About This Property
Parker Place offers 70 units of affordable housing in Madison, Wisconsin, comprising 55 low-income units with a mix of 66 three-bedroom and 4 four-bedroom floor plans. The property was placed in service in 1997 and is funded through 4% Low-Income Housing Tax Credits. This Dane County community serves households seeking affordable rental options.
Waitlist Information
Waitlist managed by Madison Community Development Agency
The Senior and Disabled Public Housing waiting list is currently accepting applications indefinitely. Local residency, elderly, and persons with disabilities receive preferences.
The waiting list prioritizes families terminated from the HCV program due to insufficient funding, those with children, the disabled, and the elderly. Preferences are also given to City of Madison residents, homeless individuals, or survivors of domestic violence.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Dane County, WI
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,004 |
| 1 Bedroom | $1,182 |
| 2 Bedroom | $1,372 |
| 3 Bedroom | $1,808 |
| 4 Bedroom | $1,986 |
Income Limits - Dane County, WI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $21,700
- Very Low (50%)
- $36,100
- Low (80%)
- $55,950
- Extremely Low (30%)
- $24,800
- Very Low (50%)
- $41,250
- Low (80%)
- $63,950
- Extremely Low (30%)
- $27,900
- Very Low (50%)
- $46,400
- Low (80%)
- $71,950
- Extremely Low (30%)
- $30,950
- Very Low (50%)
- $51,550
- Low (80%)
- $79,900
- Extremely Low (30%)
- $33,450
- Very Low (50%)
- $55,700
- Low (80%)
- $86,300
- Extremely Low (30%)
- $35,950
- Very Low (50%)
- $59,800
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $63,950
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $68,050
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $21,700 | $36,100 | $55,950 |
| 2 Persons | $24,800 | $41,250 | $63,950 |
| 3 Persons | $27,900 | $46,400 | $71,950 |
| 4 Persons | $30,950 | $51,550 | $79,900 |
| 5 Persons | $33,450 | $55,700 | $86,300 |
| 6 Persons | $35,950 | $59,800 | $92,700 |
| 7 Persons | $40,120 | $63,950 | $99,100 |
| 8 Persons | $44,660 | $68,050 | $105,500 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Madison, WI?+
The Fair Market Rent (FMR) for Dane County, WI is: $1004 (Studio), $1182 (1BR), $1372 (2BR), $1808 (3BR), $1986 (4BR). Actual rent at subsidized properties like Parker Place is typically 30% of household income or less.
What size apartments are available at Parker Place?+
Parker Place offers the following unit types: 66 Three-Bedroom, 4 Four-Bedroom units, for a total of 70 units.
Who manages Parker Place?+
Parker Place is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Dane County, WI?+
For a 4-person household in Dane County, WI, the income limits are: Extremely Low Income (30% AMI): $30,950, Very Low Income (50% AMI): $51,550, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
Is there a waitlist for Parker Place?+
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.
How do I apply for housing at Parker Place?+
Parker Place 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 Madison, WI?+
Based on Fair Market Rent for Dane County, the estimated price range is: 3-bedroom: $1808. Actual rent at Parker Place may be lower for income-eligible households.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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