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L.E.A. Properties LLC DBA BeaconOur team has verified this company
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L.E.A. Properties LLC DBA Beacon
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| One Bedroom | 1 bed | 1 bath | 624 sqft | $623 /mo | 4 units available | ||
| Two Bedroom | 2 bed | 1 bath | 829 sqft | $734 /mo | 7 units available | ||
| Three Bedroom | 3 bed | 1 bath | 1,244 sqft | $930 /mo |
Let's explore this property.
Apartment Amenities
| Air Conditioning | Ample Closet Space |
| Heating |
Appliances
| Energy-Efficient Appliances | Microwave |
| Washer and Dryer |
Tech
| Cable Ready |
Building
| Cats OK | Community Room |
| Dogs OK |
Grounds
| Pet-Friendly Community | Picnic Area |
| Playground |
Services
| ADA Options Available |
One-time.
One-time. Refundable.
Contact for more information on pet policy.
Questions about this property’s policies and fees?
| Units | 79 |
|---|
Madison Avenue is a HUD subsidized family property with 79 units in a mix of 1, 2 and 3 bedrooms. The rent is income based. Built in 1980, the property has served residents of Richmond Kentucky for 45 years with affordable housing. In 2025 an extensive update to the property began in which all units are receiving new roofs, windows, doors, HVAC systems, casework, flooring, other finishes and the addition of in unit washers and dryers.
At Beacon & SOCAYR, we believe that housing is more than just four walls - it's about people, stability, and a sense of belonging. Founded by Linda Arnold, our company was built on faith, service, and community, ensuring that every home we manage is a place of dignity, respect, and opportunity. For over 25 years, we have been dedicated to transforming lives through compassionate property management and a deep commitment to the people we serve.
1-bedroom apartments here are priced 13% lower than 1-bedrooms in Richmond.
If you decide to upgrade your space, you can expect 2-bedrooms at Madison Avenue Apartments to be 23% less than the average for similarly sized apartments in Richmond.
3-bedroom apartments at Madison Avenue Apartments cost about 42% less than the average rent price for 3-bedroom apartments in Richmond.
| Month | Median Rent |
|---|---|
| April 2024 | $2,200 |
| May 2024 | $1,183 |
| June 2024 | $1,132 |
| July 2024 | $755 |
| August 2024 | $672 |
| September 2024 | $675 |
| October 2024 | $675 |
| November 2024 | $807 |
| December 2024 | $840 |
| January 2025 | $675 |
| February 2025 | $675 |
| March 2025 | $675 |
| April 2025 | $675 |
| May 2025 | $675 |
| June 2025 | $700 |
| July 2025 | $700 |
| August 2025 | $787 |
| September 2025 | $834 |
| October 2025 | $843 |
| November 2025 | $825 |
| December 2025 | $763 |
| January 2026 | $825 |
| February 2026 | $1,119 |
| March 2026 | $1,169 |
| April 2026 | $825 |
Can I afford to live at 241 N Madison Ave?
Bedrooms
Rent-to-income ratio
30%
$24,920/yr
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