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

Discover affordable housing in Lewisport 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.

Poplar Grove

100 Poplar Grove Ct, Lewisport, Kentucky 42351

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lewisport, Kentucky
$20.66/hour
$13.41 (+185%) more than Kentucky minimum wage and $13.41 (+185%) more than the Federal minimum wage.
Learn More About Lewisport, Kentucky Affordable Housing ↓

What HUD offices serve Lewisport, 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 Lewisport, Kentucky.

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

How many renters live in Lewisport, Kentucky?

The City of Lewisport has 2,180 people living in 800 households.

There are 996 renters living in 369 renter households in this City. Renters make up 45.69 percent of the population living in Lewisport.

What is the rental market like in Lewisport, Kentucky?

There are an estimated 893 housing units in the Lewisport area. Of these, 409 units are rental homes, making up 46 percent of the housing market. For every renter household in Lewisport, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Lewisport?

The rental vacancy rate in Lewisport is 10 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 Lewisport for each bedroom size?

Occupied Rental Units by Size in Lewisport
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
10 103 129 118 9
Occupied Rental Units by Size in Lewisport

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

Among renter households in this market, 44 percent have housing cost burden. Further, 32 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 Lewisport

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $825 to $1,453. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $825
One BR $830
Two BR $1,091
Three BR $1,440
Four BR $1,453
2024 Fair Market Rents in Lewisport, Kentucky

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

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 10 100 percent
One BR 82 80 percent
Two BR 97 75 percent
Rental Units Below FMR in Lewisport, Kentucky

How many affordable rental units are in Lewisport?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 76
Tracked Units by Federal Program in Lewisport, Kentucky

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

Income Based Apartments in Lewisport, Kentucky

Lewisport 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 Lewisport, Kentucky

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

Housing Choice Vouchers in Lewisport, Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Lewisport, Kentucky for a two-bedroom apartment is between $982 and $1,200.

Sourced from federal housing data and AffordableHousingOnline.com research.