3 bedroom low income apartments are those that have just enough income to be able to pay for a monthly rent, but not enough to be able to afford a big mortgage. The average rental is around $1,500 a month, but the average mortgage is around $10,000. The average rent for a 3 bedroom apartment in Manhattan is approximately $2,700 a month. On the flipside, the average mortgage is around $16,000. So it is not a new concept for people…
