About This Property
Lakestone Apts comprises 144 low-income units in Ann Arbor, Michigan, with a unit mix of 32 one-bedroom, 72 two-bedroom, and 40 three-bedroom apartments. The property was placed in service in 1998 and is financed through 9% Low-Income Housing Tax Credits. The community serves low-income residents in Washtenaw County.
Waitlist Information
Waitlist managed by Ann Arbor Housing Commission
The Dunbar Tower Apartments Public Housing waiting list, which also included Project-Based Vouchers, was open from October 1, 2025, to October 7, 2025, for 31 one-bedroom apartments. Preferences included meeting income requirements, artist status, and Washtenaw County residency or employment, with 200 households randomly selected for the waitlist.
The HCV waiting list is closed with no announced reopening date. The Non-Elderly Disabled Section 8 HCV waitlist last opened in 2018 for five days with preferences for living, working, or attending school in Washtenaw County, disability, or homelessness.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Washtenaw County, MI
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,222 |
| 1 Bedroom | $1,234 |
| 2 Bedroom | $1,471 |
| 3 Bedroom | $1,779 |
| 4 Bedroom | $2,001 |
Income Limits - Washtenaw County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $22,400
- Very Low (50%)
- $37,300
- Low (80%)
- $55,950
- Extremely Low (30%)
- $25,600
- Very Low (50%)
- $42,600
- Low (80%)
- $63,950
- Extremely Low (30%)
- $28,800
- Very Low (50%)
- $47,950
- Low (80%)
- $71,950
- Extremely Low (30%)
- $31,950
- Very Low (50%)
- $53,250
- Low (80%)
- $79,900
- Extremely Low (30%)
- $34,550
- Very Low (50%)
- $57,550
- Low (80%)
- $86,300
- Extremely Low (30%)
- $37,100
- Very Low (50%)
- $61,800
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $66,050
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $70,300
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $22,400 | $37,300 | $55,950 |
| 2 Persons | $25,600 | $42,600 | $63,950 |
| 3 Persons | $28,800 | $47,950 | $71,950 |
| 4 Persons | $31,950 | $53,250 | $79,900 |
| 5 Persons | $34,550 | $57,550 | $86,300 |
| 6 Persons | $37,100 | $61,800 | $92,700 |
| 7 Persons | $40,120 | $66,050 | $99,100 |
| 8 Persons | $44,660 | $70,300 | $105,500 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Ann Arbor, MI?+
The Fair Market Rent (FMR) for Washtenaw County, MI is: $1222 (Studio), $1234 (1BR), $1471 (2BR), $1779 (3BR), $2001 (4BR). Actual rent at subsidized properties like Lakestone Apts is typically 30% of household income or less.
What size apartments are available at Lakestone Apts?+
Lakestone Apts offers the following unit types: 32 One-Bedroom, 72 Two-Bedroom, 40 Three-Bedroom units, for a total of 144 units.
Who manages Lakestone Apts?+
Lakestone Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Lakestone Apts?+
Lakestone 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 Washtenaw County, MI?+
For a 4-person household in Washtenaw County, MI, the income limits are: Extremely Low Income (30% AMI): $31,950, Very Low Income (50% AMI): $53,250, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
What is the price range for apartments in Ann Arbor, MI?+
Based on Fair Market Rent for Washtenaw County, the estimated price range is: 1-bedroom: $1234, 2-bedroom: $1471, 3-bedroom: $1779. Actual rent at Lakestone Apts may be lower for income-eligible households.
Is there a waitlist for Lakestone 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.
Contact Information
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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