About This Property
Cypress Garden Apts comprises 41 low-income units in Madisonville, TN, with 24 one-bedroom and 18 two-bedroom floor plans. The property has served disabled residents since being placed in service in 2011. This Monroe County community offers affordable housing options for individuals and families with low incomes.
Property Details
Fair Market Rent - Monroe County, TN
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $584 |
| 1 Bedroom | $685 |
| 2 Bedroom | $861 |
| 3 Bedroom | $1,153 |
| 4 Bedroom | $1,176 |
Income Limits - Monroe County, TN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,750
- Low (80%)
- $31,600
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,600
- Low (80%)
- $36,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $25,400
- Low (80%)
- $40,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $28,200
- Low (80%)
- $45,100
- Extremely Low (30%)
- $30,500
- Very Low (50%)
- $30,500
- Low (80%)
- $48,750
- Extremely Low (30%)
- $32,750
- Very Low (50%)
- $32,750
- Low (80%)
- $52,350
- Extremely Low (30%)
- $35,000
- Very Low (50%)
- $35,000
- Low (80%)
- $55,950
- Extremely Low (30%)
- $37,250
- Very Low (50%)
- $37,250
- Low (80%)
- $59,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,750 | $31,600 |
| 2 Persons | $17,420 | $22,600 | $36,100 |
| 3 Persons | $21,960 | $25,400 | $40,600 |
| 4 Persons | $26,500 | $28,200 | $45,100 |
| 5 Persons | $30,500 | $30,500 | $48,750 |
| 6 Persons | $32,750 | $32,750 | $52,350 |
| 7 Persons | $35,000 | $35,000 | $55,950 |
| 8 Persons | $37,250 | $37,250 | $59,550 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Madisonville, TN?+
The Fair Market Rent (FMR) for Monroe County, TN is: $584 (Studio), $685 (1BR), $861 (2BR), $1153 (3BR), $1176 (4BR). Actual rent at subsidized properties like Cypress Garden Apts is typically 30% of household income or less.
What size apartments are available at Cypress Garden Apts?+
Cypress Garden Apts offers the following unit types: 24 One-Bedroom, 18 Two-Bedroom units, for a total of 41 units.
How do I apply for housing at Cypress Garden Apts?+
Cypress Garden 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.
What is the price range for apartments in Madisonville, TN?+
Based on Fair Market Rent for Monroe County, the estimated price range is: 1-bedroom: $685, 2-bedroom: $861. Actual rent at Cypress Garden Apts may be lower for income-eligible households.
Who is eligible to live at Cypress Garden Apts?+
Cypress Garden Apts primarily serves persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Cypress Garden Apts?+
Cypress Garden Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Monroe County, TN?+
For a 4-person household in Monroe County, TN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $28,200, Low Income (80% AMI): $45,100. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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