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

Discover affordable housing in Madison County where there are 18+ 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.

Devonshire I & II

198 Elm St, London, Ohio 43140

Devonshire West

97 S Twin St, West Jefferson, Ohio 43162

London Apartments

1052M Sheffield Blvd, London, Ohio 43140

Bristol Square Apartments

111 Bristol Sq, West Jefferson, Ohio 43162

London Metropolitan Housing Authority Apartments

179 S Main St, London, Ohio 43140

Madison Square

445 Fairfield Dr, Plain City, Ohio 43064

Devonshire West

89 N Twin St, West Jefferson, Ohio 43162

Pleasant Valley Garden Apartments

440 Smucker Ln, Plain City, Ohio 43064

Londonerry Apartments

269 Bowman Ct, London, Ohio 43140

Pleasant Valley Colony

390 Allgyer Dr, Plain City, Ohio 43064

New Surrey Square III

291 Surrey Ln, London, Ohio 43140

Meadowview Senior Housing Lp

338 W Main St, Mount Sterling, Ohio 43143

Daines Village Apartments

1143 Daines Court, London, Ohio 43140

Catawba Apartments

10900 Schadel Ln, Mount Sterling, Ohio 43143

Seton London

350 Cambridge Dr, London, Ohio 43140

Pleasant Valley Colony Phase II

410 Smucker Ln, Plain City, Ohio 43064

Mcht 1

220 S Main St, London, Ohio 43140

London

56 Graham Ave, London, Ohio 43140

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Madison County, Ohio
$24.66/hour
$17.66 (+252%) more than Ohio minimum wage and $17.41 (+240%) more than the Federal minimum wage.
Learn More About Madison County, Ohio Affordable Housing ↓

How many renters live in Madison County, Ohio?

The County of Madison County has 43,961 people living in 15,264 households.

There are 8,751 renters living in 3,685 renter households in this County. Renters make up 19.91 percent of the population living in Madison County.

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

There are an estimated 16,255 housing units in the Madison County area. Of these, 3,822 units are rental homes, making up 24 percent of the housing market. For every renter household in Madison County, Ohio, 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
135 560 1,667 914 350
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, 30 percent have housing cost burden. Further, 12 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 $970 to $1,745. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $970
One BR $1,065
Two BR $1,302
Three BR $1,574
Four BR $1,745
2024 Fair Market Rents in Madison County, Ohio

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 103 76 percent
One BR 496 89 percent
Two BR 1,337 80 percent
Rental Units Below FMR in Madison County, Ohio

How many affordable rental units are in Madison County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 384
Public Housing 100
Section 8 Project-Based Rental Assistance 131
Section 202 Supportive Housing for the Elderly 50
USDA Section 515 Rural Rental Housing 299
Tracked Units by Federal Program in Madison County, Ohio

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

Income Based Apartments in Madison County, Ohio

Madison County features 498 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, Ohio

There are 123 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, Ohio

On average, Section 8 Housing Choice vouchers pay Madison County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Madison County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Madison County, Ohio for a two-bedroom apartment is between $1,172 and $1,432.

Sourced from federal housing data and AffordableHousingOnline.com research.