About This Property
Martin Place Apts Phase II comprises 24 low-income rental units in Prescott, Arkansas, featuring a mix of 12 one-bedroom and 12 two-bedroom apartments. The property was placed in service in 1991 and is financed through 4% Low-Income Housing Tax Credits (LIHTC). The development serves households meeting low-income qualification requirements in Nevada County.
Waitlist Information
Waitlist managed by Housing Authority of the City of Prescott
Preferences are given to elderly, disabled, and working families.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Nevada 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 | $653 |
| 1 Bedroom | $671 |
| 2 Bedroom | $881 |
| 3 Bedroom | $1,065 |
| 4 Bedroom | $1,243 |
Income Limits - Nevada County, AR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $18,950
- Low (80%)
- $30,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,650
- Low (80%)
- $34,650
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,350
- Low (80%)
- $39,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,050
- Low (80%)
- $43,300
- Extremely Low (30%)
- $29,250
- Very Low (50%)
- $29,250
- Low (80%)
- $46,800
- Extremely Low (30%)
- $31,400
- Very Low (50%)
- $31,400
- Low (80%)
- $50,250
- Extremely Low (30%)
- $33,550
- Very Low (50%)
- $33,550
- Low (80%)
- $53,700
- Extremely Low (30%)
- $35,750
- Very Low (50%)
- $35,750
- Low (80%)
- $57,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $18,950 | $30,350 |
| 2 Persons | $17,420 | $21,650 | $34,650 |
| 3 Persons | $21,960 | $24,350 | $39,000 |
| 4 Persons | $26,500 | $27,050 | $43,300 |
| 5 Persons | $29,250 | $29,250 | $46,800 |
| 6 Persons | $31,400 | $31,400 | $50,250 |
| 7 Persons | $33,550 | $33,550 | $53,700 |
| 8 Persons | $35,750 | $35,750 | $57,200 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Prescott, AR?+
The Fair Market Rent (FMR) for Nevada County, AR is: $653 (Studio), $671 (1BR), $881 (2BR), $1065 (3BR), $1243 (4BR). Actual rent at subsidized properties like Martin Place Apts Phase Ii is typically 30% of household income or less.
What size apartments are available at Martin Place Apts Phase Ii?+
Martin Place Apts Phase Ii offers the following unit types: 12 One-Bedroom, 12 Two-Bedroom units, for a total of 24 units.
Who manages Martin Place Apts Phase Ii?+
Martin Place Apts Phase Ii is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Martin Place Apts Phase Ii?+
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 Nevada County, AR?+
For a 4-person household in Nevada County, AR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,050, Low Income (80% AMI): $43,300. These limits are set by HUD and updated annually.
How do I apply for housing at Martin Place Apts Phase Ii?+
Martin Place Apts Phase Ii 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 Prescott, AR?+
Based on Fair Market Rent for Nevada County, the estimated price range is: 1-bedroom: $671, 2-bedroom: $881. Actual rent at Martin Place Apts Phase Ii may be lower for income-eligible households.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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