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

Discover affordable housing in Madison County where there are 6+ 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.

Image of 3182 Gabriels Creek Rd

3182 Gabriels Creek Rd

3182 Gabriels Creek Rd, Mars Hill, North Carolina 28754

bed 2
payment $1295/mo.
Image of Wnc Madison County Group Home

Wnc Madison County Group Home

36 Mountain Heights Ave, Hot Springs, North Carolina 28743

switch_access_shortcut Short Wait
Image of 101 Ivy Way

101 Ivy Way

101 Ivy Way, Mars Hill, North Carolina 28754

payment Subsidized
Image of Baker Fbc Apartments

Baker Fbc Apartments

233 French Broad Cir, Hot Springs, North Carolina 28743

payment Subsidized
Image of Mars Hill Ha Units

Mars Hill Ha Units

115 Valley St, Mars Hill, North Carolina 28754

payment Subsidized
Image of Mashburn Gap Apartments

Mashburn Gap Apartments

1140 N Main St, Mars Hill, North Carolina 28754

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in Madison County, North Carolina

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.

BadgeDescription
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 County, North Carolina
$31.82/hour
$24.57 (+339%) more than North Carolina minimum wage and $24.57 (+339%) more than the Federal minimum wage.
Learn More About Madison County, North Carolina Affordable Housing ↓

What HUD offices serve Madison County, North Carolina?

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.

Madison County Housing Authority
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Madison County, North Carolina.

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

How many renters live in Madison County, North Carolina?

The County of Madison County has people living in households.

There are renters living in renter households in this County. Renters make up 19.17 percent of the population living in Madison County.

What is the rental market like in Madison County, North Carolina?

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, North Carolina, there are 1.03 rental units.

What is the vacancy rate for rentals in Madison County?

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

Occupied Rental Units by Size in Madison County
StudioOne-BedroomTwo-BedroomThree-BedroomFour+ Bedrooms
35161780808122
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 $1,428 to $2,851. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size2024 Fair Market Rents
Studio$1,428
One BR$1,496
Two BR$1,680
Three BR$2,160
Four BR$2,851
2024 Fair Market Rents in Madison County, North Carolina

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 SizeCount of Units Below FMRPercentage of Total Units Below FMR
Studio35100 percent
One BR15395 percent
Two BR72793 percent
Rental Units Below FMR in Madison County, North Carolina

How many affordable rental units are in Madison County?

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

Federal ProgramUnit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Madison County, North Carolina

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

Income Based Apartments in Madison County, North Carolina

Madison County features 153 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, North Carolina

There are 34 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, North Carolina

On average, Section 8 Housing Choice vouchers pay Madison County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Madison County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Madison County, North Carolina for a two-bedroom apartment is between $1,512 and $1,848.

Sourced from federal housing data and AffordableHousingOnline.com research.

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