Enjoy nature steps from your front door! Lakestone Apartments is situated in a lush, rustic community just west of downtown Ann Arbor, Michigan. Our location is perfect for outdoor lovers, with farms and two nature preserves nearby, plus you’ll still be close to casual dining and shopping centers. Enjoy the afternoon in our shimmering pool and relax on the sundeck or invite friends for a cookout at our outdoor grills and picnic areas. Our other community amenities include a basketball court, playground, business center, and laundry facilities.
Furry residents love our community, too! Our woodsy setting and fitness trail is perfect for long walks. Lakestone offers one, two, and three-bedroom apartment homes with patios or private balconies. Each unit features spacious interiors, a fully-equipped kitchen, and a generous closet and storage space.
|One Bedroom (1/1)||795||Call for Price|
|Two Bedroom (2/1)||916||From $1,044 To $1,291|
|Three Bedroom (3/2)||1241||Call for Price|
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Ann Arbor but actual income limits may differ for units at Lakestone Apartments.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$41,250||$47,150||$53,050||$58,900||$63,650||$68,350||$73,050||$77,750|
|Low Income (60%)||$49,500||$56,580||$63,660||$70,680||$76,380||$82,020||$87,660||$93,300|
Lakestone Apartments is managed by McCormack Baron Management.