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

Discover affordable housing in Louisville where there are 263+ 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.

California Square I

1600 Garland Ave , Louisville, Kentucky 40210

Fairington of Louisville

5900 Fairington Drive, Louisville, Kentucky 40218

Blairwood Apartments

9202 Linn Station Rd, Louisville, Kentucky 40222

The Friary Apartments

501 East Liberty Street, Louisville, Kentucky 40202

Rivertown Apartments

1204 S 1st St, Louisville, Kentucky 40203

Community Towers

2526 W. Madison St., Louisville, Kentucky 40211

Phoenix Hill Apartments

928 Marshall St., Louisville, Kentucky 40204

Mount Vernon Apartments

6733 Carribean Lane, Louisville, Kentucky 40219

Oconnor Square Apartments

5101 Russett Blvd, Louisville, Kentucky 40218

The Pointe at Stoneybrook

2405 Arbor Pointe Dr, Louisville, Kentucky 40220

Flaget Apartments

4410 River Park Drive, Louisville, Kentucky 40211

Douglas Park Apartments

401 Douglas Park, Louisville, Kentucky 40214

Shalom Towers

3650 Dutchmans Ln, Louisville, Kentucky 40205

St William Apartments

1127 S 17th St, Louisville, Kentucky 40210

Jackson Woods Apartments

1014 S Jackson St, Louisville, Kentucky 40203

Downtown Scholar House

920 S. First St, Louisville, Kentucky 40203

Woodbourne House

2024 Woodford Pl, Louisville, Kentucky 40205

Middletown Apartments

13730 Poplar Leaf Way, Louisville, Kentucky 40223

Farmdale Adult Citizens Towers

6440 Outer Loop, Louisville, Kentucky 40228

SOCAYR Single Family Homes/CRPS

2203 Wilson Ave, Louisville, Kentucky 40210

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Louisville, Kentucky
$24.64/hour
$17.39 (+240%) more than Kentucky minimum wage and $17.39 (+240%) more than the Federal minimum wage.
Learn More About Louisville, Kentucky Affordable Housing ↓

What HUD offices serve Louisville, 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 Section 8 Housing Choice Voucher (HCV), Public Housing, Homeownership Voucher, Family Self-Sufficiency, Moving to Work, Veteran Affairs Supportive Housing (VASH) programs for Louisville, Kentucky.

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

How many renters live in Louisville, Kentucky?

The City of Louisville has 624,450 people living in 269,210 households.

There are 208,943 renters living in 103,131 renter households in this City. Renters make up 33.46 percent of the population living in Louisville.

What is the rental market like in Louisville, Kentucky?

There are an estimated 288,933 housing units in the Louisville area. Of these, 108,509 units are rental homes, making up 38 percent of the housing market. For every renter household in Louisville, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Louisville?

The rental vacancy rate in Louisville is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

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

Occupied Rental Units by Size in Louisville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
4,492 30,885 42,869 20,001 3,611
Occupied Rental Units by Size in Louisville

A large number of apartments in Louisville 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 Louisville are overburdened by housing costs?

Among renter households in this market, 46 percent have housing cost burden. Further, 25 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 Louisville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $976 to $1,955. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $976
One BR $1,077
Two BR $1,301
Three BR $1,701
Four BR $1,955
2024 Fair Market Rents in Louisville, Kentucky

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

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
Studio 3,116 69 percent
One BR 22,294 72 percent
Two BR 28,748 67 percent
Rental Units Below FMR in Louisville, Kentucky

How many affordable rental units are in Louisville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 7,438
Public Housing 232
Section 8 Project-Based Rental Assistance 737
Mod Rehab Project-Based Rental Assistance 71
Section 202 Supportive Housing for the Elderly 231
Section 811 Supportive Housing for Persons with Disabilities 74
Tracked Units by Federal Program in Louisville, Kentucky

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

Income Based Apartments in Louisville, Kentucky

Louisville features 9,728 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 Louisville, Kentucky

There are 5,759 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Louisville.

Housing Choice Vouchers in Louisville, Kentucky

On average, Section 8 Housing Choice vouchers pay Louisville landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Louisville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Louisville, Kentucky for a two-bedroom apartment is between $1,171 and $1,431.

Sourced from federal housing data and AffordableHousingOnline.com research.