Low Income Apartments and Affordable Housing For Rent in Beaver Dam, KY

Discover affordable housing in Beaver Dam where there are 7+ 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.

Beaver Dam Village

215 Rochester Rd, Beaver Dam, Kentucky 42320

Mya Manor Apartments

215 Rochester Road, Beaver Dam, Kentucky 42320

Blanchard Manor Apartments

50 Cooper Ave, Beaver Dam, Kentucky 42320

Independent Living II

316 E 8th St, Beaver Dam, Kentucky 42320

Countryside Apts

100 Cooper Ave, Beaver Dam, Kentucky

Suburban Manor Apts

323 E Fifth Street, Beaver Dam, Kentucky

Blackburn Heights

4001 Walden Ct, Beaver Dam, Kentucky 42320

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

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

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

How many renters live in Beaver Dam, Kentucky?

The City of Beaver Dam has 3,535 people living in 1,472 households.

There are 1,438 renters living in 629 renter households in this City. Renters make up 40.68 percent of the population living in Beaver Dam.

What is the rental market like in Beaver Dam, Kentucky?

There are an estimated 1,583 housing units in the Beaver Dam area. Of these, 684 units are rental homes, making up 43 percent of the housing market. For every renter household in Beaver Dam, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Beaver Dam?

The rental vacancy rate in Beaver Dam 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 Beaver Dam for each bedroom size?

Occupied Rental Units by Size in Beaver Dam
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 31 488 110 0
Occupied Rental Units by Size in Beaver Dam

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

Among renter households in this market, 11 percent have housing cost burden. Further, 8 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 Beaver Dam

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $616 to $1,208. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $616
One BR $656
Two BR $850
Three BR $1,028
Four BR $1,208
2024 Fair Market Rents in Beaver Dam, Kentucky

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

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 26 84 percent
Two BR 352 72 percent
Rental Units Below FMR in Beaver Dam, Kentucky

How many affordable rental units are in Beaver Dam?

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

Federal Program Unit Count
Low Income Housing Tax Credit 84
Public Housing 64
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Beaver Dam, Kentucky

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

Income Based Apartments in Beaver Dam, Kentucky

Beaver Dam features 96 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 Beaver Dam, Kentucky

There are 96 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Beaver Dam.

Housing Choice Vouchers in Beaver Dam, Kentucky

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.