Low Income Apartments and Affordable Housing For Rent in Owsley County, KY

Discover affordable housing in Owsley County where there are 6+ 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.

Riverside Apartments

100 Possum Hollow Rd, Booneville, Kentucky 41314

Booneville Homes

100 Booneville Dr, Booneville, Kentucky 41314

South Fork Retirement Center

RR 3 Box 718, Booneville, Kentucky 41314

Eastside Apartments

1 Eastside Ln, Booneville, Kentucky 41314

Owsley Assisted Living

Highway 11, Booneville, Kentucky 41314

Owsley Assisted Living

Hwy 11, Booneville, Kentucky 41314

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

What HUD offices serve Owsley County, 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 Owsley County, Kentucky.

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

How many renters live in Owsley County, Kentucky?

The County of Owsley County has 4,054 people living in 1,383 households.

There are 1,319 renters living in 508 renter households in this County. Renters make up 32.54 percent of the population living in Owsley County.

What is the rental market like in Owsley County, Kentucky?

There are an estimated 1,948 housing units in the Owsley County area. Of these, 541 units are rental homes, making up 28 percent of the housing market. For every renter household in Owsley County, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Owsley County?

The rental vacancy rate in Owsley County is 1 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 Owsley County for each bedroom size?

Occupied Rental Units by Size in Owsley County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 145 221 124 3
Occupied Rental Units by Size in Owsley County

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

Among renter households in this market, 21 percent have housing cost burden. Further, 12 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 Owsley County

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 $1,151
Four BR $1,156
2024 Fair Market Rents in Owsley County, Kentucky

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

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 86 59 percent
Two BR 143 65 percent
Rental Units Below FMR in Owsley County, Kentucky

How many affordable rental units are in Owsley County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 12
Section 8 Project-Based Rental Assistance 79
Section 202 Supportive Housing for the Elderly 12
USDA Section 515 Rural Rental Housing 32
Tracked Units by Federal Program in Owsley County, Kentucky

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

Income Based Apartments in Owsley County, Kentucky

Owsley County features 124 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 Owsley County, Kentucky

There are 19 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Owsley County.

Housing Choice Vouchers in Owsley County, Kentucky

On average, Section 8 Housing Choice vouchers pay Owsley County landlords $700 per month towards rent. The average voucher holder contributes $200 towards rent in Owsley County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.