Madison Towers

383 Madison Ave, Memphis, Tennessee 38103

Madison Towers, located at 383 Madison Ave in Memphis, has studio and one bedroom apartments. Madison Towers participates in the Section 8 Project-Based Rental Assistance program.

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Units

Unit (Bd/Ba) Ft2 Rent
Efficiency (Studio/1) 425 Income Based
1 Bedroom (1/1) - Income Based

Madison Towers Details

  • 146 studio and one bedroom units.
  • Project-Based Rental Assistance
  • Senior (62+)

Property Amenities

  • Elevator
  • Computer Lab
  • Community Room
  • Garage
  • On-Site Parking
  • Resident Service Coordinator
  • Laundry Facility
  • Courtesy Patrol

Nearby Amenities

  • Close to Downtown District
  • Close to Public Transportation
  • Close to Shopping
  • Near Restaurants
  • Close to Entertainment

About Madison Towers

Welcome to Madison Tower, an apartment community for those 62 and better, handicapped, or disabled. Enjoy the comfort of quiet, community living here at Madison Tower!

Our spacious efficiency and one bedroom apartment homes are thoughtfully designed with your comfort and convenience in mind. In addition to our great floor plans and maintenance free living, our community has the amenities you want and deserve. For your pleasure, our community features a Computer Lab, Game Room, and Laundry Facility. For your benefit, our community's service coordinator is readily available to assist you with your needs.

Madison Tower is ideally situated to give you easy access to the best of what the area has to offer. We are located a short distance from Downtown Beale Street and Autozone Ball Park. Here at Madison Tower, we understand that your pet is a special part of your family. We are pet friendly and look forward to making your furry friend a part of our community!

Call us today to make an appointment to see for yourself why Madison Tower should be your new home. We look forward to hearing from you!

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

Memphis HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Memphis but actual income limits may differ for units at Madison Towers.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $13,850 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% $23,100 $26,400 $29,700 $32,950 $35,600 $38,250 $40,900 $43,500
80% $36,900 $42,200 $47,450 $52,700 $56,950 $61,150 $65,350 $69,600

These general income qualifications for Memphis, Tennessee should only be used as a basic guide. To find out if you qualify, contact the community directly.

You can usually make up to 80% of the Area Median Income (AMI) to be eligible for a HUD-Assisted Housing unit, but income qualification tiers for this community may be different due to various policies.

Madison Towers receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing. Market rate units would have no subsidies or income restrictions.

Madison Towers is managed by Millennia Housing Management.

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