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

Discover affordable housing in Augusta where there are 2+ 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.

Bracken Creek Apartments

RR 1, Augusta, Kentucky 41002

Mary Ingles Manor

420 East 5th Stret, Augusta, Kentucky

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Augusta, 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 Augusta, Kentucky Affordable Housing ↓

What HUD offices serve Augusta, 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 Augusta, Kentucky.

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

How many renters live in Augusta, Kentucky?

The City of Augusta has 1,599 people living in 602 households.

There are 553 renters living in 236 renter households in this City. Renters make up 34.58 percent of the population living in Augusta.

What is the rental market like in Augusta, Kentucky?

There are an estimated 749 housing units in the Augusta area. Of these, 286 units are rental homes, making up 38 percent of the housing market. For every renter household in Augusta, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Augusta?

The rental vacancy rate in Augusta is 0 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 Augusta for each bedroom size?

Occupied Rental Units by Size in Augusta
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
8 69 88 41 26
Occupied Rental Units by Size in Augusta

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

Among renter households in this market, 35 percent have housing cost burden. Further, 18 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 Augusta

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 Augusta, Kentucky

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

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 8 100 percent
One BR 67 97 percent
Two BR 88 100 percent
Rental Units Below FMR in Augusta, Kentucky

How many affordable rental units are in Augusta?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 40
USDA Section 515 Rural Rental Housing 64
Tracked Units by Federal Program in Augusta, Kentucky

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

Income Based Apartments in Augusta, Kentucky

Augusta features 64 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 Augusta, Kentucky

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

Housing Choice Vouchers in Augusta, Kentucky

On average, Section 8 Housing Choice vouchers pay Augusta landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Augusta.

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

Sourced from federal housing data and AffordableHousingOnline.com research.