About This Property
Vanderbilt Apartments consists of 123 units in Asheville, NC, with 118 designated as low-income housing. The property includes 42 studios and 81 one-bedroom units and serves elderly, disabled, and formerly homeless residents. Placed in service in 2007 and financed through 4% Low-Income Housing Tax Credits, the community continues operating as affordable housing for qualifying households.
Waitlist Information
Waitlist managed by Housing Authority of the City of Asheville
Applications accepted online only. Includes Maple Crest Apartments.
The HCV Tenant-Based Voucher waitlist is open. This includes Tenant-Mobility Vouchers for PBV-RAD participants after one year of residency. Applications accepted online only.
Waitlist data provided by section8waitlist.org
Updated June 21, 2026
Property Details
Fair Market Rent - Buncombe County, NC
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,428 |
| 1 Bedroom | $1,496 |
| 2 Bedroom | $1,680 |
| 3 Bedroom | $2,160 |
| 4 Bedroom | $2,851 |
Income Limits - Buncombe County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,800
- Very Low (50%)
- $26,300
- Low (80%)
- $42,100
- Extremely Low (30%)
- $18,050
- Very Low (50%)
- $30,050
- Low (80%)
- $48,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,800
- Low (80%)
- $54,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,550
- Low (80%)
- $60,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,600
- Low (80%)
- $64,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,600
- Low (80%)
- $69,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,600
- Low (80%)
- $74,550
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,600
- Low (80%)
- $79,350
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,800 | $26,300 | $42,100 |
| 2 Persons | $18,050 | $30,050 | $48,100 |
| 3 Persons | $21,960 | $33,800 | $54,100 |
| 4 Persons | $26,500 | $37,550 | $60,100 |
| 5 Persons | $31,040 | $40,600 | $64,950 |
| 6 Persons | $35,580 | $43,600 | $69,750 |
| 7 Persons | $40,120 | $46,600 | $74,550 |
| 8 Persons | $44,660 | $49,600 | $79,350 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Asheville, NC?+
The Fair Market Rent (FMR) for Buncombe County, NC is: $1428 (Studio), $1496 (1BR), $1680 (2BR), $2160 (3BR), $2851 (4BR). Actual rent at subsidized properties like Vanderbilt Apartments is typically 30% of household income or less.
What size apartments are available at Vanderbilt Apartments?+
Vanderbilt Apartments offers the following unit types: 42 Studio, 81 One-Bedroom units, for a total of 123 units.
Who manages Vanderbilt Apartments?+
Vanderbilt Apartments is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Vanderbilt Apartments?+
Vanderbilt Apartments primarily serves elderly residents, persons with disabilities, formerly homeless individuals. 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 Vanderbilt Apartments?+
Vanderbilt 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.
Is there a waitlist for Vanderbilt Apartments?+
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 Asheville, NC?+
Based on Fair Market Rent for Buncombe County, the estimated price range is: 1-bedroom: $1496. Actual rent at Vanderbilt Apartments may be lower for income-eligible households.
What are the income limits for affordable housing in Buncombe County, NC?+
For a 4-person household in Buncombe County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,550, Low Income (80% AMI): $60,100. These limits are set by HUD and updated annually.
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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