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CHESTNUT MAINSTAY II

1411 6th Street

Madison , IL 62060

☑ Section 8 accepted | Add to favorites | Making a rental inquiry

Total apartment units: 7

Assisted housing category: 202/811

Owner organization name: Chestnut Resolutions, Inc.

Management agent organization name: Chestnut Health Systems, Inc.

Management agent main phone number: 309-820-3581

Management agent email address: agharris@chestnut.org

Hud Administered ind: Y

Contract doc type: PRAC

Program type: PRAC/811

Rent to FMR ratio: 101.9889503

Rent to FMR description: Between 101% & 120% FMR

Total 2bedroom units: 7

2bedrooms: $905.00 per month

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Posted on Jan 21, 2023

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2024 Fair Market Rents in Madison, IL 62060 with Section 8 Assistance

In 2024, Fair Market Rents (FMRs) in Madison, IL 62060 offer diverse housing options, including those relevant to Section 8 assistance:

Efficiency: $693 (low) to $847 (high) per month
One-Bedrooms: $720 (low) to $880 (high) per month
Two-Bedrooms: $900 (low) to $1,100 (high) per month
Three-Bedrooms: $1,161 (low) to $1,419 (high) per month
Four-Bedrooms: $1,350 (low) to $1,650 (high) per month

These FMRs offer choices for various budgets and Section 8 housing requirements in the Madison, IL 62060 providing valuable resources for both tenants and landlords.

The prices mentioned include utilities; however, if the property owner doesn't cover utilities, the rent may be lower. Additionally, keep in mind that each housing authority sets its own price limits, so it's advisable to reach out to the housing authority to inquire about the allowable rental rates.

To apply for Section 8 housing, you can check your income against the St. Louis, MO-IL HUD Metro FMR Area Housing Choice voucher income limit to determine your eligibility.

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