1,818
2024 Fair Market Rents in Madison, Illinois

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 8 100 percent
One BR 117 91 percent
Two BR 281 72 percent
Rental Units Below FMR in Madison, Illinois

How many affordable rental units are in Madison?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 811 Supportive Housing for Persons with Disabilities
Tracked Units by Federal Program in Madison, Illinois

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

Income Based Apartments in Madison, Illinois

Madison features 30 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, Illinois

There are 185 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Madison.

Housing Choice Vouchers in Madison, Illinois

On average, Section 8 Housing Choice vouchers pay Madison landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Madison.

The maximum amount a voucher would pay on behalf of a low-income tenant in Madison, Illinois for a two-bedroom apartment is between $1,088 and $1,330.

Sourced from federal housing data and AffordableHousingOnline.com research.