About This Property
Olympic Apts comprises 41 one-bedroom units serving elderly residents in Watertown, NY. The property has been in service since 1992 and operates as a low-income housing community with 9% LIHTC credit financing. The non-profit owned community is available for eligible households.
Waitlist Information
Waitlist managed by Watertown Housing Authority
The organization operates exclusively from a waiting list for all applications. There is no option for immediate placement. Applicants will be placed on the waiting list and notified when a suitable unit becomes available.
Eligibility is generally based on income (below 50% Area Median Income), family size, and citizenship status. The current waitlist time is approximately 10-12 years.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Jefferson County, NY
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $922 |
| 1 Bedroom | $1,035 |
| 2 Bedroom | $1,360 |
| 3 Bedroom | $1,843 |
| 4 Bedroom | $2,231 |
Income Limits - Jefferson County, NY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,600
- Very Low (50%)
- $24,300
- Low (80%)
- $38,850
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,800
- Low (80%)
- $44,400
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,250
- Low (80%)
- $49,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,700
- Low (80%)
- $55,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,500
- Low (80%)
- $59,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,300
- Low (80%)
- $64,400
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,050
- Low (80%)
- $68,850
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,850
- Low (80%)
- $73,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,600 | $24,300 | $38,850 |
| 2 Persons | $17,420 | $27,800 | $44,400 |
| 3 Persons | $21,960 | $31,250 | $49,950 |
| 4 Persons | $26,500 | $34,700 | $55,500 |
| 5 Persons | $31,040 | $37,500 | $59,950 |
| 6 Persons | $35,580 | $40,300 | $64,400 |
| 7 Persons | $40,120 | $43,050 | $68,850 |
| 8 Persons | $44,660 | $45,850 | $73,300 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Watertown, NY?+
The Fair Market Rent (FMR) for Jefferson County, NY is: $922 (Studio), $1035 (1BR), $1360 (2BR), $1843 (3BR), $2231 (4BR). Actual rent at subsidized properties like Olympic Apts is typically 30% of household income or less.
What size apartments are available at Olympic Apts?+
Olympic Apts offers the following unit types: 41 One-Bedroom units, for a total of 41 units.
Who manages Olympic Apts?+
Olympic Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Olympic Apts?+
Olympic Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Jefferson County, NY?+
For a 4-person household in Jefferson County, NY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,700, Low Income (80% AMI): $55,500. These limits are set by HUD and updated annually.
Is there a waitlist for Olympic Apts?+
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.
What is the price range for apartments in Watertown, NY?+
Based on Fair Market Rent for Jefferson County, the estimated price range is: 1-bedroom: $1035. Actual rent at Olympic Apts may be lower for income-eligible households.
How do I apply for housing at Olympic Apts?+
Olympic Apts 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
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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