About This Property
Cloverleaf Apts comprises 48 low-income units in Madisonville, Tennessee, and has served families and disabled residents since 2011. The property offers a mix of floor plans including twelve 1-bedroom, twenty-four 2-bedroom, and twelve 3-bedroom units. This Monroe County community provides affordable rental housing options for qualified residents.
Property Details
Fair Market Rent - Monroe County, TN
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $584 |
| 1 Bedroom | $685 |
| 2 Bedroom | $861 |
| 3 Bedroom | $1,153 |
| 4 Bedroom | $1,176 |
Income Limits - Monroe County, TN
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%)
- $31,600
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,600
- Low (80%)
- $36,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $25,400
- Low (80%)
- $40,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $28,200
- Low (80%)
- $45,100
- Extremely Low (30%)
- $30,500
- Very Low (50%)
- $30,500
- Low (80%)
- $48,750
- Extremely Low (30%)
- $32,750
- Very Low (50%)
- $32,750
- Low (80%)
- $52,350
- Extremely Low (30%)
- $35,000
- Very Low (50%)
- $35,000
- Low (80%)
- $55,950
- Extremely Low (30%)
- $37,250
- Very Low (50%)
- $37,250
- Low (80%)
- $59,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,750 | $31,600 |
| 2 Persons | $17,420 | $22,600 | $36,100 |
| 3 Persons | $21,960 | $25,400 | $40,600 |
| 4 Persons | $26,500 | $28,200 | $45,100 |
| 5 Persons | $30,500 | $30,500 | $48,750 |
| 6 Persons | $32,750 | $32,750 | $52,350 |
| 7 Persons | $35,000 | $35,000 | $55,950 |
| 8 Persons | $37,250 | $37,250 | $59,550 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Madisonville, TN?+
The Fair Market Rent (FMR) for Monroe County, TN is: $584 (Studio), $685 (1BR), $861 (2BR), $1153 (3BR), $1176 (4BR). Actual rent at subsidized properties like Cloverleaf Apts is typically 30% of household income or less.
What size apartments are available at Cloverleaf Apts?+
Cloverleaf Apts offers the following unit types: 12 One-Bedroom, 24 Two-Bedroom, 12 Three-Bedroom units, for a total of 48 units.
What are the income limits for affordable housing in Monroe County, TN?+
For a 4-person household in Monroe County, TN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $28,200, Low Income (80% AMI): $45,100. These limits are set by HUD and updated annually.
Who manages Cloverleaf Apts?+
Cloverleaf Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Madisonville, TN?+
Based on Fair Market Rent for Monroe County, the estimated price range is: 1-bedroom: $685, 2-bedroom: $861, 3-bedroom: $1153. Actual rent at Cloverleaf Apts may be lower for income-eligible households.
How do I apply for housing at Cloverleaf Apts?+
Cloverleaf 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.
Who is eligible to live at Cloverleaf Apts?+
Cloverleaf Apts primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.