About This Property
Los Tres Apts - La Terraza comprises 160 units in Phoenix, Arizona, with 156 designated as low-income housing. The property, which entered service in 2007, includes 48 studio units, 88 one-bedroom units, and 24 two-bedroom units, and is financed through tax-exempt bonds and 4% Low-Income Housing Tax Credits. A non-profit organization owns and manages the community.
Waitlist Information
Waitlist managed by City of Phoenix Housing Department
Applicants must be 18 years of age. Some programs may have preferences for seniors and persons with disabilities and offer one-bedroom units. Criminal background checks are performed; one pet per household with limitations is permitted.
The Phoenix Housing Choice Voucher (HCV) program waiting list is currently closed. The City of Phoenix will provide notice through a wide variety of sources when it reopens to advertise the opportunity to join the waiting list.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Maricopa County, AZ
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,460 |
| 1 Bedroom | $1,599 |
| 2 Bedroom | $1,877 |
| 3 Bedroom | $2,541 |
| 4 Bedroom | $2,890 |
Income Limits - Maricopa County, AZ
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,600
- Very Low (50%)
- $27,650
- Low (80%)
- $44,250
- Extremely Low (30%)
- $19,000
- Very Low (50%)
- $31,600
- Low (80%)
- $50,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,550
- Low (80%)
- $56,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,500
- Low (80%)
- $63,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,700
- Low (80%)
- $68,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,850
- Low (80%)
- $73,350
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,000
- Low (80%)
- $78,400
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,150
- Low (80%)
- $83,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,600 | $27,650 | $44,250 |
| 2 Persons | $19,000 | $31,600 | $50,600 |
| 3 Persons | $21,960 | $35,550 | $56,900 |
| 4 Persons | $26,500 | $39,500 | $63,200 |
| 5 Persons | $31,040 | $42,700 | $68,300 |
| 6 Persons | $35,580 | $45,850 | $73,350 |
| 7 Persons | $40,120 | $49,000 | $78,400 |
| 8 Persons | $44,660 | $52,150 | $83,450 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Phoenix, AZ?+
The Fair Market Rent (FMR) for Maricopa County, AZ is: $1460 (Studio), $1599 (1BR), $1877 (2BR), $2541 (3BR), $2890 (4BR). Actual rent at subsidized properties like Los Tres Apts - La Terraza is typically 30% of household income or less.
What size apartments are available at Los Tres Apts - La Terraza?+
Los Tres Apts - La Terraza offers the following unit types: 48 Studio, 88 One-Bedroom, 24 Two-Bedroom units, for a total of 160 units.
How do I apply for housing at Los Tres Apts - La Terraza?+
Los Tres Apts - La Terraza 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.
Is there a waitlist for Los Tres Apts - La Terraza?+
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 Maricopa County, AZ?+
For a 4-person household in Maricopa County, AZ, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,500, Low Income (80% AMI): $63,200. These limits are set by HUD and updated annually.
Who manages Los Tres Apts - La Terraza?+
Los Tres Apts - La Terraza is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Phoenix, AZ?+
Based on Fair Market Rent for Maricopa County, the estimated price range is: 1-bedroom: $1599, 2-bedroom: $1877. Actual rent at Los Tres Apts - La Terraza may be lower for income-eligible households.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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