About This Property
Peaks is a 48-unit affordable housing community in Hot Springs, Arkansas that includes 38 low-income units. The property, which entered service in 2008, offers a unit mix of six 1-bedroom, eighteen 2-bedroom, and twenty-four 3-bedroom apartments and is financed through 4% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Hot Springs Housing Authority
The waiting list is open until further notice for families and senior/disabled households; applicants are placed on the waiting list by the date and time the pre-application is received, with no specific preferences mentioned. The current wait time is approximately 6 to 12 months, and pre-applications must be picked up and hand-delivered at the HSHA office as the website version is incorrect.
The waiting list is open until further notice; applicants are placed on the waiting list by the date and time the pre-application is received, with no specific preferences mentioned and no documents needed at the time of pre-application.
Waitlist data provided by section8waitlist.org
Updated August 22, 2026
Property Details
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 Peaks is typically 30% of household income or less.
What size apartments are available at Peaks?+
Peaks offers the following unit types: 6 One-Bedroom, 18 Two-Bedroom, 24 Three-Bedroom units, for a total of 48 units.
Is there a waitlist for Peaks?+
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.
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 Peaks?+
Peaks 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.
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 Peaks may be lower for income-eligible households.
Who manages Peaks?+
Peaks is managed by . You can reach them at .
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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