About This Property
Park Place Apartments is a 71-unit affordable housing community in Hot Springs, Arkansas that was placed in service in 2013. The property contains 44 one-bedroom, 16 two-bedroom, 8 three-bedroom, and 3 four-bedroom units designated for low-income residents and financed through 4% Low-Income Housing Tax Credits. The community serves families and individuals in Garland County.
Waitlist Information
Waitlist managed by Hot Springs Housing Authority
The waiting list is currently accepting pre-applications for families and senior/disabled households. Applicants are placed on the waiting list by the date and time the pre-application is received. The current wait time for Public Housing is approximately 6 to 12 months.
The Housing Choice Voucher waiting list closed on September 1, 2024.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Garland 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 | $767 |
| 1 Bedroom | $775 |
| 2 Bedroom | $1,007 |
| 3 Bedroom | $1,249 |
| 4 Bedroom | $1,616 |
Income Limits - Garland County, AR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,000
- Very Low (50%)
- $21,700
- Low (80%)
- $34,650
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,800
- Low (80%)
- $39,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,900
- Low (80%)
- $44,550
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,950
- Low (80%)
- $49,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,450
- Low (80%)
- $53,500
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $35,950
- Low (80%)
- $57,450
- Extremely Low (30%)
- $38,400
- Very Low (50%)
- $38,400
- Low (80%)
- $61,400
- Extremely Low (30%)
- $40,900
- Very Low (50%)
- $40,900
- Low (80%)
- $65,350
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,000 | $21,700 | $34,650 |
| 2 Persons | $17,420 | $24,800 | $39,600 |
| 3 Persons | $21,960 | $27,900 | $44,550 |
| 4 Persons | $26,500 | $30,950 | $49,500 |
| 5 Persons | $31,040 | $33,450 | $53,500 |
| 6 Persons | $35,580 | $35,950 | $57,450 |
| 7 Persons | $38,400 | $38,400 | $61,400 |
| 8 Persons | $40,900 | $40,900 | $65,350 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Hot Springs, AR?+
The Fair Market Rent (FMR) for Garland County, AR is: $767 (Studio), $775 (1BR), $1007 (2BR), $1249 (3BR), $1616 (4BR). Actual rent at subsidized properties like Park Place Apartments is typically 30% of household income or less.
What size apartments are available at Park Place Apartments?+
Park Place Apartments offers the following unit types: 44 One-Bedroom, 16 Two-Bedroom, 8 Three-Bedroom, 3 Four-Bedroom units, for a total of 71 units.
Is there a waitlist for Park Place Apartments?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What are the income limits for affordable housing in Garland County, AR?+
For a 4-person household in Garland County, AR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,950, Low Income (80% AMI): $49,500. These limits are set by HUD and updated annually.
How do I apply for housing at Park Place Apartments?+
Park Place Apartments 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.
Who manages Park Place Apartments?+
Park Place Apartments is managed by . You can reach them at .
What is the price range for apartments in Hot Springs, AR?+
Based on Fair Market Rent for Garland County, the estimated price range is: 1-bedroom: $775, 2-bedroom: $1007, 3-bedroom: $1249. Actual rent at Park Place Apartments may be lower for income-eligible households.
What is the HUD inspection score for Park Place Apartments?+
Park Place Apartments has a HUD inspection score of 97 out of 100, which is considered excellent. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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