About This Property
New Madrid Garden Apts contains 40 low-income units in New Madrid, Missouri, with a mix of one-, two-, and three-bedroom floor plans. The property was placed in service in 2001 and operates under 9% Low-Income Housing Tax Credit financing. The unit composition includes six one-bedroom, ten two-bedroom, and twenty-four three-bedroom apartments.
Waitlist Information
Waitlist managed by Housing Authority of the City of New Madrid
Applications are accepted at the NMHA office on Tuesdays and Wednesdays from 8:00 AM to 11:00 AM and 1:00 PM to 3:00 PM CT. No preferences are stated; applicants are placed on the waiting list by date and time of application receipt. Required documentation includes the Head of Household's Picture Identification and Social Security Card.
Applications are accepted at the NMHA office on Tuesdays and Wednesdays from 8:00 AM to 11:00 AM CT. No preferences are stated; applicants are placed on the waiting list by date and time of application receipt. Required documentation includes the Head of Household's Picture Identification and Social Security Card.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - New Madrid County, MO
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $629 |
| 1 Bedroom | $635 |
| 2 Bedroom | $834 |
| 3 Bedroom | $1,008 |
| 4 Bedroom | $1,111 |
Income Limits - New Madrid County, MO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,750
- Low (80%)
- $31,550
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,550
- Low (80%)
- $36,050
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $25,350
- Low (80%)
- $40,550
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $28,150
- Low (80%)
- $45,050
- Extremely Low (30%)
- $30,450
- Very Low (50%)
- $30,450
- Low (80%)
- $48,700
- Extremely Low (30%)
- $32,700
- Very Low (50%)
- $32,700
- Low (80%)
- $52,300
- Extremely Low (30%)
- $34,950
- Very Low (50%)
- $34,950
- Low (80%)
- $55,900
- Extremely Low (30%)
- $37,200
- Very Low (50%)
- $37,200
- Low (80%)
- $59,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,750 | $31,550 |
| 2 Persons | $17,420 | $22,550 | $36,050 |
| 3 Persons | $21,960 | $25,350 | $40,550 |
| 4 Persons | $26,500 | $28,150 | $45,050 |
| 5 Persons | $30,450 | $30,450 | $48,700 |
| 6 Persons | $32,700 | $32,700 | $52,300 |
| 7 Persons | $34,950 | $34,950 | $55,900 |
| 8 Persons | $37,200 | $37,200 | $59,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in New Madrid, MO?+
The Fair Market Rent (FMR) for New Madrid County, MO is: $629 (Studio), $635 (1BR), $834 (2BR), $1008 (3BR), $1111 (4BR). Actual rent at subsidized properties like New Madrid Garden Apts is typically 30% of household income or less.
What size apartments are available at New Madrid Garden Apts?+
New Madrid Garden Apts offers the following unit types: 6 One-Bedroom, 10 Two-Bedroom, 24 Three-Bedroom units, for a total of 40 units.
How do I apply for housing at New Madrid Garden Apts?+
New Madrid Garden Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What is the price range for apartments in New Madrid, MO?+
Based on Fair Market Rent for New Madrid County, the estimated price range is: 1-bedroom: $635, 2-bedroom: $834, 3-bedroom: $1008. Actual rent at New Madrid Garden Apts may be lower for income-eligible households.
Who manages New Madrid Garden Apts?+
New Madrid Garden Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in New Madrid County, MO?+
For a 4-person household in New Madrid County, MO, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $28,150, Low Income (80% AMI): $45,050. These limits are set by HUD and updated annually.
Is there a waitlist for New Madrid Garden Apts?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
