About This Property
Chilowee Apts offers 48 low-income residential units in Benton, Tennessee, comprising 16 one-bedroom and 32 two-bedroom apartments. The property has been in service since 1994 and currently operates with 4% Low-Income Housing Tax Credit financing. Interested parties may contact the property management for additional information regarding occupancy and lease terms.
Property Details
Fair Market Rent - Polk 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 | $789 |
| 1 Bedroom | $848 |
| 2 Bedroom | $1,114 |
| 3 Bedroom | $1,462 |
| 4 Bedroom | $1,529 |
Income Limits - Polk County, TN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,450
- Low (80%)
- $32,700
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,400
- Low (80%)
- $37,400
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,300
- Low (80%)
- $42,050
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,200
- Low (80%)
- $46,700
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $31,550
- Low (80%)
- $50,450
- Extremely Low (30%)
- $33,900
- Very Low (50%)
- $33,900
- Low (80%)
- $54,200
- Extremely Low (30%)
- $36,250
- Very Low (50%)
- $36,250
- Low (80%)
- $57,950
- Extremely Low (30%)
- $38,550
- Very Low (50%)
- $38,550
- Low (80%)
- $61,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,450 | $32,700 |
| 2 Persons | $17,420 | $23,400 | $37,400 |
| 3 Persons | $21,960 | $26,300 | $42,050 |
| 4 Persons | $26,500 | $29,200 | $46,700 |
| 5 Persons | $31,040 | $31,550 | $50,450 |
| 6 Persons | $33,900 | $33,900 | $54,200 |
| 7 Persons | $36,250 | $36,250 | $57,950 |
| 8 Persons | $38,550 | $38,550 | $61,650 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Benton, TN?+
The Fair Market Rent (FMR) for Polk County, TN is: $789 (Studio), $848 (1BR), $1114 (2BR), $1462 (3BR), $1529 (4BR). Actual rent at subsidized properties like Chilowee Apts is typically 30% of household income or less.
What size apartments are available at Chilowee Apts?+
Chilowee Apts offers the following unit types: 16 One-Bedroom, 32 Two-Bedroom units, for a total of 48 units.
Who manages Chilowee Apts?+
Chilowee Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Polk County, TN?+
For a 4-person household in Polk County, TN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,200, Low Income (80% AMI): $46,700. These limits are set by HUD and updated annually.
What is the price range for apartments in Benton, TN?+
Based on Fair Market Rent for Polk County, the estimated price range is: 1-bedroom: $848, 2-bedroom: $1114. Actual rent at Chilowee Apts may be lower for income-eligible households.
How do I apply for housing at Chilowee Apts?+
Chilowee 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.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.