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Property Logo at Magnolia Pointe, North Carolina
Property Logo at Magnolia Pointe, North Carolina

1, 2 & 3 Bedroom Apartments In North Durham

Phone Number +1 833-712-7767

Magnolia Pointe participates in an affordable housing program. Rent at a Low Income Housing Tax Credit Program property has a rent advantage to the resident compared to other neighboring communities. Rental rates are a specific percentage below the area median income (AMI). To accommodate different household income levels, we offer 60% AMI homes and 80% AMI homes, which have different income requirements and are detailed below. This variety allows for more households to be eligible to call Magnolia Pointe home!

Before applying for an available floor plan, review the income limits to determine if you are eligible for a 60% AMI or 80% AMI home.

60% AMI HOMES

*Rental rates that are 60% of the Average Median Income. More information on Tax Credit/Affordable housing here.

Occupants

1 Occupant

2 Occupants

3 Occupants

4 Occupants

5 Occupants

6 Occupants

Max. Income

$62,640

$71,580

$80,520

$89,460

$96,660

$103,800

80% AMI HOMES

*Rental rates that are 80% of the Average Median Income. More information on Tax Credit/Affordable housing here.

Occupants

1 Occupant

2 Occupants

3 Occupants

4 Occupants

5 Occupants

6 Occupants

Max. Income

$71,200

$81,400

$91,550

$101,700

$109,850

$118,000

The household income is based on GROSS annual income (before any deductions) earned from all sources including; wages, social security payments, public assistance, pensions, annuities, interest income, dividends, stocks, bonds, insurance settlements, recurring gifts from family/friends, lottery winnings, etc. The property has a minimum household income requirement of 2.5 times the monthly rent amount to qualify. Third-party verification will be required of all income and copies of tax returns and pay stubs may be required.

1, 2 & 3 Bedroom Apartments In North Durham

Lease Cost Calculator. This Calculator is designed to help estimate the Move-In Cost (including General and Special Fees) and the Monthly Cost going forward of a lease. Please remember that the Move-In Cost and Monthly Cost will vary depending on the qualifications of the applicant, the price and amenities of the unit being rented, and the cost of any Special Fees that may apply to a specific unit. Additionally, the rent and the Standard and Special Fees and Fee ranges are accurate as currently displayed but may increase or decrease until a lease is signed.
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Pick One of Our Affordable Durham Apartments

Experience affordable living reimagined. Magnolia Pointe Apartments combines modern apartment homes with numerous community options. Our income-restricted apartments for rent in Durham, NC are perfectly suited to accommodate you. We welcome pets, so your four-legged companion is invited to join you!

When it's time to choose your floor plan, the process couldn't be simpler. Whether you prefer a 1, 2 or 3 bedroom apartment home, you can count on enjoying comfortable living spaces, along with the added benefits of private balconies or patios, soaring 9-foot ceilings and washer and dryer connections. Additionally, every resident enjoys full access to our swimming pool and sundeck, private garage availability and 24-hour fitness center.

When it's time to explore beyond our community, our apartments near downtown Raleigh position you perfectly in the middle of all the action. Premium entertainment and retail destinations are readily accessible whether you drive or take public transit, with North Duke shopping area, Museum of Life and Science and Nasher Museum of Art at Duke University only moments away. What's more, you can soak in natural beauty or breathe in fresh air at neighboring West Point on the Eno Park, Penny's Bend or River Forest Park!

Our income-restricted apartments deliver excitement around every corner. Contact us today to learn more about Magnolia Pointe Apartments!