La Madrid Apartments

11320 Manchaca Rd, Austin, TX 78748

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Connor Bailey, Colleen Carter
Rent Beds Baths SqFt
$561 - 2,000 per Month 1 - 3 Beds 1 - 2 Baths 762 - 1,159 Sq Ft
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Project-Based Rental Assistance
check_circle  Family and Senior
check_circle  Affordable

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.

La Madrid Apartments are a stylish new apartment community built with your comfort in mind. All of the apartments have spacious open floor plans, granite countertops, attractive and durable wood vinyl flooring, washer and dryer connections, and Energy Star appliances. 

La Madrid is close to Menchaca Elementary School, Bailey Middle School, and James Bowie High School. After school and on weekends take the kids to the Austin Roller Rink or Altitude Trampoline Park. Or you can see a movie at Cinemark. There are lots of great restaurants close to La Madrid also including Valentina’s Tex Mex BBQ, Fuddruckers, and Texas Roadhouse.

Dave's Thoughts On La Madrid 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 La Madrid 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. 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

La Madrid Apartments Amenities

  • Fitness Center
  • On-Site Manager
  • Near Schools
  • Near Movie Theatre
  • Energy Star Appliances
  • Near Shopping
  • Washer and Dryer Included
  • Near Restaurants
  • Swimming pool
  • Resident Lounge
  • Play Area

Units at La Madrid Apartments

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 762ft2 $561 $1,450
Two Bedroom (2/2) 958ft2 $675 $1,700
Three Bedroom (3/2) 1159ft2 $780 $2,000

Income Qualification for La Madrid 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 5 people 6 people
30% AMI for PBRA Units $24,550 / year $28,050 / year $31,550 / year $35,050 / year $37,900 / year $40,700 / year
50% AMI for LIHTC Units $40,900 / year $46,750 / year $52,600 / year $58,400 / year $63,100 / year $67,750 / year
50% AMI for PBRA Units $40,900 / year $46,750 / year $52,600 / year $58,400 / year $63,100 / year $67,750 / year
60% AMI for LIHTC Units $49,080 / year $56,100 / year $63,120 / year $70,080 / year $75,720 / year $81,300 / year
80% AMI for PBRA Units $65,450 / year $74,800 / year $84,150 / year $93,450 / year $100,950 / year $108,450 / year

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

FAQs for La Madrid Apartments

Does La Madrid Apartments have a waiting list?

La Madrid 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 La Madrid 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 La Madrid Apartments?

La Madrid Apartments is managed by Accolade Property Management headquartered in Irving, Texas.

In addition to La Madrid Apartments, how many other affordable housing properties (and units) are there in Austin?

In addition to La Madrid Apartments, we list 533 other affordable properties in Austin. Learn about these properties here. Our data research shows that there are a total of 30022 affordable units in Austin.

When was the La Madrid Apartments listing last updated?

La Madrid Apartments listing on Affordable Housing Online was last updated on 11/20/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.

Listings Near La Madrid Apartments

William Cannon Apartments

2112 East William Cannon Drive, Austin, Texas 78744

bed 1-3
payment $1253-1737/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Urban Oaks

6725 Circle South Road, Austin, Texas 78745

bed 1-3
payment $1188-1637/mo.
switch_access_shortcut Short Wait
accessibility Accessible

The Pointe at Ben White

6934 East Ben White Boulevard, Austin, Texas 78741

bed 1-3
payment $1214-1684/mo.
switch_access_shortcut Short Wait

Heights on Parmer Apartment Homes

1500 East Parmer Lane, Austin, Texas 78753

bed 1-3
payment $1199-1661/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Harris Branch Apartments

12435 Dessau Rd, Austin, Texas 78754

bed 1-3
payment $892-1230/mo.
switch_access_shortcut Short Wait
accessibility Accessible

SOCO 121

121 Woodward Street, Austin, Texas 78704

bed 1-2
payment $844-1006/mo.
switch_access_shortcut Short Wait
accessibility Accessible
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