The Hotel Olympus has federal low income tax credits so they have that income cap. The building has been known for problems in the past, nothing major just some nusiance issues. I believe The Korean Womens Assoc. just bought the building and I hear they do a pretty good job managing their properties.
Most of the rental properties around that block are low income (Winthrop, Olympus, Colonial). Though the neighborhood is not too bad. There are lots of good restaurants like Matador, Paddy Coynes, Capers, India Mahal, and Merende. Start your search for an apartment at the Bostwick Apt. (yellow triangle building with Tullys at 9th and St. Helens, I know many people who live/have lived there) and go north from there (St. Helens Neighborhood and Stadium District). There are many apartments and condos for rent. You can find many affordable apartments in the downtown area. Studios are going to start at about $500 a month up to about $800. 1 Bedrooms start at about $600-$700 for an older building and go up to $800- $1000+ in newer buildings. Small 2 beds are going to start around $900 up to $2500 for larger condos/apartments.
Check out craigslist.org . Look for condos/townhomes for rent too because you can get pretty good deals and usually parking comes with it at no charge.
Downtown is a pretty fun place to live. Lots to do/eat/drink. Pretty low crime. Lots of young people.
Last edited by Jake840; 03-10-2009 at 01:56 PM..