About This Property
Stoneridge III contains 40 two-bedroom units designated for low-income families in Salem, Oregon. The property has been in service since 1989 and is financed through 9% Low-Income Housing Tax Credits. Management and leasing information are available through the property contact.
Waitlist Information
Waitlist managed by Housing Authority of the City of Salem
The Salem Housing Authority currently has no open waiting lists, which includes Public Housing. When open, estimated wait times for 3-bedroom units are 18-24 months and 4-5 years for 4-5 bedroom units.
The Housing Choice Voucher program (Section 8) waitlist is currently closed but opens periodically as needed. They will post on their website and in newspapers when the list opens.
Waitlist data provided by section8waitlist.org
Updated June 24, 2026
Property Details
Fair Market Rent - Marion County, OR
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $997 |
| 1 Bedroom | $1,053 |
| 2 Bedroom | $1,340 |
| 3 Bedroom | $1,888 |
| 4 Bedroom | $2,095 |
Income Limits - Marion County, OR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,850
- Very Low (50%)
- $24,750
- Low (80%)
- $39,600
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,300
- Low (80%)
- $45,250
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,850
- Low (80%)
- $50,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,350
- Low (80%)
- $56,550
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,200
- Low (80%)
- $61,100
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,050
- Low (80%)
- $65,600
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,850
- Low (80%)
- $70,150
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,700
- Low (80%)
- $74,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,850 | $24,750 | $39,600 |
| 2 Persons | $17,420 | $28,300 | $45,250 |
| 3 Persons | $21,960 | $31,850 | $50,900 |
| 4 Persons | $26,500 | $35,350 | $56,550 |
| 5 Persons | $31,040 | $38,200 | $61,100 |
| 6 Persons | $35,580 | $41,050 | $65,600 |
| 7 Persons | $40,120 | $43,850 | $70,150 |
| 8 Persons | $44,660 | $46,700 | $74,650 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Salem, OR?+
The Fair Market Rent (FMR) for Marion County, OR is: $997 (Studio), $1053 (1BR), $1340 (2BR), $1888 (3BR), $2095 (4BR). Actual rent at subsidized properties like Stoneridge Iii is typically 30% of household income or less.
What size apartments are available at Stoneridge Iii?+
Stoneridge Iii offers the following unit types: 40 Two-Bedroom units, for a total of 40 units.
Who manages Stoneridge Iii?+
Stoneridge Iii is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Stoneridge Iii?+
Stoneridge Iii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Salem, OR?+
Based on Fair Market Rent for Marion County, the estimated price range is: 2-bedroom: $1340. Actual rent at Stoneridge Iii may be lower for income-eligible households.
How do I apply for housing at Stoneridge Iii?+
Stoneridge Iii 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 are the income limits for affordable housing in Marion County, OR?+
For a 4-person household in Marion County, OR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,350, Low Income (80% AMI): $56,550. These limits are set by HUD and updated annually.
Is there a waitlist for Stoneridge Iii?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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