About This Property
Lake Apartments offers 4 low-income units in Medicine Lake, MT, consisting of two 1-bedroom and two 2-bedroom units. The property has been in service since 1991 and is located in Sheridan County. Interested parties may contact the property management for additional information.
Property Details
Fair Market Rent - Sheridan 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 | $658 |
| 1 Bedroom | $806 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,201 |
| 4 Bedroom | $1,205 |
Income Limits - Sheridan County, MT
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,900
- Very Low (50%)
- $26,500
- Low (80%)
- $42,400
- Extremely Low (30%)
- $18,200
- Very Low (50%)
- $30,300
- Low (80%)
- $48,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,100
- Low (80%)
- $54,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,850
- Low (80%)
- $60,550
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,900
- Low (80%)
- $65,400
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,950
- Low (80%)
- $70,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,950
- Low (80%)
- $75,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,000
- Low (80%)
- $79,950
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,900 | $26,500 | $42,400 |
| 2 Persons | $18,200 | $30,300 | $48,450 |
| 3 Persons | $21,960 | $34,100 | $54,500 |
| 4 Persons | $26,500 | $37,850 | $60,550 |
| 5 Persons | $31,040 | $40,900 | $65,400 |
| 6 Persons | $35,580 | $43,950 | $70,250 |
| 7 Persons | $40,120 | $46,950 | $75,100 |
| 8 Persons | $44,660 | $50,000 | $79,950 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Medicine Lake, MT?+
The Fair Market Rent (FMR) for Sheridan County, MT is: $658 (Studio), $806 (1BR), $905 (2BR), $1201 (3BR), $1205 (4BR). Actual rent at subsidized properties like Lake Apartments is typically 30% of household income or less.
What size apartments are available at Lake Apartments?+
Lake Apartments offers the following unit types: 2 One-Bedroom, 2 Two-Bedroom units, for a total of 4 units.
What are the income limits for affordable housing in Sheridan County, MT?+
For a 4-person household in Sheridan County, MT, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,850, Low Income (80% AMI): $60,550. These limits are set by HUD and updated annually.
Who manages Lake Apartments?+
Lake Apartments is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Lake Apartments?+
Lake 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.
What is the price range for apartments in Medicine Lake, MT?+
Based on Fair Market Rent for Sheridan County, the estimated price range is: 1-bedroom: $806, 2-bedroom: $905. Actual rent at Lake Apartments may be lower for income-eligible households.
Who is eligible to live at Lake Apartments?+
Lake Apartments primarily serves Undesignated. 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