Walnut Ridge Apartments

3347 North Emerson Avenue, Indianapolis, IN 46218

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Colleen Carter
Rent Beds Baths SqFt
$270 - 820 per Month 1 - 2 Beds 1 Bath 567 - 1,015 Sq Ft

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

At Walnut Ridge Apartments, our goal is first class service for adults 55 and older. Our professional on-site management team is dedicated to meeting your every need. We offer two recreation rooms, computer classes, controlled access entry, and a place for lounging with family or friends. All of this is just steps away from your one or two bedroom garden style apartment home. Each unique home is designed to go above and beyond your expectations. Fully equipped kitchens, spacious closets, and open floor plans, are a few examples. With our maintenance-free approach, we make living here easy and hassle free. Walnut Ridge Apartments is ideally located, with easy access to all of life's indulgences outside our community. Monthly planned parties and community activities are waiting for you. Our building is smoke-free and environmentally friendly.

Dave's Thoughts On Walnut Ridge Apartments

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Walnut Ridge Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Walnut Ridge Apartments Amenities

  • Controlled Access
  • Community Room
  • Business Center
  • Central Air
  • Spacious Closets
  • Energy Efficient Design
  • Outings events & activities
  • Fully Equipped Kitchen
  • Smoke Free
  • High Speed Internet Access
  • Energy Efficient Appliances

Units at Walnut Ridge Apartments

Unit (Bd/Ba) Ft2 Rent
The Belmont (1/1) 567ft2 $278 $672
The Dawson (1/1) 677ft2 $270 $561
The Hanover (2/1) 1015ft2 $312 $820
The Dover (2/1) 876ft2 $312 $820

Income Qualification for Walnut Ridge Apartments

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people
50% AMI for LIHTC Units $33,850 / year $38,700 / year $43,550 / year $48,350 / year
50% AMI for PBRA Units $33,850 / year $38,700 / year $43,550 / year $48,350 / year
60% AMI for LIHTC Units $40,620 / year $46,440 / year $52,260 / year $58,020 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Walnut Ridge Apartments

Does Walnut Ridge Apartments have a waiting list?

Walnut Ridge Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Walnut Ridge Apartments?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges Walnut Ridge Apartments?

Walnut Ridge Apartments is managed by Miller Valentine Group

In addition to Walnut Ridge Apartments, how many other affordable housing properties (and units) are there in Indianapolis?

In addition to Walnut Ridge Apartments, we list 612 other affordable properties in Indianapolis. Learn about these properties here. Our data research shows that there are a total of 22718 affordable units in Indianapolis.

Listings Near Walnut Ridge Apartments

Nora Commons on the Monon

8905 Evergreen Ave, Indianapolis, Indiana 46240

bed 1-2
payment $776-1082/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Brookhaven at County Line Road

940 Wild Indigo Ln, Indianapolis, Indiana 46227

bed 1-2
payment $634-865/mo.
switch_access_shortcut Short Wait

Preston Pointe Apartments

5910 E. 12th St, Indianapolis, Indiana 46219

bed 1-2
payment $366-841/mo.
switch_access_shortcut Short Wait

Thirty Four North Apartments

3402 N Meridian St, Indianapolis, Indiana 46208

bed Studio-4
payment $300-1110/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Woodlake Apartments

7401 Merganser Drive, Indianapolis, Indiana 46260

bed 1-3
payment Subsidized

Cambridge Square North

7110 Township Line Rd, Indianapolis, Indiana 46260

bed 1-3
payment Subsidized
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

Email Signup
Don't Miss A Waiting List Opening