About This Property
Ridgeway Apts contains 24 two-bedroom units designated for low-income households and has been in service since 2011. The property serves disabled residents in Madisonville, Tennessee. All 24 units at this Monroe County property provide affordable housing options.
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 Ridgeway Apts is typically 30% of household income or less.
What size apartments are available at Ridgeway Apts?+
Ridgeway Apts offers the following unit types: 24 Two-Bedroom units, for a total of 24 units.
What is the price range for apartments in Madisonville, TN?+
Based on Fair Market Rent for Monroe County, the estimated price range is: 2-bedroom: $861. Actual rent at Ridgeway Apts may be lower for income-eligible households.
Who is eligible to live at Ridgeway Apts?+
Ridgeway 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 Ridgeway Apts?+
Ridgeway Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Ridgeway Apts?+
Ridgeway 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 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.
More Affordable Housing Near Ridgeway Apts
Sweetwater Housing Authority
Sweetwater, TN
20 UnitsCloverleaf Apts
Madisonville, TN
48 Units
Sweetwater Ha
Tellico Plains, TN
2 UnitsMonroe Ridge Apts
Sweetwater, TN
48 UnitsWest Hills Apts
Sweetwater, TN
18 UnitsCherokee Hills Apts (Englewood)
Englewood, TN
24 Units