About This Property
Rainbow Lake Apts comprises 35 low-income units in Lakeside, Arizona, with a unit mix of 28 two-bedroom and 7 three-bedroom apartments. The property was placed in service in 1990 and operates under 4% LIHTC credit financing. This Navajo County community serves households meeting low-income eligibility requirements.
Property Details
Fair Market Rent - Navajo 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 | $856 |
| 1 Bedroom | $906 |
| 2 Bedroom | $1,190 |
| 3 Bedroom | $1,509 |
| 4 Bedroom | $1,585 |
Income Limits - Navajo County, AZ
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $18,200
- Low (80%)
- $29,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $20,800
- Low (80%)
- $33,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $23,400
- Low (80%)
- $37,350
- Extremely Low (30%)
- $25,950
- Very Low (50%)
- $25,950
- Low (80%)
- $41,500
- Extremely Low (30%)
- $28,050
- Very Low (50%)
- $28,050
- Low (80%)
- $44,850
- Extremely Low (30%)
- $30,150
- Very Low (50%)
- $30,150
- Low (80%)
- $48,150
- Extremely Low (30%)
- $32,200
- Very Low (50%)
- $32,200
- Low (80%)
- $51,500
- Extremely Low (30%)
- $34,300
- Very Low (50%)
- $34,300
- Low (80%)
- $54,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $18,200 | $29,050 |
| 2 Persons | $17,420 | $20,800 | $33,200 |
| 3 Persons | $21,960 | $23,400 | $37,350 |
| 4 Persons | $25,950 | $25,950 | $41,500 |
| 5 Persons | $28,050 | $28,050 | $44,850 |
| 6 Persons | $30,150 | $30,150 | $48,150 |
| 7 Persons | $32,200 | $32,200 | $51,500 |
| 8 Persons | $34,300 | $34,300 | $54,800 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lakeside, AZ?+
The Fair Market Rent (FMR) for Navajo County, AZ is: $856 (Studio), $906 (1BR), $1190 (2BR), $1509 (3BR), $1585 (4BR). Actual rent at subsidized properties like Rainbow Lake Apts is typically 30% of household income or less.
What size apartments are available at Rainbow Lake Apts?+
Rainbow Lake Apts offers the following unit types: 28 Two-Bedroom, 7 Three-Bedroom units, for a total of 35 units.
What is the price range for apartments in Lakeside, AZ?+
Based on Fair Market Rent for Navajo County, the estimated price range is: 2-bedroom: $1190, 3-bedroom: $1509. Actual rent at Rainbow Lake Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Navajo County, AZ?+
For a 4-person household in Navajo County, AZ, the income limits are: Extremely Low Income (30% AMI): $25,950, Very Low Income (50% AMI): $25,950, Low Income (80% AMI): $41,500. These limits are set by HUD and updated annually.
How do I apply for housing at Rainbow Lake Apts?+
Rainbow Lake 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 manages Rainbow Lake Apts?+
Rainbow Lake Apts is managed by . You can reach them at . Visit their website for more information.
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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