Affordable & Income-Based Housing in Madison

Affordability

According to Census ACS 5-Year data (2024), the median gross rent in Madison is $1,413 per month and the median household income is $78,050 per year. About 54% of residents rent their homes, reflecting a city where renting is the norm for the majority of households.

Lease Lantern tracks 35 HUD-assisted and income-based properties totaling 2,270 units in Madison, giving income-qualified renters a range of options at rents below market rate.

Safety

According to the Madison Police Department's data reported to the FBI Crime Data Explorer, Madison had a violent crime rate of 260 per 100,000 residents in 2024. Note that crime rates are not directly comparable across cities due to differences in reporting practices and definitions.

Getting Around Madison

According to Walk Score, the area around assisted properties in Madison rates 50 out of 100 for walkability ("Somewhat Walkable") and 50 out of 100 for bikeability. No transit score is available for this area.

Schools

According to NCES Common Core of Data, 56 public schools across 4 districts serve Madison, including 31 elementary, 13 middle, 11 high schools, and 1 other. Ratings vary by school and district, so renters should check the assigned schools for a specific address before applying.

Cost of Living in Madison

The median household income in Madison is $78,050 per year, according to the Census ACS 5-Year estimate. The median gross rent is $1,413 per month, also per Census ACS 5-Year data.

For renters who qualify, the 2,270 income-restricted units across Madison's HUD-assisted and LIHTC properties can represent significant savings compared to market-rate rents in the city.

• Median household income: $78,050/year (Census ACS 5-Year)
• Median gross rent: $1,413/month (Census ACS 5-Year)
• Renter households: 54% of occupied housing units (Census ACS 5-Year)

Environmental Exposure

All 35 HUD-assisted properties in Madison have been mapped for flood risk. None are located in a high-risk flood zone, which is a positive sign for renters concerned about flood exposure.