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

Discover affordable housing in Madison County where there are 83+ 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.

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

What HUD offices serve Madison County, 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 County, Illinois.

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

How many renters live in Madison County, Illinois?

The County of Madison County has 263,864 people living in 110,080 households.

There are 66,446 renters living in 31,737 renter households in this County. Renters make up 25.18 percent of the population living in Madison County.

What is the rental market like in Madison County, Illinois?

There are an estimated 119,193 housing units in the Madison County area. Of these, 33,357 units are rental homes, making up 28 percent of the housing market. For every renter household in Madison County, Illinois, there are 1 rental units.

What is the vacancy rate for rentals in Madison County?

The rental vacancy rate in Madison County is 3 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 County for each bedroom size?

Occupied Rental Units by Size in Madison County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
1,478 6,670 14,075 7,418 1,175
Occupied Rental Units by Size in Madison County

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

Among renter households in this market, 45 percent have housing cost burden. Further, 20 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 Madison County

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 County, Illinois

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

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 1,238 84 percent
One BR 5,255 79 percent
Two BR 11,033 78 percent
Rental Units Below FMR in Madison County, Illinois

How many affordable rental units are in Madison County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 1,541
Public Housing 802
Section 8 Project-Based Rental Assistance 1,362
Section 811 Supportive Housing for Persons with Disabilities 80
USDA Section 515 Rural Rental Housing 226
Tracked Units by Federal Program in Madison County, Illinois

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

Income Based Apartments in Madison County, Illinois

Madison County features 2,715 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 County, Illinois

There are 1,161 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Madison County.

Housing Choice Vouchers in Madison County, Illinois

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.