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

Discover affordable housing in Nicholasville where there are 19+ 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.

Briarwick Apartments

1050 Hickory Hill Dr, Nicholasville, Kentucky 40356

Elmwood Apartments

200 Elmwood Ct, Nicholasville, Kentucky 40356

Foxwood Five

308 Foxwood Dr, Nicholasville, Kentucky 40356

Edgewood East

609 Longview Dr, Nicholasville, Kentucky 40356

Beacon Apartments

256 Blueberry Ln, Nicholasville, Kentucky 40356

Creekside Senior Apartments

N Second ST, Nicholasville, Kentucky 40356

Edgewood Heights

501 - 515 Longview Drive, Nicholasville, Kentucky

Derby Ridge Apts

320 Southview Dr., Nicholasville, Kentucky

Helmsdale Apartment

316 Wichita Drive, Nicholasville, Kentucky

Westwood Square

109 Wichita Drive, Nicholasville, Kentucky

Nicholasville Greens

N Central AVE, Nicholasville, Kentucky 40356

1 Beauford Pl

1 Beauford Pl, Nicholasville, Kentucky 40356

Staton - Groves

108 Cypress St, Nicholasville, Kentucky 40356

Imperial Pointe, Phase III

308 Imperial Pointe, Nicholasville, Kentucky 40356

Imperial Pointe, Phase I

112 Imperial Pointe, Nicholasville, Kentucky 40356

Hickory Hill Townhomes

100 Andrea Dr, Nicholasville, Kentucky 40356

Imperial Pointe, Phase II

349 Imperial Pointe, Nicholasville, Kentucky 40356

Imperial Pointe, Phase IV

300 Imperial Pointe, Nicholasville, Kentucky 40356

Imperial Pointe, Phase V

410 Imperial Pointe, Nicholasville, Kentucky 40356

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Nicholasville, Kentucky
$22.29/hour
$15.04 (+207%) more than Kentucky minimum wage and $15.04 (+207%) more than the Federal minimum wage.
Learn More About Nicholasville, Kentucky Affordable Housing ↓

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

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

How many renters live in Nicholasville, Kentucky?

The City of Nicholasville has 31,352 people living in 11,630 households.

There are 11,863 renters living in 4,435 renter households in this City. Renters make up 37.84 percent of the population living in Nicholasville.

What is the rental market like in Nicholasville, Kentucky?

There are an estimated 12,343 housing units in the Nicholasville area. Of these, 4,662 units are rental homes, making up 38 percent of the housing market. For every renter household in Nicholasville, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Nicholasville?

The rental vacancy rate in Nicholasville is 3 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 Nicholasville for each bedroom size?

Occupied Rental Units by Size in Nicholasville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
26 780 1,789 1,306 463
Occupied Rental Units by Size in Nicholasville

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

Among renter households in this market, 46 percent have housing cost burden. Further, 23 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 Nicholasville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $802 to $1,807. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $802
One BR $983
Two BR $1,177
Three BR $1,599
Four BR $1,807
2024 Fair Market Rents in Nicholasville, Kentucky

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

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 5 19 percent
One BR 485 62 percent
Two BR 1,397 78 percent
Rental Units Below FMR in Nicholasville, Kentucky

How many affordable rental units are in Nicholasville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 257
Public Housing 54
Section 8 Project-Based Rental Assistance 69
USDA Section 515 Rural Rental Housing 244
Tracked Units by Federal Program in Nicholasville, Kentucky

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

Income Based Apartments in Nicholasville, Kentucky

Nicholasville features 208 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 Nicholasville, Kentucky

There are 484 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Nicholasville.

Housing Choice Vouchers in Nicholasville, Kentucky

On average, Section 8 Housing Choice vouchers pay Nicholasville landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Nicholasville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Nicholasville, Kentucky for a two-bedroom apartment is between $1,059 and $1,295.

Sourced from federal housing data and AffordableHousingOnline.com research.