About This Property
Park Ridge of Monticello offers 64 units of affordable housing in Monticello, Arkansas, including 48 units designated for low-income residents. The property features a mix of one, two, and three-bedroom floor plans, with 8 one-bedroom, 16 two-bedroom, and 24 three-bedroom units available. The community has been in service since 2002 and operates under the 9% Low-Income Housing Tax Credit program.
Waitlist Information
Waitlist managed by Drew County Public Facilities Board
Pre-applications are accepted at the program level; family needs are considered for invitations to apply, and declining two invitations will purge the application from the waitlist.
The Voucher Programs department is currently accepting pre-applications.
Waitlist data provided by section8waitlist.org
Updated April 17, 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 |
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 Park Ridge of Monticello is typically 30% of household income or less.
What size apartments are available at Park Ridge of Monticello?+
Park Ridge of Monticello offers the following unit types: 8 One-Bedroom, 16 Two-Bedroom, 24 Three-Bedroom units, for a total of 64 units.
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.
What is the price range for apartments in Monticello, AR?+
Based on Fair Market Rent for Drew County, the estimated price range is: 1-bedroom: $673, 2-bedroom: $884, 3-bedroom: $1084. Actual rent at Park Ridge of Monticello may be lower for income-eligible households.
How do I apply for housing at Park Ridge of Monticello?+
Park Ridge of Monticello 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.
Is there a waitlist for Park Ridge of Monticello?+
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 Park Ridge of Monticello?+
Park Ridge of Monticello is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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