Waters Park Apartments

3401 Parmer Lane West, Austin, TX 78727

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Connor Bailey

Rent	Beds	Baths	SqFt
$1,255 - 1,994 per Month^†	1 - 3 Beds	1 - 2 Baths	650 - 1,328 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.

Waters Park Apartments is a pet friendly, professional community conveniently located in North Austin. This community offers 1-, 2-, and 3-bedroom living spaces carefully designed to fit a variety of residential needs.

Residents with an active lifestyle love the 24-hour fitness center, walking trails, and disc golf! There is plenty of green space including two convenient dog parks, private patios, and balconies. This community also has beautiful scenery and plenty of recreational space for you and your four-legged friends to enjoy!

Dave's Thoughts On Waters Park 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 Waters Park 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 Layfield, Founder of Affordable Housing Online

Waters Park Apartments Amenities

Controlled Access
Fitness Center
Microwave
Patio Deck Or Balcony
Swimming pool
Picnic Area
Full-Size Washer & Dryer Connections

Units at Waters Park Apartments

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	650ft²	$1,255^†
1 Bedroom (1/1)	718ft²	$1,332^†
1 Bedroom (1/1)	838ft²	$1,438^†
1 Bedroom (1/1)	898ft²	$1,630^†
2 Bedroom (2/2)	1041ft²	$1,781^†
2 Bedroom (2/2)	1234ft²	$1,893^†
2 Bedroom (2/1)	912ft²	$1,583^†
3 Bedroom (3/2)	1328ft²	$1,994^†

Income Qualification for Waters Park 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
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

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

FAQs for Waters Park Apartments

Does Waters Park Apartments have a waiting list?

Waters Park 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 Waters Park 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 Waters Park Apartments?

Waters Park Apartments is managed by Apartment Management Professionals (AMP) headquartered in Austin, TX.

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

In addition to Waters Park Apartments, we list 215 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 Waters Park Apartments listing last updated?

Waters Park Apartments listing on Affordable Housing Online was last updated on 12/13/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.