About This Property
The Palace Apts comprises 75 units in Charleston, SC, with 60 designated as low-income housing serving families. The property, which opened in 2001, offers a unit mix of 40 two-bedroom and 35 three-bedroom apartments and is financed through 9% Low-Income Housing Tax Credits. This affordable housing community remains in operation under active management.
Waitlist Information
Waitlist managed by Housing Authority of the City of Charleston
The waitlist for Kiawah Homes (2-3 Bedrooms) will open on July 14, 2026, from 12:00 PM to 1:00 PM. The waitlist for Esau Jenkins Village (2-Bedrooms) for individuals aged 62 years and older will open on July 16, 2026, from 12:00 PM. The waitlist for Grace Homes (1-Bedroom) for individuals aged 62 years and older will open on July 21, 2026, from 12:00 PM.
The Housing Choice Voucher Program waiting list is not accepting applications at this time and is not scheduled to open anytime soon.
Waitlist data provided by section8waitlist.org
Updated July 7, 2026
Property Details
Fair Market Rent - Charleston County, SC
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,386 |
| 1 Bedroom | $1,424 |
| 2 Bedroom | $1,599 |
| 3 Bedroom | $1,979 |
| 4 Bedroom | $2,402 |
Income Limits - Charleston County, SC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,300
- Very Low (50%)
- $28,750
- Low (80%)
- $46,000
- Extremely Low (30%)
- $19,750
- Very Low (50%)
- $32,850
- Low (80%)
- $52,600
- Extremely Low (30%)
- $22,200
- Very Low (50%)
- $36,950
- Low (80%)
- $59,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $41,050
- Low (80%)
- $65,700
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $44,350
- Low (80%)
- $71,000
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $47,650
- Low (80%)
- $76,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $50,950
- Low (80%)
- $81,500
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $54,200
- Low (80%)
- $86,750
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,300 | $28,750 | $46,000 |
| 2 Persons | $19,750 | $32,850 | $52,600 |
| 3 Persons | $22,200 | $36,950 | $59,150 |
| 4 Persons | $26,500 | $41,050 | $65,700 |
| 5 Persons | $31,040 | $44,350 | $71,000 |
| 6 Persons | $35,580 | $47,650 | $76,250 |
| 7 Persons | $40,120 | $50,950 | $81,500 |
| 8 Persons | $44,660 | $54,200 | $86,750 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Charleston, SC?+
The Fair Market Rent (FMR) for Charleston County, SC is: $1386 (Studio), $1424 (1BR), $1599 (2BR), $1979 (3BR), $2402 (4BR). Actual rent at subsidized properties like The Palace Apts is typically 30% of household income or less.
What size apartments are available at The Palace Apts?+
The Palace Apts offers the following unit types: 40 Two-Bedroom, 35 Three-Bedroom units, for a total of 75 units.
How do I apply for housing at The Palace Apts?+
The Palace 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.
Who is eligible to live at The Palace Apts?+
The Palace Apts 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 Charleston, SC?+
Based on Fair Market Rent for Charleston County, the estimated price range is: 2-bedroom: $1599, 3-bedroom: $1979. Actual rent at The Palace Apts may be lower for income-eligible households.
Is there a waitlist for The Palace 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.
What are the income limits for affordable housing in Charleston County, SC?+
For a 4-person household in Charleston County, SC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $41,050, Low Income (80% AMI): $65,700. These limits are set by HUD and updated annually.
Who manages The Palace Apts?+
The Palace Apts is managed by . You can reach them at . Visit their website for more 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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