Site Map | Contact Us HOME ABOUT US HOUSING NEWS SERVICES LINKS CONTACT US Under the formula-based method of rent calculation, the rent amount is based on 30% of your yearly adjusted gross income. Rent amounts are determined after an application is processed. Elderly Deduction Disabled Deduction Child Deduction Full time student Child care deduction Utility Allowance You may elect to take a flat rent, which is NOT based on income, but on the market rates for apartments. The advantage to this type of rent is that you can save a lot of money in comparison to other rental properties. Also, a review of your income is conducted only every three years. Flat Rent Rates 1 BD. $320.00 2 BD. $370.00 3 BD. $460.00 4 BD. $500.00 5 BD. $580.00 Effective Jan.1, 2008 Return to Housing Page 201 Dyer Street Columbia, TN. 38401