About This Property
Ashland Lakes Apts Phase I comprises 200 low-income rental units in Memphis, Tennessee, serving families and disabled residents. The community includes 80 one-bedroom, 96 two-bedroom, and 24 three-bedroom units and has been in operation since 2007. The property is financed through 4% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Memphis Housing Authority
The Memphis Housing Authority will be accepting online applications for several Public Housing apartments, with openings occurring when units become available at each site.
MHA's Housing Choice Voucher Program (HCVP) waiting list is currently closed and is not accepting applications at this time. MHA will publicly advertise when the waiting list re-opens.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Shelby 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 | $1,031 |
| 1 Bedroom | $1,146 |
| 2 Bedroom | $1,298 |
| 3 Bedroom | $1,711 |
| 4 Bedroom | $1,995 |
Income Limits - Shelby County, TN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,450
- Very Low (50%)
- $24,050
- Low (80%)
- $38,500
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,500
- Low (80%)
- $44,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,950
- Low (80%)
- $49,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,350
- Low (80%)
- $54,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,100
- Low (80%)
- $59,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,850
- Low (80%)
- $63,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,600
- Low (80%)
- $68,150
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,350
- Low (80%)
- $72,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,450 | $24,050 | $38,500 |
| 2 Persons | $17,420 | $27,500 | $44,000 |
| 3 Persons | $21,960 | $30,950 | $49,500 |
| 4 Persons | $26,500 | $34,350 | $54,950 |
| 5 Persons | $31,040 | $37,100 | $59,350 |
| 6 Persons | $35,580 | $39,850 | $63,750 |
| 7 Persons | $40,120 | $42,600 | $68,150 |
| 8 Persons | $44,660 | $45,350 | $72,550 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Memphis, TN?+
The Fair Market Rent (FMR) for Shelby County, TN is: $1031 (Studio), $1146 (1BR), $1298 (2BR), $1711 (3BR), $1995 (4BR). Actual rent at subsidized properties like Ashland Lakes Apts Phase I is typically 30% of household income or less.
What size apartments are available at Ashland Lakes Apts Phase I?+
Ashland Lakes Apts Phase I offers the following unit types: 80 One-Bedroom, 96 Two-Bedroom, 24 Three-Bedroom units, for a total of 200 units.
Is there a waitlist for Ashland Lakes Apts Phase I?+
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 Ashland Lakes Apts Phase I?+
Ashland Lakes Apts Phase I primarily serves families, persons with disabilities. 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 Shelby County, TN?+
For a 4-person household in Shelby County, TN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,350, Low Income (80% AMI): $54,950. These limits are set by HUD and updated annually.
What is the price range for apartments in Memphis, TN?+
Based on Fair Market Rent for Shelby County, the estimated price range is: 1-bedroom: $1146, 2-bedroom: $1298, 3-bedroom: $1711. Actual rent at Ashland Lakes Apts Phase I may be lower for income-eligible households.
How do I apply for housing at Ashland Lakes Apts Phase I?+
Ashland Lakes Apts Phase I is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 manages Ashland Lakes Apts Phase I?+
Ashland Lakes Apts Phase I is managed by . You can reach them at .
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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