About This Property
The Colony Apts comprises 56 low-income units serving families in Albertville, AL, with a unit mix of 16 one-bedroom, 16 two-bedroom, and 24 three-bedroom apartments. The property has been in service since 1997 and utilizes 9% Low-Income Housing Tax Credits. Marshall County residents seeking affordable rental housing options can contact the property management for availability and lease information.
Waitlist Information
Waitlist managed by Albertville Housing Authority
The website states that the Public Housing waiting list is currently closed.
The website states that the Housing Choice Voucher Program waiting list is currently closed.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Marshall 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 | $655 |
| 1 Bedroom | $659 |
| 2 Bedroom | $866 |
| 3 Bedroom | $1,166 |
| 4 Bedroom | $1,170 |
Income Limits - Marshall County, AL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,850
- Low (80%)
- $31,750
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,700
- Low (80%)
- $36,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $25,550
- Low (80%)
- $40,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $28,350
- Low (80%)
- $45,350
- Extremely Low (30%)
- $30,650
- Very Low (50%)
- $30,650
- Low (80%)
- $49,000
- Extremely Low (30%)
- $32,900
- Very Low (50%)
- $32,900
- Low (80%)
- $52,650
- Extremely Low (30%)
- $35,200
- Very Low (50%)
- $35,200
- Low (80%)
- $56,250
- Extremely Low (30%)
- $37,450
- Very Low (50%)
- $37,450
- Low (80%)
- $59,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,850 | $31,750 |
| 2 Persons | $17,420 | $22,700 | $36,300 |
| 3 Persons | $21,960 | $25,550 | $40,850 |
| 4 Persons | $26,500 | $28,350 | $45,350 |
| 5 Persons | $30,650 | $30,650 | $49,000 |
| 6 Persons | $32,900 | $32,900 | $52,650 |
| 7 Persons | $35,200 | $35,200 | $56,250 |
| 8 Persons | $37,450 | $37,450 | $59,900 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Albertville, AL?+
The Fair Market Rent (FMR) for Marshall County, AL is: $655 (Studio), $659 (1BR), $866 (2BR), $1166 (3BR), $1170 (4BR). Actual rent at subsidized properties like The Colony Apts is typically 30% of household income or less.
What size apartments are available at The Colony Apts?+
The Colony Apts offers the following unit types: 16 One-Bedroom, 16 Two-Bedroom, 24 Three-Bedroom units, for a total of 56 units.
Who manages The Colony Apts?+
The Colony Apts is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for The Colony Apts?+
Public Housing waitlist is currently Closed. 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 The Colony Apts?+
The Colony 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 are the income limits for affordable housing in Marshall County, AL?+
For a 4-person household in Marshall County, AL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $28,350, Low Income (80% AMI): $45,350. These limits are set by HUD and updated annually.
Who is eligible to live at The Colony Apts?+
The Colony Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Albertville, AL?+
Based on Fair Market Rent for Marshall County, the estimated price range is: 1-bedroom: $659, 2-bedroom: $866, 3-bedroom: $1166. Actual rent at The Colony Apts may be lower for income-eligible households.
Contact Information
Walk Score
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