Low Income Apartment for Rent at 270 N MADISON AVE, Richmond, KY, 40475

Madison Avenue Apts

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270 N MADISON AVE RICHMOND, KY 40475

  • 1-3 Beds

  • N/A Baths

  • N/A Sq.Ft

Madison Avenue Apts

270 N MADISON AVE RICHMOND, KY 40475

Madison Avenue Apts

270 N MADISON AVE RICHMOND, KY 40475

  • 1-3

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  • 1-3

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Affordable Housing

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About Madison Avenue Apts - Affordable Apartments for Low Income Residents

Madison Avenue Apts apartments is an affordable rental housing community located in Richmond, KY. Madison Avenue Apts apartments is an affordable housing community with units.Income restrictions may apply, please contact Madison Avenue Apts apartments for rates, availability and more information or compare to other apartments in Richmond from the results below.

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Utility Allowances

PAID BY TENANT

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PAID BY MANAGER

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Fair Market Rents Richmond, KY

As of September 2024

Fair Market Rents are HUD's determination of the average rents in a particular area for each bedroom size. The FMRs are set each year based on the rental rates of unsubsidized units so that participants in HUD programs have equal access for affordable housing. Here are the Fair Market Rents for RICHMOND, KY.

Efficiency

$514

One-Bedroom

$516

Two-Bedroom

$686

Three-Bedroom

$987

Four-Bedroom

$1,062

  • Efficiency

    $514
  • One-Bedroom

    $516
  • Two-Bedroom

    $686
  • Three-Bedroom

    $987
  • Four-Bedroom

    $1,062

Housing Authorities near Richmond, KY

AgencySection 8
Vouchers
Housing
Units
Status
City of Richmond Housing Authority

Richmond, KY - 0.23 Miles

735
N/A
Open
Contact
Housing Authority of Richmontd

Richmond, KY - 0.56 Miles

N/A
N/A
Open
Contact
Berea Housing Authority

Berea, KY - 12.44 Miles

N/A
N/A
Open
Contact
Irvine Housing Authority

Irvine, KY - 17.69 Miles

N/A
N/A
Open
Contact
Winchester Housing Authority

Winchester, KY - 18.15 Miles

N/A
N/A
Open
Contact

Neighborhoods Nearby Madison Avenue Apts, Richmond, KY

  • 72
    of 100
    Walk Score

    Madison Avenue Apts is very walkable and have good walk score. Most errands can be accomplished on foot.

  • N/A
    Transit Score

    Madison Avenue Apts has good transit score meaning many nearby public transportation options are available.

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Affordable Housing

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Please enter your MONTHLY gross income (income before taxes, number only)

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  • Population

    87,340
  • Persons per household

    2.49
  • Persons per household structure

    27.7%
  • Homeownership Rate

    60.5%
  • Housing Units

    35,514
  • Yearly Income per Person

    $21,800
  • Median Household Income

    $42,312

Affordable Properties Nearby Richmond, KY

Local Information for Kentucky

The Commonwealth of Kentucky is nicknamed the Bluegrass States because of the many bluegrass found in its fertile soil. Also known as the birthplace of Abraham Lincoln, the state got its name from the word Ken-tah-ten, an Iroquois Indian word that means land of tomorrow.

Bordering the states of Indiana, Illinois, Ohio, Missouri, Virginia, Tennessee, and West Virginia; Kentucky is recognized as the United States’ 37th biggest state. It is also known for its extensive stream systems and the rivers that surround it: Mississippi River, Ohio River, Big Sandy River and its tributary, Tug Fork. The Mammoth Cove National Park is found in Kentucky.

While the state’s capital is the city of Frankfort, its largest city is Louisville. Both cities are ideal places for building a home and raising a family.

Kentucky Housing Authority

If you’re planning to move to Kentucky and would like to find a good place to live in, the Kentucky Housing Corporation can help you out. Established in 1972, Kentucky Housing aims to make homeownership possible for Kentucky families and individuals who are looking for affordable housing opportunities. This Kentucky housing authority works with various partners spread throughout the state.

The city of Frankfort, meanwhile, has its own housing authority. The Housing Authority of Frankfort helps individuals and families with moderate to low income find safe and affordable housing. It partners with a number of agencies in creating opportunities for a higher life for Frankfort residents.

Louisville residents, on the other hand, get assistance from the Louisville Metro Housing Authority. The LMHA has several programs intends to help residents find and afford quality and safe housing.

So, if you’re planning to move to Kentucky, you won’t need to worry about finding new homes or affordable housing deals. There’s always a housing program that will suit your needs.

Rental Assistance in Kentucky

When it comes to rental assistance or rental housing deals, the Kentucky Housing Corporation knows what to do. Aside from offering rental housing production financing, housing rehabilitation, and home repair initiatives, Kentucky Housing also administers the Housing Choice Voucher Program or the Section 8 Voucher.

Through the United States Department of Housing and Urban Development or HUD, the Section 8 Program allows low income residents to find safe, affordable, and private rental housing. Under the program, the resident pays only a certain percentage of the rent (based on his income) and the HUD takes care of the balance. There are requirements for qualifying into the program and a waiting list is almost always a standard. But, Kentucky residents do not mind because they know they will be able to find the ideal home for their family.


Whether you like townhomes, condos, lofts, or apartments with utilities, the choice is yours. All that you need to do is find rental housing deals online. You’ll find a lot of choices, so moving to Kentucky will soon be a reality for you!

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