The Terraces at Lake Mary Apartments

The Terraces at Lake Mary Apartments Apartment Details

Total Apartments: 284
Total Low Income Apartments: 283
One Bedroom (1 bdrm) Apartments: 36
Two Bedroom (2 bdrm) Apartments: 152
Three Bedroom (3 bdrm) Apartments: 72

The Terraces at Lake Mary Apartments offers affordable housing through Section 42, a program that gives tax credits to landlords who rent to low-income tenants. The rents depend on the average income and utility costs in the area. At least one-fifth of these apartments must have these reduced rates for eligible tenants.
This program helps people with moderate incomes find affordable housing. The rents are lower than the market rates, but you have to pay the full rent yourself. The program is not based on your income, but on the income limit for your area. You can only join the program if your household income is below that limit.

1 bedroom apartments at location
2 bedroom apartments at location
3 bedroom apartments at location

Important information
Waiting Lists
Most low income apartments have waiting lists. Some of these lists can take years until you can be called for openings. The key is to try to get on as many waiting lists as possible.

Call The Apartments Directly
We provide phone numbers and websites. Call the apartments directly if they have openings or open waiting lists.

Apartment Rates
We provide current apartment rates on many listing pages. Most HUD listings do not have published rates. They are based on 30% of the renters adjustable gross income. You will need to contact the apartments to determine if you qualify for income based rent.

Apartment Rental and informational statistics for zip code

Median apartment rental rate in this zip code	$1,449
Population in zip code	45,244
Median age of those living in this zip code	41.2
Average household income of those living in this zip code	$87,581
Average home value in this zip code	$305,747