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

Discover affordable housing in Benton 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.

Lakeland Arbor Village Apartments

1125 Village Rd, Benton, Kentucky 42025

Lakeland Wesley Village II

1127 Village Rd, Benton, Kentucky 42025

Morgan Trevathan Apartments

1003 Elm St, Benton, Kentucky 42025

Willis Green Group Home

702 Cherry St, Benton, Kentucky 42025

Baker Apartments

742 Birch St, Benton, Kentucky 42025

Walnut Court

101 Walnut Ct, Benton, Kentucky 42025

Allendale Apts

1721 Golf Course Rd, Benton, Kentucky

Walnut Court

100 Walnut Ct, Benton, Kentucky 42029

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Benton, Kentucky
$17.75/hour
$10.50 (+145%) more than Kentucky minimum wage and $10.50 (+145%) more than the Federal minimum wage.
Learn More About Benton, Kentucky Affordable Housing ↓

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

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

How many renters live in Benton, Kentucky?

The City of Benton has 4,753 people living in 2,105 households.

There are 825 renters living in 490 renter households in this City. Renters make up 17.36 percent of the population living in Benton.

What is the rental market like in Benton, Kentucky?

There are an estimated 2,343 housing units in the Benton area. Of these, 520 units are rental homes, making up 22 percent of the housing market. For every renter household in Benton, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Benton?

The rental vacancy rate in Benton is 6 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 Benton for each bedroom size?

Occupied Rental Units by Size in Benton
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
101 144 190 33 22
Occupied Rental Units by Size in Benton

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

Among renter households in this market, 69 percent have housing cost burden. Further, 48 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 Benton

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $679 to $1,565. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $679
One BR $780
Two BR $937
Three BR $1,133
Four BR $1,565
2024 Fair Market Rents in Benton, Kentucky

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

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 40 40 percent
One BR 63 44 percent
Two BR 157 83 percent
Rental Units Below FMR in Benton, Kentucky

How many affordable rental units are in Benton?

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

Federal Program Unit Count
Public Housing 50
Section 8 Project-Based Rental Assistance 24
Mod Rehab Project-Based Rental Assistance 5
Section 202 Supportive Housing for the Elderly 27
Section 811 Supportive Housing for Persons with Disabilities 10
USDA Section 515 Rural Rental Housing 8
Tracked Units by Federal Program in Benton, Kentucky

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

Income Based Apartments in Benton, Kentucky

Benton features 330 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 Benton, Kentucky

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

Housing Choice Vouchers in Benton, Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Benton, Kentucky for a two-bedroom apartment is between $843 and $1,031.

Sourced from federal housing data and AffordableHousingOnline.com research.