Gateway Apartments-John Hamm lll

1676 Market St
Madison, Illinois

Market St

1507 Market St
Madison, Illinois

Washington Avenue Apartments

Market St And Washington Ave
Madison, Illinois

Washington Avenue Apartments

1636 Market St
Madison, Illinois

Greenwood Senior Apartments

1026 Greenwood St
Madison, Illinois

Chestnut Madison Recovery

604 State St
Madison, Illinois

Greenwood Avenue Senior Apartments

1200 Greenwood St
Madison, Illinois

Madison Senior Apartments

1601 Market St
Madison, Illinois

Chestnut Mainstay II

1411 6th St
Madison, Illinois
Rent Assisted
Disabled Supportive Housing

1234 - 36 Madison

1234 Madison Ave
Madison, Illinois

There are 165 low-income apartments in Madison that offer reduced rents to eligible households.

Rental assistance programs support 128 low-income homes in Madison where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $356 towards rent each month.

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Affordable rent data for some communities last confirmed on October 1st, 2021. Subdsidized rents typically change once a year based on federal guidance.

Affordable Housing Near Madison

View affordable apartments and waiting lists in cities near Madison

City Apartments
Alton, IL Affordable Housing programs support 19 apartment communities in Alton.
Granite City, IL Affordable Housing programs support 11 apartment communities in Granite City.
Highland, IL Affordable Housing programs support 7 apartment communities in Highland.
Godfrey, IL Affordable Housing programs support 6 apartment communities in Godfrey.
Troy, IL Affordable Housing programs support 5 apartment communities in Troy.

Public Housing Agencies Serving 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.

Housing Authority Programs
Madison County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency
Go to the Illinois Public Housing and Low-Income Apartments Waiting Lists page for openings near Madison.

Madison, Illinois Affordable Housing Data

Income Based Apartments in Madison, Illinois

Madison features 128 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 165 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 $899 and $1,099.

2023 Madison, Illinois Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Madison, Illinois Fair Market Rent $748 $795 $999 $1,294 $1,512
Madison, Illinois Payment Standard Range $673 to $823 $716 to $875 $899 to $1,099 $1,165 to $1,423 $1,361 to $1,663

Sourced from federal housing data and research.

Madison, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 293
Total Housing Units with Rental Assistance 128
Percentage of Housing Units Occupied By Renters 53.53%
Average Renter Household Size 2.54
Average Household Size 2.53
Median Household Income $22,266 ±$3,607
Median Rent $760 ±$176
Percentage Of Renters Overburdened 42.47% ± 12.44pp
Total Population 4,063

Population and Household Demographics

Madison is a city in Madison County, Illinois with a population of 4,063. There are 1,588 households in the city with an average household size of 2.53 persons. 53.53% of households in Madison are renters.

Income and Rent Overburden in Madison

The median gross income for households in Madison is $22,266 a year, or $1,856 a month. The median rent for the city is $760 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Madison, a household making less than $2,533 a month would be considered overburdened when renting an apartment at or above the median rent. 42.47% of households who rent are overburdened in Madison.

Area Median Income In Madison

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Madison, the AMI is calculated from all households within Madison County.

In Madison, HUD calculates the Area Median Income for a family of four as $97,200

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Madison

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Madison

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30% AMI Income Limits
Renters earning up to 30% of the Madison AMI may qualify for rental assistance programs that target Extremely Low Income households.
$19,950 $22,800 $25,650 $28,450 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Madison AMI may qualify for rental assistance programs that target Very Low Income households.
$33,250 $38,000 $42,750 $47,450 $51,250 $55,050 $58,850 $62,650
80% AMI Income Limits
Renters earning up to 80% of the Madison AMI may qualify for rental assistance programs that target Low Income households.
$53,150 $60,750 $68,350 $75,900 $82,000 $88,050 $94,150 $100,200