About This Property
Park Terrace Apts offers 88 one-bedroom units in Portland, Oregon, with 87 designated as low-income housing. The property, which opened in 2001, serves elderly residents and is supported through 9% Low-Income Housing Tax Credits. A non-profit organization owns and manages the community.
Waitlist Information
Waitlist managed by Housing Authority of Portland (Homeforward)
Home Forward will accept online applications for five property-based waitlists from September 9, 2026, at 9:00 a.m. Pacific Time through September 21, 2026, at 11:59 p.m. Pacific Time. These include Meadowlark Place, Dahlke Manor, Hollywood East, Medalion, and Gresham Civic Station. Dahlke Manor, Hollywood East, and Medalion are designated for seniors (55+) or individuals with a verified disability. Applicants will be randomly selected to fill spots for the next three years.
The waitlist was last opened in April 2025. Applicants from that time will be notified by the end of September 2025. Status can be checked on the Rent Café portal.
Waitlist data provided by section8waitlist.org
Updated September 9, 2026
Property Details
Fair Market Rent - Multnomah 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 | $1,650 |
| 1 Bedroom | $1,776 |
| 2 Bedroom | $2,024 |
| 3 Bedroom | $2,809 |
| 4 Bedroom | $3,254 |
Income Limits - Multnomah County, OR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $20,300
- Very Low (50%)
- $33,850
- Low (80%)
- $54,150
- Extremely Low (30%)
- $23,200
- Very Low (50%)
- $38,700
- Low (80%)
- $61,900
- Extremely Low (30%)
- $26,100
- Very Low (50%)
- $43,550
- Low (80%)
- $69,650
- Extremely Low (30%)
- $29,000
- Very Low (50%)
- $48,350
- Low (80%)
- $77,350
- Extremely Low (30%)
- $31,350
- Very Low (50%)
- $52,250
- Low (80%)
- $83,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $56,100
- Low (80%)
- $89,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $60,000
- Low (80%)
- $95,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $63,850
- Low (80%)
- $102,150
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $20,300 | $33,850 | $54,150 |
| 2 Persons | $23,200 | $38,700 | $61,900 |
| 3 Persons | $26,100 | $43,550 | $69,650 |
| 4 Persons | $29,000 | $48,350 | $77,350 |
| 5 Persons | $31,350 | $52,250 | $83,550 |
| 6 Persons | $35,580 | $56,100 | $89,750 |
| 7 Persons | $40,120 | $60,000 | $95,950 |
| 8 Persons | $44,660 | $63,850 | $102,150 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Portland, OR?+
The Fair Market Rent (FMR) for Multnomah County, OR is: $1650 (Studio), $1776 (1BR), $2024 (2BR), $2809 (3BR), $3254 (4BR). Actual rent at subsidized properties like Park Terrace Apts is typically 30% of household income or less.
What size apartments are available at Park Terrace Apts?+
Park Terrace Apts offers the following unit types: 88 One-Bedroom units, for a total of 88 units.
What is the price range for apartments in Portland, OR?+
Based on Fair Market Rent for Multnomah County, the estimated price range is: 1-bedroom: $1776. Actual rent at Park Terrace Apts may be lower for income-eligible households.
Who manages Park Terrace Apts?+
Park Terrace Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Park Terrace Apts?+
Park Terrace 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.
Is there a waitlist for Park Terrace Apts?+
Public Housing waitlist is currently Opening Soon and is expected to open for applications soon. 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.
Who is eligible to live at Park Terrace Apts?+
Park Terrace 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 Multnomah County, OR?+
For a 4-person household in Multnomah County, OR, the income limits are: Extremely Low Income (30% AMI): $29,000, Very Low Income (50% AMI): $48,350, Low Income (80% AMI): $77,350. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.