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

Discover affordable housing in Alexandria where there are 1+ 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.

Alexandria Manor

6 Breckenridge Lane, Alexandria, Kentucky

calendar_today Opened: Feb 14
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 Alexandria, Kentucky
$22.63/hour
$15.38 (+212%) more than Kentucky minimum wage and $15.38 (+212%) more than the Federal minimum wage.
Learn More About Alexandria, Kentucky Affordable Housing ↓

What HUD offices serve Alexandria, 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) programs for Alexandria, Kentucky.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Alexandria, Kentucky.

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

How many renters live in Alexandria, Kentucky?

The City of Alexandria has 10,322 people living in 3,797 households.

There are 646 renters living in 398 renter households in this City. Renters make up 6.26 percent of the population living in Alexandria.

What is the rental market like in Alexandria, Kentucky?

There are an estimated 3,891 housing units in the Alexandria area. Of these, 468 units are rental homes, making up 12 percent of the housing market. For every renter household in Alexandria, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Alexandria?

The rental vacancy rate in Alexandria is 8 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 Alexandria for each bedroom size?

Occupied Rental Units by Size in Alexandria
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 142 206 32 8
Occupied Rental Units by Size in Alexandria

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

Among renter households in this market, 49 percent have housing cost burden. Further, 24 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 Alexandria

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $810 to $1,766. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $810
One BR $919
Two BR $1,195
Three BR $1,588
Four BR $1,766
2024 Fair Market Rents in Alexandria, Kentucky

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

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 83 58 percent
Two BR 95 46 percent
Rental Units Below FMR in Alexandria, Kentucky

How many affordable rental units are in Alexandria?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 1
USDA Section 515 Rural Rental Housing 46
Tracked Units by Federal Program in Alexandria, Kentucky

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

Income Based Apartments in Alexandria, Kentucky

Alexandria features 46 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 Alexandria, Kentucky

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Alexandria.

Housing Choice Vouchers in Alexandria, Kentucky

On average, Section 8 Housing Choice vouchers pay Alexandria landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Alexandria.

The maximum amount a voucher would pay on behalf of a low-income tenant in Alexandria, Kentucky for a two-bedroom apartment is between $1,076 and $1,315.

Sourced from federal housing data and AffordableHousingOnline.com research.