About This Property
Monticello Estates comprises 32 low-income residential units in Monticello, Arkansas, with 16 two-bedroom and 16 three-bedroom floor plans. The property was placed in service in 2002 and utilizes 9% Low-Income Housing Tax Credits (LIHTC) to support affordability. Professional management ensures ongoing operations and maintenance of the community.
Waitlist Information
Waitlist managed by Drew County Public Facilities Board
Income limits apply. Applicants who decline two invitations to apply will have their application purged from the waitlist.
Income limits apply, with a very low-income family of four in Drew County, AR, needing an annual income of $33,550 or less (FY2025) to potentially qualify. The agency serves a high percentage of extremely low-income renters, female-headed households, seniors, and persons with disabilities.
Waitlist data provided by section8waitlist.org
Updated June 18, 2026
Property Details
Fair Market Rent - Drew 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 | $655 |
| 1 Bedroom | $673 |
| 2 Bedroom | $884 |
| 3 Bedroom | $1,084 |
| 4 Bedroom | $1,291 |
Income Limits - Drew County, AR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,800
- Low (80%)
- $31,650
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,600
- Low (80%)
- $36,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $25,450
- Low (80%)
- $40,700
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $28,250
- Low (80%)
- $45,200
- Extremely Low (30%)
- $30,550
- Very Low (50%)
- $30,550
- Low (80%)
- $48,850
- Extremely Low (30%)
- $32,800
- Very Low (50%)
- $32,800
- Low (80%)
- $52,450
- Extremely Low (30%)
- $35,050
- Very Low (50%)
- $35,050
- Low (80%)
- $56,050
- Extremely Low (30%)
- $37,300
- Very Low (50%)
- $37,300
- Low (80%)
- $59,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,800 | $31,650 |
| 2 Persons | $17,420 | $22,600 | $36,200 |
| 3 Persons | $21,960 | $25,450 | $40,700 |
| 4 Persons | $26,500 | $28,250 | $45,200 |
| 5 Persons | $30,550 | $30,550 | $48,850 |
| 6 Persons | $32,800 | $32,800 | $52,450 |
| 7 Persons | $35,050 | $35,050 | $56,050 |
| 8 Persons | $37,300 | $37,300 | $59,700 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Monticello, AR?+
The Fair Market Rent (FMR) for Drew County, AR is: $655 (Studio), $673 (1BR), $884 (2BR), $1084 (3BR), $1291 (4BR). Actual rent at subsidized properties like Monticello Estates is typically 30% of household income or less.
What size apartments are available at Monticello Estates?+
Monticello Estates offers the following unit types: 16 Two-Bedroom, 16 Three-Bedroom units, for a total of 32 units.
What is the price range for apartments in Monticello, AR?+
Based on Fair Market Rent for Drew County, the estimated price range is: 2-bedroom: $884, 3-bedroom: $1084. Actual rent at Monticello Estates may be lower for income-eligible households.
Is there a waitlist for Monticello Estates?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who manages Monticello Estates?+
Monticello Estates is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Monticello Estates?+
Monticello Estates 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 Drew County, AR?+
For a 4-person household in Drew County, AR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $28,250, Low Income (80% AMI): $45,200. 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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