About This Property
Cornerstone offers 21 low-income units in Miles City, Montana, with a unit mix of three 1-bedroom, six 2-bedroom, and twelve 3-bedroom apartments designed to serve families. The property has been in service since 2007 and is currently managed by the property management team. Interested parties may contact the property directly for additional information regarding availability and lease terms.
Property Details
Fair Market Rent - Custer County, MT
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $708 |
| 1 Bedroom | $795 |
| 2 Bedroom | $1,044 |
| 3 Bedroom | $1,453 |
| 4 Bedroom | $1,458 |
Income Limits - Custer County, MT
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,450
- Very Low (50%)
- $27,450
- Low (80%)
- $43,900
- Extremely Low (30%)
- $18,800
- Very Low (50%)
- $31,350
- Low (80%)
- $50,150
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,250
- Low (80%)
- $56,400
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,150
- Low (80%)
- $62,650
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,300
- Low (80%)
- $67,700
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,450
- Low (80%)
- $72,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $48,550
- Low (80%)
- $77,700
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $51,700
- Low (80%)
- $82,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,450 | $27,450 | $43,900 |
| 2 Persons | $18,800 | $31,350 | $50,150 |
| 3 Persons | $21,960 | $35,250 | $56,400 |
| 4 Persons | $26,500 | $39,150 | $62,650 |
| 5 Persons | $31,040 | $42,300 | $67,700 |
| 6 Persons | $35,580 | $45,450 | $72,700 |
| 7 Persons | $40,120 | $48,550 | $77,700 |
| 8 Persons | $44,660 | $51,700 | $82,700 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Miles City, MT?+
The Fair Market Rent (FMR) for Custer County, MT is: $708 (Studio), $795 (1BR), $1044 (2BR), $1453 (3BR), $1458 (4BR). Actual rent at subsidized properties like Cornerstone is typically 30% of household income or less.
What size apartments are available at Cornerstone?+
Cornerstone offers the following unit types: 3 One-Bedroom, 6 Two-Bedroom, 12 Three-Bedroom units, for a total of 21 units.
Who manages Cornerstone?+
Cornerstone is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Cornerstone?+
Cornerstone primarily serves families, UNSPECIFIED. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Cornerstone?+
Cornerstone 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 Miles City, MT?+
Based on Fair Market Rent for Custer County, the estimated price range is: 1-bedroom: $795, 2-bedroom: $1044, 3-bedroom: $1453. Actual rent at Cornerstone may be lower for income-eligible households.
What are the income limits for affordable housing in Custer County, MT?+
For a 4-person household in Custer County, MT, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,150, Low Income (80% AMI): $62,650. These limits are set by HUD and updated annually.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.