Colonial Apartments

1220 Madison Ave, Memphis, TN 38104

Waiting List Forecast: Likely None

check_circleVerified for 2024 by David Layfield

Rent	Beds	Baths	SqFt
$800 - 900 per Month^†	1 - 2 Beds	1 Bath	843 - 1,143 Sq Ft

Call (901) 295-2969

Waitlist Forecast

Since this property is probably not participating in an official affordable housing program, it does not have a waiting list.

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.

While this property does not participate in an official government affordability program, our research indicates that there are some rents at this property well below market rate rents for comparable listings.

Dave's Thoughts On Colonial Apartments

Naturally Occurring Affordable Housing (NOAH) means that Colonial Apartments, while not participating in an official government affordability program (such as LIHTC, Public Housing, or Project-Based Vouchers), still has rents comparable to properties that are participating in affordable housing programs. We've made this determination because our research indicates that one or more units at this property have rent significanlty less than average market-rate rents for similar sized units in the area.

~ Dave Layfield, Founder of Affordable Housing Online

Units at Colonial Apartments

Unit (Bd/Ba)	Ft²	Rent
27 (1/1)	843ft²	$800^†
26 (2/1)	1143ft²	$900^†

FAQs for Colonial Apartments

Does Colonial Apartments have a waiting list?

Colonial Apartments probably doesn't have a waiting list. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Colonial 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.

In addition to Colonial Apartments, how many other affordable housing properties (and units) are there in Memphis?

In addition to Colonial Apartments, we list 384 other affordable properties in Memphis. Learn about these properties here. Our data research shows that there are a total of 21450 affordable units in Memphis.

When was the Colonial Apartments listing last updated?

Colonial Apartments listing on Affordable Housing Online was last updated on 09/06/2024 by Ric Gresia. Remember, a property's status can change so you should contact the property to confirm.