About This Property
River Run Apts offers 35 low-income units in Laramie, Wyoming, with a unit mix of eight 2-bedroom, twenty-three 3-bedroom, and four 4-bedroom apartments designed to serve families. The property has been in service since 2004 and utilizes 9% LIHTC credit funding combined with HOME program resources. River Run Apts provides affordable rental housing options for income-qualified households in Albany County.
Property Details
Fair Market Rent - Albany County, WY
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $767 |
| 1 Bedroom | $841 |
| 2 Bedroom | $1,017 |
| 3 Bedroom | $1,433 |
| 4 Bedroom | $1,726 |
Income Limits - Albany County, WY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,050
- Very Low (50%)
- $28,350
- Low (80%)
- $45,400
- Extremely Low (30%)
- $19,450
- Very Low (50%)
- $32,400
- Low (80%)
- $51,850
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $36,450
- Low (80%)
- $58,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $40,500
- Low (80%)
- $64,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $43,750
- Low (80%)
- $70,000
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $47,000
- Low (80%)
- $75,200
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $50,250
- Low (80%)
- $80,400
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $53,500
- Low (80%)
- $85,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,050 | $28,350 | $45,400 |
| 2 Persons | $19,450 | $32,400 | $51,850 |
| 3 Persons | $21,960 | $36,450 | $58,350 |
| 4 Persons | $26,500 | $40,500 | $64,800 |
| 5 Persons | $31,040 | $43,750 | $70,000 |
| 6 Persons | $35,580 | $47,000 | $75,200 |
| 7 Persons | $40,120 | $50,250 | $80,400 |
| 8 Persons | $44,660 | $53,500 | $85,550 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Laramie, WY?+
The Fair Market Rent (FMR) for Albany County, WY is: $767 (Studio), $841 (1BR), $1017 (2BR), $1433 (3BR), $1726 (4BR). Actual rent at subsidized properties like River Run Apts is typically 30% of household income or less.
What size apartments are available at River Run Apts?+
River Run Apts offers the following unit types: 8 Two-Bedroom, 23 Three-Bedroom, 4 Four-Bedroom units, for a total of 35 units.
How do I apply for housing at River Run Apts?+
River Run 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 Laramie, WY?+
Based on Fair Market Rent for Albany County, the estimated price range is: 2-bedroom: $1017, 3-bedroom: $1433. Actual rent at River Run Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Albany County, WY?+
For a 4-person household in Albany County, WY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $40,500, Low Income (80% AMI): $64,800. These limits are set by HUD and updated annually.
Who is eligible to live at River Run Apts?+
River Run Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages River Run Apts?+
River Run Apts is managed by . You can reach them at . Visit their website for more information.
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
