About This Property
Ridgeway comprises 32 low-income rental units in Monticello, Arkansas, with a mix of 31 one-bedroom and 1 two-bedroom units. The property was placed in service in 2011 and utilizes 9% Low-Income Housing Tax Credits (LIHTC) to support affordability.
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 |
Advertisement
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 Ridgeway is typically 30% of household income or less.
What size apartments are available at Ridgeway?+
Ridgeway offers the following unit types: 31 One-Bedroom, 1 Two-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: 1-bedroom: $673, 2-bedroom: $884. Actual rent at Ridgeway may be lower for income-eligible households.
Who manages Ridgeway?+
Ridgeway 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.
How do I apply for housing at Ridgeway?+
Ridgeway 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 Ridgeway?+
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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Ridgeway
Cedar Hill Apartments Ii
Monticello, AR
60 UnitsVineyards of Monticello
Monticello, AR
48 UnitsMonticello Apts
Monticello, AR
24 UnitsMonticello Estates
Monticello, AR
32 UnitsDrew Apartments
Monticello, AR
24 UnitsVineyards of Monticello
Monticello, AR
48 Units