About This Property
Cobblestone Cove Apts is a 72-unit affordable housing community in Montevallo, AL that has been in service since 2003. The property includes 12 one-bedroom, 48 two-bedroom, and 12 three-bedroom units designated for low-income households, families, and individuals with disabilities. The community is financed through 9% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Housing Authority of the Town of Montevallo
Currently accepting applications for 2 Bedroom apartments ONLY for Low Income Public Housing. The waiting list will remain open until further notice. A local preference system applies.
The Section 8 waitlist for Montevallo, AL is currently closed.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Shelby County, AL
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $983 |
| 1 Bedroom | $1,109 |
| 2 Bedroom | $1,245 |
| 3 Bedroom | $1,570 |
| 4 Bedroom | $1,752 |
Income Limits - Shelby County, AL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,100
- Very Low (50%)
- $26,850
- Low (80%)
- $42,950
- Extremely Low (30%)
- $18,400
- Very Low (50%)
- $30,700
- Low (80%)
- $49,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,550
- Low (80%)
- $55,250
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,350
- Low (80%)
- $61,350
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,450
- Low (80%)
- $66,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,500
- Low (80%)
- $71,200
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,600
- Low (80%)
- $76,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,650
- Low (80%)
- $81,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,100 | $26,850 | $42,950 |
| 2 Persons | $18,400 | $30,700 | $49,100 |
| 3 Persons | $21,960 | $34,550 | $55,250 |
| 4 Persons | $26,500 | $38,350 | $61,350 |
| 5 Persons | $31,040 | $41,450 | $66,300 |
| 6 Persons | $35,580 | $44,500 | $71,200 |
| 7 Persons | $40,120 | $47,600 | $76,100 |
| 8 Persons | $44,660 | $50,650 | $81,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Montevallo, AL?+
The Fair Market Rent (FMR) for Shelby County, AL is: $983 (Studio), $1109 (1BR), $1245 (2BR), $1570 (3BR), $1752 (4BR). Actual rent at subsidized properties like Cobblestone Cove Apts is typically 30% of household income or less.
What size apartments are available at Cobblestone Cove Apts?+
Cobblestone Cove Apts offers the following unit types: 12 One-Bedroom, 48 Two-Bedroom, 12 Three-Bedroom units, for a total of 72 units.
How do I apply for housing at Cobblestone Cove Apts?+
Cobblestone Cove 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 Cobblestone Cove Apts?+
Cobblestone Cove 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.
Is there a waitlist for Cobblestone Cove Apts?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What are the income limits for affordable housing in Shelby County, AL?+
For a 4-person household in Shelby County, AL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,350, Low Income (80% AMI): $61,350. These limits are set by HUD and updated annually.
Who manages Cobblestone Cove Apts?+
Cobblestone Cove Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Montevallo, AL?+
Based on Fair Market Rent for Shelby County, the estimated price range is: 1-bedroom: $1109, 2-bedroom: $1245, 3-bedroom: $1570. Actual rent at Cobblestone Cove Apts may be lower for income-eligible households.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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