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Affordable apartments in Madisonville, Tennessee

4 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.

4 lihtc

Buildings

CLOVERLEAF APTS

LIHTC
121 WAYMAN RD, MADISONVILLE, TN, 37354
Income-restricted units
48 of 48
Year placed in service
2011
Bedroom mix
12 1BR · 24 2BR · 12 3BR

Estimated total housing cost: $697 rent + $161 utilities = $858/mo

Contact property management for current availability. Waitlists may apply.

ISLAND GROVE

LIHTC
150 WILLOW CREEK DRIVE, MADISONVILLE, TN, 37354
Income-restricted units
48 of 48
Year placed in service
9999
Bedroom mix
24 2BR · 24 3BR

Estimated total housing cost: $697 rent + $161 utilities = $858/mo

Contact property management for current availability. Waitlists may apply.

CYPRESS GARDEN APTS

LIHTC
200 LEWIS ST, MADISONVILLE, TN, 37354
Income-restricted units
41 of 41
Year placed in service
2011
Bedroom mix
24 1BR · 18 2BR

Estimated total housing cost: $697 rent + $161 utilities = $858/mo

Contact property management for current availability. Waitlists may apply.

RIDGEWAY APTS

LIHTC
225 BALLPLAY RD, MADISONVILLE, TN, 37354
Income-restricted units
24 of 24
Year placed in service
2011
Bedroom mix
24 2BR

Estimated total housing cost: $697 rent + $161 utilities = $858/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 Tennessee

Residential electricity in Tennessee runs about 13.31¢/kWh, with a typical monthly residential electric bill near $161. Natural gas runs about $16.10/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 Madisonville, TN

Metro-level
BedroomsLocal FMRNational median
Studio$592n/a
1 bedroom$662n/a
2 bedroom$697$1,502
3 bedroom$906n/a
4 bedroom$1,046n/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 : Monroe County, TN

FY2025. Area median income: $79,800.

Household size30% AMI50% AMI80% AMI
1 person$16,750$27,900$44,600
2 people$21,150$31,850$50,950
3 people$26,650$35,850$57,300
4 people$32,150$39,800$63,650
5 people$37,650$43,000$68,750
6 people$43,150$46,200$73,850
7 people$48,650$49,350$78,950
8 people$52,550$52,550$84,050

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 Tennessee cities

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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: Madisonville cost-of-living and Fair Market Rent overview