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
Pre-applications are accepted, and family needs are considered for invitations to apply. Declining two invitations will purge the application from the waitlist.
Pre-applications are currently being accepted; eligibility depends on annual gross income, age or disability status, and US citizenship or eligible immigration. Declining two invitations to apply will purge the application from the waitlist.
Waitlist data provided by section8waitlist.org
Updated May 8, 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.
Who manages Monticello Estates?+
Monticello Estates is managed by . You can reach them at . Visit their website for more information.
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.
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.
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.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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