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

Discover affordable housing in Frenchburg where there are 3+ 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.

Frenchburg Apartments

40 Frenchburg Ct, Frenchburg, Kentucky 40322

Walnut Grove Apartments

40 Walnut Grove Ct, Frenchburg, Kentucky 40322

Menifee Housing

36 Motley Ct, Frenchburg, Kentucky 40322

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

What HUD offices serve Frenchburg, 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 Frenchburg, Kentucky.

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

How many renters live in Frenchburg, Kentucky?

The City of Frenchburg has 757 people living in 247 households.

There are 424 renters living in 127 renter households in this City. Renters make up 56.01 percent of the population living in Frenchburg.

What is the rental market like in Frenchburg, Kentucky?

There are an estimated 288 housing units in the Frenchburg area. Of these, 133 units are rental homes, making up 46 percent of the housing market. For every renter household in Frenchburg, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Frenchburg?

The rental vacancy rate in Frenchburg is 5 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 Frenchburg for each bedroom size?

Occupied Rental Units by Size in Frenchburg
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 27 55 45 0
Occupied Rental Units by Size in Frenchburg

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

Among renter households in this market, 35 percent have housing cost burden. Further, 17 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 Frenchburg

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $616 to $1,156. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $616
One BR $663
Two BR $850
Three BR $1,133
Four BR $1,156
2024 Fair Market Rents in Frenchburg, Kentucky

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

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 19 70 percent
Two BR 35 64 percent
Rental Units Below FMR in Frenchburg, Kentucky

How many affordable rental units are in Frenchburg?

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

Federal Program Unit Count
Low Income Housing Tax Credit 48
Section 8 Project-Based Rental Assistance 34
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Frenchburg, Kentucky

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

Income Based Apartments in Frenchburg, Kentucky

Frenchburg features 76 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 Frenchburg, Kentucky

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

Housing Choice Vouchers in Frenchburg, Kentucky

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.