Fifth Avenue Apartments - Studio | 800 S. 5th Avenue Maywood IL | 7125100507

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Fifth Avenue Apartments - Studio

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BR/BA:

Studio, 1 BA

Location:

800 S. 5th Avenue, Maywood, IL

Description:

Two Key Qualifications regarding Fifth Avenue Apartments To qualify for this brand-new development, all households must fit somewhere between these gross annual household income standards based on household size:Household SizeMinimum Gross IncomeMaximum Gross Income1 person$13,000/year$38,220/year2 persons$15,000/year$43,680/year3 persons$17,000/year$49,140/year4 persons$19,000/year$54,600/year5 persons$21,000/year$58,980/year6 persons$23,000/year$63,360/yearThere is no flexibility on these standards. The maximum amounts are set by the Federal government while the minimum amounts are set by property management to ensure residents do not pay too large of a percentage of their income toward rent. If your household either falls below the minimum standard or above the maximum standard, there is no reason to apply to Fifth Avenue Apartments. Although all 72 units are deemed affordable housing, the term affordable does not mean that residents pay rent on a sliding scale. Affordable means reasonable rents (set by the Federal government) for persons who are low-income. Unless residents have a rental subsidy in hand from an outside funding source, each income-qualifying household (the income ranges discussed above) must pay the full rental amounts listed below:Apartment SizeRental Amounts (vary by unit location and square footage)Studios$442 or $664One-Bedrooms$706 or $854Two-Bedrooms$865 or $969Three-Bedrooms$1,045 or $1,188

Property Type:

Apartments for Rent

Sq feet:

357 sq. ft.

Pets Allowed:

None

Posted:

on RENTCafé