About This Property
Monticello Senior Apartments offers 24 one-bedroom units designed for elderly residents in Monticello, Kentucky. The property has been in service since 1995 and provides affordable housing through the low-income housing tax credit program. All units serve low-income households in Wayne County.
Waitlist Information
Waitlist managed by Housing Authority of Monticello
Currently accepting pre-applications for families and senior/disabled households. Preferences were not identified, and eligibility is based on income, family/elderly/disabled status, and citizenship.
No current information found regarding application methods or local preferences for the Monticello, KY HCV program.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Wayne County, KY
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $616 |
| 1 Bedroom | $699 |
| 2 Bedroom | $850 |
| 3 Bedroom | $1,198 |
| 4 Bedroom | $1,442 |
Income Limits - Wayne County, KY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,050
- Low (80%)
- $30,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,750
- Low (80%)
- $34,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,450
- Low (80%)
- $39,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,150
- Low (80%)
- $43,450
- Extremely Low (30%)
- $29,350
- Very Low (50%)
- $29,350
- Low (80%)
- $46,950
- Extremely Low (30%)
- $31,500
- Very Low (50%)
- $31,500
- Low (80%)
- $50,450
- Extremely Low (30%)
- $33,700
- Very Low (50%)
- $33,700
- Low (80%)
- $53,900
- Extremely Low (30%)
- $35,850
- Very Low (50%)
- $35,850
- Low (80%)
- $57,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,050 | $30,450 |
| 2 Persons | $17,420 | $21,750 | $34,800 |
| 3 Persons | $21,960 | $24,450 | $39,150 |
| 4 Persons | $26,500 | $27,150 | $43,450 |
| 5 Persons | $29,350 | $29,350 | $46,950 |
| 6 Persons | $31,500 | $31,500 | $50,450 |
| 7 Persons | $33,700 | $33,700 | $53,900 |
| 8 Persons | $35,850 | $35,850 | $57,400 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Monticello, KY?+
The Fair Market Rent (FMR) for Wayne County, KY is: $616 (Studio), $699 (1BR), $850 (2BR), $1198 (3BR), $1442 (4BR). Actual rent at subsidized properties like Monticello Senior Apartments is typically 30% of household income or less.
What size apartments are available at Monticello Senior Apartments?+
Monticello Senior Apartments offers the following unit types: 24 One-Bedroom units, for a total of 24 units.
Who is eligible to live at Monticello Senior Apartments?+
Monticello Senior Apartments primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Monticello Senior Apartments?+
Monticello Senior Apartments is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Monticello Senior Apartments?+
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 Wayne County, KY?+
For a 4-person household in Wayne County, KY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,150, Low Income (80% AMI): $43,450. These limits are set by HUD and updated annually.
What is the price range for apartments in Monticello, KY?+
Based on Fair Market Rent for Wayne County, the estimated price range is: 1-bedroom: $699. Actual rent at Monticello Senior Apartments may be lower for income-eligible households.
How do I apply for housing at Monticello Senior Apartments?+
Monticello Senior Apartments 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.
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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