About This Property
Big Sky Apartments - Phase I offers 24 low-income units in Big Sky, Montana, with a mix of studio, one-bedroom, and two-bedroom floor plans. The property was placed in service in 1998 and operates under 9% Low-Income Housing Tax Credit financing. Units are managed and available for income-qualified renters in Madison County.
Property Details
Fair Market Rent - Madison 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 | $777 |
| 1 Bedroom | $795 |
| 2 Bedroom | $1,023 |
| 3 Bedroom | $1,237 |
| 4 Bedroom | $1,611 |
Income Limits - Madison County, MT
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,950
- Very Low (50%)
- $24,850
- Low (80%)
- $39,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,400
- Low (80%)
- $45,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,950
- Low (80%)
- $51,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,500
- Low (80%)
- $56,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,350
- Low (80%)
- $61,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,200
- Low (80%)
- $65,900
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,050
- Low (80%)
- $70,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,900
- Low (80%)
- $75,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,950 | $24,850 | $39,800 |
| 2 Persons | $17,420 | $28,400 | $45,450 |
| 3 Persons | $21,960 | $31,950 | $51,150 |
| 4 Persons | $26,500 | $35,500 | $56,800 |
| 5 Persons | $31,040 | $38,350 | $61,350 |
| 6 Persons | $35,580 | $41,200 | $65,900 |
| 7 Persons | $40,120 | $44,050 | $70,450 |
| 8 Persons | $44,660 | $46,900 | $75,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Big Sky, MT?+
The Fair Market Rent (FMR) for Madison County, MT is: $777 (Studio), $795 (1BR), $1023 (2BR), $1237 (3BR), $1611 (4BR). Actual rent at subsidized properties like Big Sky Apartments - Phase I is typically 30% of household income or less.
What size apartments are available at Big Sky Apartments - Phase I?+
Big Sky Apartments - Phase I offers the following unit types: 11 Studio, 24 One-Bedroom, 13 Two-Bedroom units, for a total of 24 units.
What are the income limits for affordable housing in Madison County, MT?+
For a 4-person household in Madison County, MT, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,500, Low Income (80% AMI): $56,800. These limits are set by HUD and updated annually.
Who manages Big Sky Apartments - Phase I?+
Big Sky Apartments - Phase I is managed by . You can reach them at .
How do I apply for housing at Big Sky Apartments - Phase I?+
Big Sky Apartments - Phase I is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 Big Sky, MT?+
Based on Fair Market Rent for Madison County, the estimated price range is: 1-bedroom: $795, 2-bedroom: $1023. Actual rent at Big Sky Apartments - Phase I may be lower for income-eligible households.
Who is eligible to live at Big Sky Apartments - Phase I?+
Big Sky Apartments - Phase I primarily serves UNSPECIFIED. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Almost All Errands Require a Car