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Affordable Housing in Tacoma

The Rialto Collection is an Affordable rental community. It is reserved for households earning less than 60% or 80% of the Area Median Income at move-in. Rent increases over time are limited and the property is operated with the goal of providing long-term, high-quality stable homes.

Income Limits

To join us at The Rialto Collection, you will be asked to verify that you are earning income below the limits posted below. These limits are based on the “Area Median Income” (AMI), a statistic published by the Federal government.

The income limit varies based on which apartment you rent and the number of people in your household. These limits are reset every year, usually in May. The rents are set so that they are never more than 30% of the income limit, ensuring their affordability.

Income limit 60% AMI 80% AMI
Income limit for 1 person $63,240/year $84,320/year
2 people $72,300 $96,400
3 people $81,360 $108,480
4 people $90,420 $120,560
5 people $97,689 $130,240
6 people $104,940 $139,920

The above are the income maximums — you will need to show that you earn less than this in your application. There are also income minimums, see below for more information.

Other Rental Criteria

Minimum Income 2x the monthly rent
Credit Score 600 credit score
Criminal Background Satisfactory criminal background check
Co-signers Co-signers are permitted and must meet the rental criteria as well as earn 4x the monthly rent
Rental History Positive rental history and landlord reference. No debt owed to landlords and no record of unlawful detainer actions, unless such record is protected by law.
Income Verification Completion of satisfactory income verification process

 

Fees and Other Policies

Parking Available starting at $195/month
Laundry Available on-site
Utilities Billed back to residents as used based on a ratio system (RUBS). Approximate charges are $80-100 for studios, $90-110 for 1BR, $100-120 for 2BR.
Tenant Benefit Package Tenant Benefit Package includes High Speed Internet, Rental Insurance Waiver, and Credit Score Building. Charged at $34 per month.
Pet Rent $45/month for dogs, $25/month for cats
Security Deposit $500

 

Where History Meets Your Everyday

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Office Hours

Monday - Friday: 9:00am - 6:00pm

Saturday: 10:00am - 5:00pm

Sunday: Closed

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(253) 201-1325

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309 S 9th St, Tacoma, WA 98402