About This Property
Rainbow Terrace contains 484 low-income residential units in Cleveland, Ohio, consisting of 306 two-bedroom and 178 three-bedroom apartments. The property was placed in service in 2002 and is financed through tax-exempt bonds with 4% Low-Income Housing Tax Credits. The community serves households meeting low-income eligibility requirements.
Waitlist Information
Waitlist managed by Cuyahoga Metropolitan Housing Authority
Waitlist times vary by bedroom size, unit type, and admission preferences, with CMHA implementing local preferences for tenant selection that are equally weighted and not ranked.
Preliminary applications are accepted year-round. Selections are made through ongoing lottery-style drawings. Preliminary applications are valid for 18 months.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Cuyahoga County, OH
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $811 |
| 1 Bedroom | $913 |
| 2 Bedroom | $1,108 |
| 3 Bedroom | $1,434 |
| 4 Bedroom | $1,527 |
Income Limits - Cuyahoga County, OH
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,550
- Very Low (50%)
- $27,550
- Low (80%)
- $44,050
- Extremely Low (30%)
- $18,900
- Very Low (50%)
- $31,450
- Low (80%)
- $50,350
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,400
- Low (80%)
- $56,650
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,300
- Low (80%)
- $62,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,450
- Low (80%)
- $67,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,600
- Low (80%)
- $73,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $48,750
- Low (80%)
- $78,000
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $51,900
- Low (80%)
- $83,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,550 | $27,550 | $44,050 |
| 2 Persons | $18,900 | $31,450 | $50,350 |
| 3 Persons | $21,960 | $35,400 | $56,650 |
| 4 Persons | $26,500 | $39,300 | $62,900 |
| 5 Persons | $31,040 | $42,450 | $67,950 |
| 6 Persons | $35,580 | $45,600 | $73,000 |
| 7 Persons | $40,120 | $48,750 | $78,000 |
| 8 Persons | $44,660 | $51,900 | $83,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Cleveland, OH?+
The Fair Market Rent (FMR) for Cuyahoga County, OH is: $811 (Studio), $913 (1BR), $1108 (2BR), $1434 (3BR), $1527 (4BR). Actual rent at subsidized properties like Rainbow Terrace is typically 30% of household income or less.
What size apartments are available at Rainbow Terrace?+
Rainbow Terrace offers the following unit types: 306 Two-Bedroom, 178 Three-Bedroom units, for a total of 484 units.
What is the HUD inspection score for Rainbow Terrace?+
Rainbow Terrace has a HUD inspection score of 92 out of 100, which is considered excellent. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
What are the income limits for affordable housing in Cuyahoga County, OH?+
For a 4-person household in Cuyahoga County, OH, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,300, Low Income (80% AMI): $62,900. These limits are set by HUD and updated annually.
Who manages Rainbow Terrace?+
Rainbow Terrace is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Rainbow Terrace?+
Rainbow Terrace 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 Rainbow Terrace?+
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 Cleveland, OH?+
Based on Fair Market Rent for Cuyahoga County, the estimated price range is: 2-bedroom: $1108, 3-bedroom: $1434. Actual rent at Rainbow Terrace may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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