Low Income Apartments and Affordable Housing For Rent in Irvine, KY

Discover affordable housing in Irvine where there are 8+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Renaissance

114 Collins Ave , Irvine, Kentucky 40336

Irvine School Apartments

229 Broadway St, Irvine, Kentucky 40336

Au Associates : Irvine School Apartments Rental

223 Broadway St, Irvine, Kentucky 40336

Irvine West Apartments

125 Ridge Rd, Irvine, Kentucky 40336

Stacy Lane Apartments

2600 Stacy Lane Rd, Irvine, Kentucky 40336

Mountain Crest

234 Wallace Cir, Irvine, Kentucky 40336

North Irvine Apartments II

1100 Winchester Rd, Irvine, Kentucky 40336

Northwood Apartments II

1050 Winchester Rd, Irvine, Kentucky 40336

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Irvine, Kentucky
$16.10/hour
$8.85 (+122%) more than Kentucky minimum wage and $8.85 (+122%) more than the Federal minimum wage.
Learn More About Irvine, Kentucky Affordable Housing ↓

What HUD offices serve Irvine, Kentucky?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Public Housing programs for Irvine, Kentucky.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Irvine, Kentucky.

Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Irvine.

How many renters live in Irvine, Kentucky?

The City of Irvine has 2,785 people living in 1,186 households.

There are 1,227 renters living in 652 renter households in this City. Renters make up 44.06 percent of the population living in Irvine.

What is the rental market like in Irvine, Kentucky?

There are an estimated 1,545 housing units in the Irvine area. Of these, 750 units are rental homes, making up 49 percent of the housing market. For every renter household in Irvine, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Irvine?

The rental vacancy rate in Irvine is 10 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Irvine for each bedroom size?

Occupied Rental Units by Size in Irvine
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 241 236 145 30
Occupied Rental Units by Size in Irvine

A large number of apartments in Irvine have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Irvine are overburdened by housing costs?

Among renter households in this market, 48 percent have housing cost burden. Further, 15 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Irvine

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $616 to $1,159. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $616
One BR $647
Two BR $850
Three BR $1,030
Four BR $1,159
2024 Fair Market Rents in Irvine, Kentucky

How many units are rented at Fair Market Rent (FMR) in Irvine?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
One BR 206 85 percent
Two BR 201 85 percent
Rental Units Below FMR in Irvine, Kentucky

How many affordable rental units are in Irvine?

There are a variety of federal affordable housing programs serving households in Irvine, Kentucky including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 114
Public Housing 113
Tracked Units by Federal Program in Irvine, Kentucky

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Irvine, Kentucky

Irvine features 240 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Irvine, Kentucky

There are 64 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Irvine.

Housing Choice Vouchers in Irvine, Kentucky

On average, Section 8 Housing Choice vouchers pay Irvine landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Irvine.

The maximum amount a voucher would pay on behalf of a low-income tenant in Irvine, Kentucky for a two-bedroom apartment is between $765 and $935.

Sourced from federal housing data and AffordableHousingOnline.com research.