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Affordable apartments in Madison, Indiana

7 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.

3 section 83 lihtc1 section 202

Buildings

WINDRIDGE APARTMENTS

Section 8
2848 WINDRIDGE DR, Madison, IN, 47250
Income-restricted units
99 of 100
Year placed in service
Not reported

Estimated total housing cost: $724 rent + $157 utilities = $881/mo

Contact property management for current availability. Waitlists may apply.

PRESIDENTIAL ESTATES I

Section 8
2855 WINDRIDGE DR., Madison, IN, 47250
Income-restricted units
96 of 96
Year placed in service
Not reported

Estimated total housing cost: $724 rent + $157 utilities = $881/mo

Contact property management for current availability. Waitlists may apply.

RIVERSIDE TOWER LOFTS

LIHTC
1001 W 2ND STREET, MADISON, IN, 47250
Income-restricted units
50 of 50
Year placed in service
2020
Bedroom mix
42 1BR · 8 2BR

Estimated total housing cost: $724 rent + $157 utilities = $881/mo

Contact property management for current availability. Waitlists may apply.

VALLEY COURT APTS

LIHTC
559 OVO DR, MADISON, IN, 47250
Income-restricted units
48 of 48
Year placed in service
2000
Bedroom mix
32 2BR · 16 3BR

Estimated total housing cost: $724 rent + $157 utilities = $881/mo

Contact property management for current availability. Waitlists may apply.

RIVERTRACE APTS

LIHTC
150 BROADWAY ST, MADISON, IN, 47250
Income-restricted units
33 of 33
Year placed in service
2001
Bedroom mix
27 1BR · 6 2BR

Estimated total housing cost: $724 rent + $157 utilities = $881/mo

Contact property management for current availability. Waitlists may apply.

MADISON HERITAGE APARTMENTS

Section 202
101 W SECOND ST, Madison, IN, 47250
Income-restricted units
30 of 30
Year placed in service
Not reported

Estimated total housing cost: $724 rent + $157 utilities = $881/mo

Contact property management for current availability. Waitlists may apply.

MADISON HERITAGE APARTMENTS

Section 8
101 W SECOND ST, Madison, IN, 47250
Income-restricted units
30 of 30
Year placed in service
Not reported

Estimated total housing cost: $724 rent + $157 utilities = $881/mo

Contact property management for current availability. Waitlists may apply.

Map

Each pin is one income-restricted building. Color-coded by program. Click a pin for details.

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Energy costs in Indiana

Residential electricity in Indiana runs about 16.63¢/kWh, with a typical monthly residential electric bill near $157. Natural gas runs about $16.19/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.

Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.

Check your affordability tier

Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.

Fair Market Rent for Madison, IN

Metro-level
BedroomsLocal FMRNational median
Studio$615n/a
1 bedroom$688n/a
2 bedroom$724$1,502
3 bedroom$941n/a
4 bedroom$1,086n/a

Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: median_rent_proxy.

HUD income limits : Jefferson County, IN

FY2025. Area median income: $79,900.

Household size30% AMI50% AMI80% AMI
1 person$17,850$29,750$47,550
2 people$21,150$34,000$54,350
3 people$26,650$38,250$61,150
4 people$32,150$42,450$67,900
5 people$37,650$45,850$73,350
6 people$43,150$49,250$78,800
7 people$48,650$52,650$84,200
8 people$54,150$56,050$89,650

HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.

Affordable rentals in nearby Indiana cities

See all affordable-rental cities in Indiana

About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.

See also: Madison cost-of-living and Fair Market Rent overview