About This Property
Palace Hotel in Missoula, Montana contains 60 low-income residential units that have been in service since 1995. The property offers a mix of studio, one-bedroom, and two-bedroom units, with 4 studios, 44 one-bedroom units, and 12 two-bedroom units available. This affordable housing resource is supported by 9% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Missoula Housing Authority
Applicants' income must be at or below 50% of the Area Median Income; tenants pay 30% of their income toward housing; some properties may have 55+ age requirements.
Applicants' household income must be at or below 50% of the area median income; participants pay 30% of income towards rent; wait time is typically 1 to 4 years. MHA recommends keeping contact information updated and responding to annual mail correspondence to remain on the waiting list.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Missoula 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 | $845 |
| 1 Bedroom | $988 |
| 2 Bedroom | $1,203 |
| 3 Bedroom | $1,695 |
| 4 Bedroom | $2,041 |
Income Limits - Missoula County, MT
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,800
- Very Low (50%)
- $26,350
- Low (80%)
- $42,150
- Extremely Low (30%)
- $18,050
- Very Low (50%)
- $30,100
- Low (80%)
- $48,150
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,850
- Low (80%)
- $54,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,600
- Low (80%)
- $60,150
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,650
- Low (80%)
- $65,000
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,650
- Low (80%)
- $69,800
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,650
- Low (80%)
- $74,600
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,650
- Low (80%)
- $79,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,800 | $26,350 | $42,150 |
| 2 Persons | $18,050 | $30,100 | $48,150 |
| 3 Persons | $21,960 | $33,850 | $54,150 |
| 4 Persons | $26,500 | $37,600 | $60,150 |
| 5 Persons | $31,040 | $40,650 | $65,000 |
| 6 Persons | $35,580 | $43,650 | $69,800 |
| 7 Persons | $40,120 | $46,650 | $74,600 |
| 8 Persons | $44,660 | $49,650 | $79,400 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Missoula, MT?+
The Fair Market Rent (FMR) for Missoula County, MT is: $845 (Studio), $988 (1BR), $1203 (2BR), $1695 (3BR), $2041 (4BR). Actual rent at subsidized properties like Palace Hotel is typically 30% of household income or less.
What size apartments are available at Palace Hotel?+
Palace Hotel offers the following unit types: 4 Studio, 44 One-Bedroom, 12 Two-Bedroom units, for a total of 60 units.
What are the income limits for affordable housing in Missoula County, MT?+
For a 4-person household in Missoula County, MT, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,600, Low Income (80% AMI): $60,150. These limits are set by HUD and updated annually.
What is the price range for apartments in Missoula, MT?+
Based on Fair Market Rent for Missoula County, the estimated price range is: 1-bedroom: $988, 2-bedroom: $1203. Actual rent at Palace Hotel may be lower for income-eligible households.
How do I apply for housing at Palace Hotel?+
Palace Hotel 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 Palace Hotel?+
Public Housing waitlist is currently Open. 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.
Who manages Palace Hotel?+
Palace Hotel is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Walker's Paradise
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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