Floor Plans
The Paramount Apartments features 66 units total - 42 large studio and 24 one-bedroom apartments that blend historic charm with modern comfort. Original details like French doors, clawfoot tubs, and high ceilings create a unique living experience in every home. Preserving affordability in Lower Albina, these rental homes will be available to individuals and households earning 50%-60% of the Area Median Income (AMI) or below at the rents below. To qualify as a new tenant, annual household incomes must not exceed Income Limits as shown below. Eligibility is based on income by household size and maximum rents are set by HUD annually according to each units designated AMI level.
Annual Household Income Limits* by Area Median Income (AMI) Unit
|
HOUSEHOLD SIZE |
1 |
2 |
3 |
4 |
5 |
|
50% AMI |
$43,450 |
$49,650 |
$55,850 |
$62,050 |
$67,050 |
|
60% AMI |
$52,140 |
$59,580 |
$67,020 |
$74,460 |
$80,460 |
Anticipated rents are in the table below. All utilities including electricity are included in the monthly rent with no additional utility charges for water, sewer, electricity, gas or trash/recycling.
Anticipated Monthly Rent (By Unit's Maximum Income Level)*
|
UNIT TYPE |
50% AMI |
60% AMI |
|
Studio |
$951 (42 units) |
NA |
|
One-Bedroom |
$1,032 (12 units) |
$1,209 (12 units) |
*Rents and Incomes Limits are based on the 2025 HUD limits, updated by HUD annually.
[Note, we do not currently have floor plans]