About This Property
Peaks At Hot Springs contains 48 units in Hot Springs, Arkansas, with 38 designated as low-income housing. The property features a mix of studio, one-bedroom, two-bedroom, and three-bedroom units and has been in service since 2008. The development utilizes 9% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Hot Springs Housing Authority
Applicants are placed on the waiting list by the date and time the pre-application is received; there are no stated preferences.
The waiting list is open until further notice. No documents are needed to apply at this time.
Waitlist data provided by section8waitlist.org
Updated April 17, 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 |
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 At Hot Springs is typically 30% of household income or less.
What size apartments are available at Peaks At Hot Springs?+
Peaks At Hot Springs offers the following unit types: 1 Studio, 6 One-Bedroom, 17 Two-Bedroom, 24 Three-Bedroom units, for a total of 48 units.
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 At Hot Springs?+
Peaks At Hot Springs 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.
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 At Hot Springs may be lower for income-eligible households.
Is there a waitlist for Peaks At Hot Springs?+
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 Peaks At Hot Springs?+
Peaks At Hot Springs 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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