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

Discover affordable housing in Madison County where there are 75+ 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.

Fairington of Anderson

1430 East 60th Street, Anderson, Indiana 46013

bed 1
payment Subsidized

Longfellow Plaza Apartments

319 E 12th Street, Anderson, Indiana 46016

bed Studio-2
payment Subsidized
elderly Senior

Parkview Place

28 West 12th Street , Anderson, Indiana 46106

bed 1-2

Central School Senior Apartments - Anderson

2120 Central Ave, Anderson, Indiana 46016

bed 1-2
switch_access_shortcut Short Wait
accessibility Accessible

Lincolnwood Estates

306 Lincolnwood Drive, Alexandria, Indiana 46001

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Ashbury Pointe Apartments

201 Ashwood Drive, Pendleton, Indiana 46064

switch_access_shortcut Short Wait
accessibility Accessible

Sun Valley Apartments

924 Sun Valley Dr, Anderson, Indiana 46016

bed 2-4
payment $641-859/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Lexington Arms

1775 Antler Court, Elwood, Indiana 46036

bed 2
payment $763/mo.

Village at White River

1212 Pearl St, Anderson, Indiana 46016

bed 1
accessibility Accessible

The Tower at Southdale

524 W 53rd St, Anderson, Indiana 46013

payment Subsidized

Hoosier Woods II Apartments

3833 Hoosier Woods Ct, Anderson, Indiana 46013

switch_access_shortcut Short Wait
accessibility Accessible

Pendleton Place II

101 Shamrock Cir, Pendleton, Indiana 46064

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Apartments Living

308 W 19th St, Anderson, Indiana 46016

payment Subsidized

Group Living

1715 Main St, Anderson, Indiana 46016

switch_access_shortcut Short Wait

Group Living II

3115 Brown St, Anderson, Indiana 46016

payment Subsidized
accessibility Accessible
accessible_forward Disability

Village Apartments of Summitville

1106 W Mill St, Summitville, Indiana 0

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

330 W 6th St Unit 332

330 W 6th St, Anderson, Indiana 46016

bed 1
payment $595/mo.

230 W 22nd St

230 W 22nd St, Anderson, Indiana 46016

bed 2
payment $850/mo.

210 E 13th St

210 E 13th St, Anderson, Indiana 46016

bed 3
payment $900/mo.

2821 Jackson St

2821 Jackson St, Anderson, Indiana 46016

bed 2
payment $850/mo.

How To Identify Affordable Housing in Madison County, Indiana

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.
calendar_today Opened: Mar 31
Open Until Further Notice
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calendar_month

Reported On March 31st, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Madison County, Indiana
$21.59/hour
$14.34 (+198%) more than Indiana minimum wage and $14.34 (+198%) more than the Federal minimum wage.
Learn More About Madison County, Indiana Affordable Housing ↓

What HUD offices serve Madison County, Indiana?

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 programs for Madison County, Indiana.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Madison County, Indiana.

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

How many renters live in Madison County, Indiana?

The County of Madison County has people living in households.

There are renters living in renter households in this County. Renters make up 24.41 percent of the population living in Madison County.

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

There are an estimated housing units in the Madison County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Madison County, Indiana, there are 1.13 rental units.

What is the vacancy rate for rentals in Madison County?

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

Occupied Rental Units by Size in Madison County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
418 2,846 7,055 4,158 790
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 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 $793 to $1,518. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $793
One BR $868
Two BR $1,140
Three BR $1,468
Four BR $1,518
2024 Fair Market Rents in Madison County, Indiana

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 291 70 percent
One BR 2,240 79 percent
Two BR 5,422 77 percent
Rental Units Below FMR in Madison County, Indiana

How many affordable rental units are in Madison County?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Madison County, Indiana

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

Income Based Apartments in Madison County, Indiana

Madison County features 700 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, Indiana

There are 1,501 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, Indiana

On average, Section 8 Housing Choice vouchers pay Madison County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Madison County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Madison County, Indiana for a two-bedroom apartment is between $1,026 and $1,254.

Sourced from federal housing data and AffordableHousingOnline.com research.