Olympia Terrace
67 Olympia Avenue, Auburn, NY 13021
Olympia Terrace is a 50-unit complex and contains two and three-bedroom units, with three handicapped accessible apartments. All units contain laundry hookups. Rent and utilities are income-based, but residents are responsible for contacting NYSEG and Olympia Terrace is a newly-renovated 50-unit apartment complex with two and three-bedroom townhouse apartments, including three handicapped-accessible units and one audio/visual-equipped unit. Renovations were completed in 2026.
The complex is located just off State Street, adjacent to the Brogan Manor complex, and conveniently located on a City bus route. Children who live at Olympia Terrace attend Casey Park Elementary School, which is within walking distance, Auburn Junior High School, and
Auburn High School. All units include central air conditioning, one full bathroom, one half bathroom, and individual laundry hookups. The complex is also equipped with security cameras and two Electric Vehicle (EV) charging stations.
Project-Based Rental Assistance (PBRA) is attached to all units at Olympia Terrace. PBRA provides rental subsidies that are tied to apartment units at Olympia Terrace, rather than to individual tenants. Eligible families pay 30% of their adjusted income for rent and utilities. Residents are responsible for contacting NYSEG and placing utility service in their own names.
Income Limits
Income limits are adjusted annually based on median income in Cayuga County.
Contracts Rents
Contract Rents are set below Cayuga County Fair Market Rents (FMR). Eligible tenants pay a portion of the contract rent - equal to 30% of their adjusted monthly income.