About This Property
Lancaster/Monticello Apt comprises 15 low-income units in Austin, Texas, with a mix of four 1-bedroom and two 2-bedroom units. The property has been in service since 1989 and operates in Travis County. Interested parties should contact the property management for current availability and lease terms.
Waitlist Information
Waitlist managed by Austin Housing Authority
Applications are accepted at the program level for 2, 3, 4, and 5-bedroom units; efficiency and 1-bedroom waitlists may be closed. Preferences include elderly (62+), disabled, or families displaced by natural disaster or government action; only one preference can be applied.
The HCV waitlist was last open for one week in September 2018, and before that in October 2014. When open, 2,000 applicants were placed on the waiting list by random lottery, by order of preferences including elderly, disabled, involuntarily displaced, homeless, families with minor children, and residents of Travis, Hays, Bastrop, Caldwell, or Williamson County. New referrals currently come through the ECHO Coordinated Entry System.
Waitlist data provided by section8waitlist.org
Updated September 11, 2026
Property Details
Fair Market Rent - Travis County, TX
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,519 |
| 1 Bedroom | $1,635 |
| 2 Bedroom | $1,924 |
| 3 Bedroom | $2,470 |
| 4 Bedroom | $2,840 |
Income Limits - Travis County, TX
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $20,800
- Very Low (50%)
- $34,650
- Low (80%)
- $55,400
- Extremely Low (30%)
- $23,750
- Very Low (50%)
- $39,600
- Low (80%)
- $63,300
- Extremely Low (30%)
- $26,700
- Very Low (50%)
- $44,550
- Low (80%)
- $71,200
- Extremely Low (30%)
- $29,650
- Very Low (50%)
- $49,450
- Low (80%)
- $79,100
- Extremely Low (30%)
- $32,050
- Very Low (50%)
- $53,450
- Low (80%)
- $85,450
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $57,400
- Low (80%)
- $91,800
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $61,350
- Low (80%)
- $98,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $65,300
- Low (80%)
- $104,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $20,800 | $34,650 | $55,400 |
| 2 Persons | $23,750 | $39,600 | $63,300 |
| 3 Persons | $26,700 | $44,550 | $71,200 |
| 4 Persons | $29,650 | $49,450 | $79,100 |
| 5 Persons | $32,050 | $53,450 | $85,450 |
| 6 Persons | $35,580 | $57,400 | $91,800 |
| 7 Persons | $40,120 | $61,350 | $98,100 |
| 8 Persons | $44,660 | $65,300 | $104,450 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Austin, TX?+
The Fair Market Rent (FMR) for Travis County, TX is: $1519 (Studio), $1635 (1BR), $1924 (2BR), $2470 (3BR), $2840 (4BR). Actual rent at subsidized properties like Lancaster/Monticello Apt is typically 30% of household income or less.
What size apartments are available at Lancaster/Monticello Apt?+
Lancaster/Monticello Apt offers the following unit types: 4 One-Bedroom, 2 Two-Bedroom units, for a total of 15 units.
What is the price range for apartments in Austin, TX?+
Based on Fair Market Rent for Travis County, the estimated price range is: 1-bedroom: $1635, 2-bedroom: $1924. Actual rent at Lancaster/Monticello Apt may be lower for income-eligible households.
Who manages Lancaster/Monticello Apt?+
Lancaster/Monticello Apt is managed by . You can reach them at .
What are the income limits for affordable housing in Travis County, TX?+
For a 4-person household in Travis County, TX, the income limits are: Extremely Low Income (30% AMI): $29,650, Very Low Income (50% AMI): $49,450, Low Income (80% AMI): $79,100. These limits are set by HUD and updated annually.
How do I apply for housing at Lancaster/Monticello Apt?+
Lancaster/Monticello Apt 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.
Is there a waitlist for Lancaster/Monticello Apt?+
Public Housing waitlist is currently Open. 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.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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