About This Property
Exchange is a single-unit affordable housing property in Wichita, Kansas serving families with one 2-bedroom unit designated as low-income housing. The property has been in service since 1988 and receives 9% Low-Income Housing Tax Credit financing. Sedgwick County residents can inquire about availability and eligibility requirements through the property management office.
Waitlist Information
Waitlist managed by Wichita Housing Authority
The Ark River Residences waitlist is for a new construction of forty-two affordable housing units, located at 5136 S. Broadway, Wichita, Kansas 67216.
Head of household must be at least 18 or an emancipated minor, income must not exceed HUD limits, and all adult members must pass a criminal background check with no lifetime registered sex offenders. Serves Sedgwick, Harvey (except Newton), and Butler Counties, with priority for families with children, elderly, and disabled individuals.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Sedgwick 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 | $689 |
| 1 Bedroom | $774 |
| 2 Bedroom | $1,017 |
| 3 Bedroom | $1,339 |
| 4 Bedroom | $1,639 |
Income Limits - Sedgwick County, KS
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,950
- Very Low (50%)
- $26,550
- Low (80%)
- $42,500
- Extremely Low (30%)
- $18,200
- Very Low (50%)
- $30,350
- Low (80%)
- $48,550
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,150
- Low (80%)
- $54,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,900
- Low (80%)
- $60,650
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,950
- Low (80%)
- $65,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,000
- Low (80%)
- $70,400
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,000
- Low (80%)
- $75,250
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,050
- Low (80%)
- $80,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,950 | $26,550 | $42,500 |
| 2 Persons | $18,200 | $30,350 | $48,550 |
| 3 Persons | $21,960 | $34,150 | $54,600 |
| 4 Persons | $26,500 | $37,900 | $60,650 |
| 5 Persons | $31,040 | $40,950 | $65,550 |
| 6 Persons | $35,580 | $44,000 | $70,400 |
| 7 Persons | $40,120 | $47,000 | $75,250 |
| 8 Persons | $44,660 | $50,050 | $80,100 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Wichita, KS?+
The Fair Market Rent (FMR) for Sedgwick County, KS is: $689 (Studio), $774 (1BR), $1017 (2BR), $1339 (3BR), $1639 (4BR). Actual rent at subsidized properties like Exchange is typically 30% of household income or less.
What size apartments are available at Exchange?+
Exchange offers the following unit types: 1 Two-Bedroom units, for a total of 1 units.
Is there a waitlist for Exchange?+
Public Housing waitlist is currently Opening Soon and is expected to open for applications soon. 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 is the price range for apartments in Wichita, KS?+
Based on Fair Market Rent for Sedgwick County, the estimated price range is: 2-bedroom: $1017. Actual rent at Exchange may be lower for income-eligible households.
How do I apply for housing at Exchange?+
Exchange 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 are the income limits for affordable housing in Sedgwick County, KS?+
For a 4-person household in Sedgwick County, KS, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,900, Low Income (80% AMI): $60,650. These limits are set by HUD and updated annually.
Who is eligible to live at Exchange?+
Exchange primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Exchange?+
Exchange 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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