Affordable Housing In Madison
Dane County, Wisconsin

97 Low Income Apartment Communities In Madison

Prairie Park Senior Apartments

6530 Schroeder Rd
Madison, WI
Income Based
1-2 BR
55+
HCV Welcome

Harmony at Grandview Commons

116 Milky Way
Madison, WI
$1,050-1,250
2-3 BR
HCV Welcome

Northridge Terrace

1 Northridge Ter
Madison, WI
$995-1,135
2-3 BR
HCV Welcome

Yahara River View Apartments

1459 E Main St
Madison, WI
$1035
2 BR
HCV Welcome

Dempsey Commons

12 Dempsey Road
Madison, WI
$845-975
1-2 BR
HCV Welcome

Maple Grove Commons

6901-6921 McKee Road
Madison, WI
$805-1,171
1-3 BR
HCV Welcome

8Twenty Park

820 SOUTH PARK STREET
Madison, WI
Call For Rent
1-3 BR
HCV Welcome

Novation Senior Apartments

SW Corner of Novation Parkway & 89th Degree Street
Madison, WI
Call For Rent
1-2 BR
HCV Welcome

Tennyson Ridge

1910 Tennyson Lane
Madison, WI
$875-1,250
1-3 BR
HCV Welcome

Carbon Apartments

2418 Winnebago Street
Madison, WI
Call For Rent
1-3 BR
HCV Welcome

Housing Authorities that serve Madison

Housing Authority Programs
Community Development Authority of the City of Madison Section 8 Housing Choice Voucher (HCV); Public Housing
Dane County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Other Housing Authorities located in Madison

Housing Authority Programs
Wisconsin Housing and Economic Development Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Madison, Wisconsin

There are 97 low income housing apartment communities offering 6,744 affordable apartments for rent in Madison, Wisconsin. Madison features 2,673 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 3,943 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Madison.

Sourced from federal housing data and AffordableHousingOnline.com research.

Madison, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 97
Total Low Income Apartments 6,744
Total Housing Units with Rental Assistance 2,673
Percentage of Housing Units Occupied By Renters %
Average Renter Household Size 0.00
Average Household Size 0.00
Median Household Income $0 ±$0
Median Rent $0 ±$0
Total Population 0

Population and Household Demographics

Madison is a City in Dane County, Wisconsin with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Madison are renters.

Income and Rent Overburden in Madison

The median gross income for households in Madison is $0 a year, or $0 a month. The median rent for the city is $0 a month.

Area Median Income In Madison

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 Madison, the AMI is calculated from all households within Dane County.

In Madison, HUD calculates the Area Median Income for a family of four as $100,400

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 Madison

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 Madison HUD Rental Assistance in Madison

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $21,100 $24,100 $27,100 $30,100 $32,550 $34,950 $39,010 $43,430
50% of Median $35,150 $40,200 $45,200 $50,200 $54,250 $58,250 $62,250 $66,300
80% of Median $52,850 $60,400 $67,950 $75,500 $81,550 $87,600 $93,650 $99,700
Low Income Housing Tax Credits in Madison

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1987 to 2011, 56 low income apartment communities containing 2,201 rental apartments have been constructed and made affordable to low income persons in Madison by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Madison

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $35,150 $40,200 $45,200 $50,200 $54,250 $58,250 $62,250 $66,300
60% of Median $42,180 $48,240 $54,240 $60,240 $65,100 $69,900 $74,700 $79,560

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Madison is $54,240 a year, or $4,520 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,520 by 30% to get a maximum rent of $1,356 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $879 $942 $1,130 $1,306 $1,456 $1,607
60% $1,055 $1,130 $1,356 $1,567 $1,748 $1,928
Fair Market Rents in Madison

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$861 $1,015 $1,186 $1,635 $1,972