About This Property
Stonecrest Apts comprises 48 low-income units in Russellville, AL, with a mix of one-, two-, and three-bedroom floor plans serving families and disabled residents. The property, placed in service in 2003, receives funding through HOME and utilizes 9% Low-Income Housing Tax Credits. The unit distribution includes 8 one-bedroom, 24 two-bedroom, and 16 three-bedroom apartments.
Waitlist Information
Waitlist managed by Russellville Housing Authority
Eligibility is based on annual gross income, age or disability status, and US citizenship or eligible immigration.
No specific details on preferences or application process are available while the waiting list is closed.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Franklin County, AL
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $642 |
| 1 Bedroom | $763 |
| 2 Bedroom | $857 |
| 3 Bedroom | $1,042 |
| 4 Bedroom | $1,321 |
Income Limits - Franklin County, AL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,300
- Low (80%)
- $30,900
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,050
- Low (80%)
- $35,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,800
- Low (80%)
- $39,700
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,550
- Low (80%)
- $44,100
- Extremely Low (30%)
- $29,800
- Very Low (50%)
- $29,800
- Low (80%)
- $47,650
- Extremely Low (30%)
- $32,000
- Very Low (50%)
- $32,000
- Low (80%)
- $51,200
- Extremely Low (30%)
- $34,200
- Very Low (50%)
- $34,200
- Low (80%)
- $54,700
- Extremely Low (30%)
- $36,400
- Very Low (50%)
- $36,400
- Low (80%)
- $58,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,300 | $30,900 |
| 2 Persons | $17,420 | $22,050 | $35,300 |
| 3 Persons | $21,960 | $24,800 | $39,700 |
| 4 Persons | $26,500 | $27,550 | $44,100 |
| 5 Persons | $29,800 | $29,800 | $47,650 |
| 6 Persons | $32,000 | $32,000 | $51,200 |
| 7 Persons | $34,200 | $34,200 | $54,700 |
| 8 Persons | $36,400 | $36,400 | $58,250 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Russellville, AL?+
The Fair Market Rent (FMR) for Franklin County, AL is: $642 (Studio), $763 (1BR), $857 (2BR), $1042 (3BR), $1321 (4BR). Actual rent at subsidized properties like Stonecrest Apts is typically 30% of household income or less.
What size apartments are available at Stonecrest Apts?+
Stonecrest Apts offers the following unit types: 8 One-Bedroom, 24 Two-Bedroom, 16 Three-Bedroom units, for a total of 48 units.
How do I apply for housing at Stonecrest Apts?+
Stonecrest 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 is the price range for apartments in Russellville, AL?+
Based on Fair Market Rent for Franklin County, the estimated price range is: 1-bedroom: $763, 2-bedroom: $857, 3-bedroom: $1042. Actual rent at Stonecrest Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Franklin County, AL?+
For a 4-person household in Franklin County, AL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,550, Low Income (80% AMI): $44,100. These limits are set by HUD and updated annually.
Who manages Stonecrest Apts?+
Stonecrest Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Stonecrest Apts?+
Stonecrest Apts primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Is there a waitlist for Stonecrest Apts?+
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.
Contact Information
Location
Franklin County, AL
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