About This Property
Terrace Apts offers 84 low-income units in Olathe, Kansas, consisting of 42 one-bedroom and 42 two-bedroom apartments. The property was placed in service in 1988 and utilizes 9% Low-Income Housing Tax Credits to support its affordability. The apartments serve households seeking rental housing in Johnson County.
Waitlist Information
Waitlist managed by Olathe Housing Authority
Preferences are given to Olathe residents, those working at least 10 hours a week, and/or those who are at least 62 years of age or disabled.
Preferences are given to Olathe residents, those working at least 10 hours a week, and/or those who are at least 62 years of age or disabled.
Waitlist data provided by section8waitlist.org
Updated June 17, 2026
Property Details
Fair Market Rent - Johnson County, KS
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $985 |
| 1 Bedroom | $1,098 |
| 2 Bedroom | $1,258 |
| 3 Bedroom | $1,645 |
| 4 Bedroom | $1,931 |
Income Limits - Johnson County, KS
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,200
- Very Low (50%)
- $30,350
- Low (80%)
- $48,550
- Extremely Low (30%)
- $20,800
- Very Low (50%)
- $34,650
- Low (80%)
- $55,450
- Extremely Low (30%)
- $23,400
- Very Low (50%)
- $39,000
- Low (80%)
- $62,400
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $43,300
- Low (80%)
- $69,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $46,800
- Low (80%)
- $74,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $50,250
- Low (80%)
- $80,400
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $53,700
- Low (80%)
- $85,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $57,200
- Low (80%)
- $91,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,200 | $30,350 | $48,550 |
| 2 Persons | $20,800 | $34,650 | $55,450 |
| 3 Persons | $23,400 | $39,000 | $62,400 |
| 4 Persons | $26,500 | $43,300 | $69,300 |
| 5 Persons | $31,040 | $46,800 | $74,850 |
| 6 Persons | $35,580 | $50,250 | $80,400 |
| 7 Persons | $40,120 | $53,700 | $85,950 |
| 8 Persons | $44,660 | $57,200 | $91,500 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Olathe, KS?+
The Fair Market Rent (FMR) for Johnson County, KS is: $985 (Studio), $1098 (1BR), $1258 (2BR), $1645 (3BR), $1931 (4BR). Actual rent at subsidized properties like Terrace Apts is typically 30% of household income or less.
What size apartments are available at Terrace Apts?+
Terrace Apts offers the following unit types: 42 One-Bedroom, 42 Two-Bedroom units, for a total of 84 units.
What are the income limits for affordable housing in Johnson County, KS?+
For a 4-person household in Johnson County, KS, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $43,300, Low Income (80% AMI): $69,300. These limits are set by HUD and updated annually.
What is the price range for apartments in Olathe, KS?+
Based on Fair Market Rent for Johnson County, the estimated price range is: 1-bedroom: $1098, 2-bedroom: $1258. Actual rent at Terrace Apts may be lower for income-eligible households.
Who manages Terrace Apts?+
Terrace Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Terrace Apts?+
Terrace Apts 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 Terrace Apts?+
Public Housing waitlist is currently Closed. 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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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