About This Property
Garland Square of Bentonville/Prestonwood contains 62 low-income units that have been in service since 1994. The property offers a mix of 24 two-bedroom and 38 three-bedroom apartments. The community is situated in Bentonville in Benton County, Arkansas.
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 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.
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 .
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 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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