Affordable Housing In Madisonville
Monroe County, Tennessee

13 Low Income Apartment Communities In Madisonville

Cumberland View Towers

1201 Cheyenne Blvd
Madisonville, Tennessee
Income Based
1 BR
Subsidized
62+
Accessible
Elderly Supportive Housing

Charter Village Apartments

333 Rio Vista Dr
Madisonville, Tennessee
Call For Rent
1-3 BR
Subsidized

River Retreat Apartments

800 Cheyenne Blvd.
Madisonville, Tennessee
$878-1,049
1-2 BR

Cloverleaf Apartments

121 Wayman Rd
Madisonville, Tennessee
Call For Rent
1-3 BR

Island Grove

150 Willow Creek Drive
Madisonville, Tennessee

Crestview Apartments

128 Van St
Madisonville, Tennessee
Subsidized

Laurel Place Apartments

121 Helms Drive
Madisonville, Tennessee
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Ridgeway Apartments

255 Ball Play Rd
Madisonville, Tennessee

Pedigo II Apartments

301 Willow Creek Dr
Madisonville, Tennessee
Subsidized
62+
Accessible
Elderly Supportive Housing

Pedigo I Apartments

316 Willow Creek Dr
Madisonville, Tennessee
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Section 8 Vouchers, Apartments, and Waiting Lists in Madisonville, Tennessee

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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Madisonville, Tennessee

Housing Authority Programs
Tennessee Housing Development Agency Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency; Mainstream Voucher; Homeownership

Guide To Affordable Housing in Madisonville, Tennessee

There are 13 low income housing apartment communities offering 853 affordable apartments for rent in Madisonville, Tennessee.

Income Based Apartments in Madisonville, Tennessee

Madisonville features 503 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 Madisonville, Tennessee

There are 350 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Madisonville.

Housing Choice Vouchers in Madisonville, Tennessee

On average, Section 8 Housing Choice vouchers pay Madisonville landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Madisonville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Madisonville, Tennessee for a two-bedroom apartment is between $614 and $750.

2022 Madisonville, Tennessee 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
Madisonville, Tennessee Fair Market Rent $453 $556 $682 $907 $925
Madisonville, Tennessee Payment Standard Range $408 to $498 $500 to $612 $614 to $750 $816 to $998 $833 to $1,018

Sourced from federal housing data and AffordableHousingOnline.com research.

Madisonville, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 13
Total Low Income Apartments 853
Total Housing Units with Rental Assistance 503
Percentage of Housing Units Occupied By Renters 46.89%
Average Renter Household Size 2.75
Average Household Size 2.52
Median Household Income $25,000 ±$8,293
Median Rent $575 ±$53
Percentage Of Renters Overburdened 56.23% ± 16.6pp
Total Population 4,743

Population and Household Demographics

Madisonville is a city in Monroe County, Tennessee with a population of 4,743. There are 1,798 households in the city with an average household size of 2.52 persons. 46.89% of households in Madisonville are renters.

Income and Rent Overburden in Madisonville

The median gross income for households in Madisonville is $25,000 a year, or $2,083 a month. The median rent for the city is $575 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Madisonville, a household making less than $1,917 a month would be considered overburdened when renting an apartment at or above the median rent. 56.23% of households who rent are overburdened in Madisonville.

Area Median Income In Madisonville

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 Madisonville, the AMI is calculated from all households within Monroe County.

In Madisonville, HUD calculates the Area Median Income for a family of four as $52,000

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 Madisonville

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 Madisonville

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Madisonville AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $30,500 $32,750 $35,000 $37,250
50% AMI Income Limits
Renters earning up to 50% of the Madisonville AMI may qualify for rental assistance programs that target Very Low Income households.
$19,750 $22,600 $25,400 $28,200 $30,500 $32,750 $35,000 $37,250
80% AMI Income Limits
Renters earning up to 80% of the Madisonville AMI may qualify for rental assistance programs that target Low Income households.
$31,600 $36,100 $40,600 $45,100 $48,750 $52,350 $55,950 $59,550