About This Property
Colony Square Apts offers 80 low-income units in Smyrna, Tennessee, with a unit mix of eight 1-bedroom, fifty-six 2-bedroom, and sixteen 3-bedroom apartments. The property has been in service since 2008 and is managed by the on-site management team. Residents have access to standard apartment amenities and a professional management office for lease and maintenance inquiries.
Property Details
Fair Market Rent - Rutherford County, TN
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,404 |
| 1 Bedroom | $1,442 |
| 2 Bedroom | $1,619 |
| 3 Bedroom | $2,035 |
| 4 Bedroom | $2,482 |
Income Limits - Rutherford County, TN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,750
- Very Low (50%)
- $29,550
- Low (80%)
- $47,250
- Extremely Low (30%)
- $20,250
- Very Low (50%)
- $33,750
- Low (80%)
- $54,000
- Extremely Low (30%)
- $22,800
- Very Low (50%)
- $37,950
- Low (80%)
- $60,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,150
- Low (80%)
- $67,450
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $45,550
- Low (80%)
- $72,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $48,900
- Low (80%)
- $78,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $52,300
- Low (80%)
- $83,650
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $55,650
- Low (80%)
- $89,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,750 | $29,550 | $47,250 |
| 2 Persons | $20,250 | $33,750 | $54,000 |
| 3 Persons | $22,800 | $37,950 | $60,750 |
| 4 Persons | $26,500 | $42,150 | $67,450 |
| 5 Persons | $31,040 | $45,550 | $72,850 |
| 6 Persons | $35,580 | $48,900 | $78,250 |
| 7 Persons | $40,120 | $52,300 | $83,650 |
| 8 Persons | $44,660 | $55,650 | $89,050 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Smyrna, TN?+
The Fair Market Rent (FMR) for Rutherford County, TN is: $1404 (Studio), $1442 (1BR), $1619 (2BR), $2035 (3BR), $2482 (4BR). Actual rent at subsidized properties like Colony Square Apts is typically 30% of household income or less.
What size apartments are available at Colony Square Apts?+
Colony Square Apts offers the following unit types: 8 One-Bedroom, 56 Two-Bedroom, 16 Three-Bedroom units, for a total of 80 units.
How do I apply for housing at Colony Square Apts?+
Colony Square 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 Smyrna, TN?+
Based on Fair Market Rent for Rutherford County, the estimated price range is: 1-bedroom: $1442, 2-bedroom: $1619, 3-bedroom: $2035. Actual rent at Colony Square Apts may be lower for income-eligible households.
Who manages Colony Square Apts?+
Colony Square Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Rutherford County, TN?+
For a 4-person household in Rutherford County, TN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,150, Low Income (80% AMI): $67,450. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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