About This Property
Garland Square of Bentonville Prestonwood comprises 62 low-income residential units in Bentonville, Arkansas. The community offers 24 two-bedroom and 38 three-bedroom units and has been in service since 1994. This property is located in Benton County.
Property Details
Fair Market Rent - Benton County, AR
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $871 |
| 1 Bedroom | $924 |
| 2 Bedroom | $1,121 |
| 3 Bedroom | $1,580 |
| 4 Bedroom | $1,847 |
Income Limits - Benton County, AR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,750
- Very Low (50%)
- $26,250
- Low (80%)
- $41,950
- Extremely Low (30%)
- $18,000
- Very Low (50%)
- $30,000
- Low (80%)
- $47,950
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,750
- Low (80%)
- $53,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,450
- Low (80%)
- $59,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,450
- Low (80%)
- $64,700
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,450
- Low (80%)
- $69,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,450
- Low (80%)
- $74,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,450
- Low (80%)
- $79,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,750 | $26,250 | $41,950 |
| 2 Persons | $18,000 | $30,000 | $47,950 |
| 3 Persons | $21,960 | $33,750 | $53,950 |
| 4 Persons | $26,500 | $37,450 | $59,900 |
| 5 Persons | $31,040 | $40,450 | $64,700 |
| 6 Persons | $35,580 | $43,450 | $69,500 |
| 7 Persons | $40,120 | $46,450 | $74,300 |
| 8 Persons | $44,660 | $49,450 | $79,100 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Bentonville, AR?+
The Fair Market Rent (FMR) for Benton County, AR is: $871 (Studio), $924 (1BR), $1121 (2BR), $1580 (3BR), $1847 (4BR). Actual rent at subsidized properties like Garland Square of Bentonville Prestonwood is typically 30% of household income or less.
What size apartments are available at Garland Square of Bentonville Prestonwood?+
Garland Square of Bentonville Prestonwood offers the following unit types: 24 Two-Bedroom, 38 Three-Bedroom units, for a total of 62 units.
What is the price range for apartments in Bentonville, AR?+
Based on Fair Market Rent for Benton County, the estimated price range is: 2-bedroom: $1121, 3-bedroom: $1580. Actual rent at Garland Square of Bentonville Prestonwood may be lower for income-eligible households.
Who manages Garland Square of Bentonville Prestonwood?+
Garland Square of Bentonville Prestonwood is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Garland Square of Bentonville Prestonwood?+
Garland Square of Bentonville Prestonwood 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.
What are the income limits for affordable housing in Benton County, AR?+
For a 4-person household in Benton County, AR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,450, Low Income (80% AMI): $59,900. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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