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

Discover affordable housing in Pineville 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.

Wilderness Trail

1 Wilderness Trail Mnr, Pineville, Kentucky 40977

Ferndale Apartments

1 Ferndale Apartments Rd, Pineville, Kentucky 40977

Northside Dr

601 6th St, Pineville, Kentucky 40977

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

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

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

How many renters live in Pineville, Kentucky?

The City of Pineville has 1,796 people living in 688 households.

There are 815 renters living in 402 renter households in this City. Renters make up 45.38 percent of the population living in Pineville.

What is the rental market like in Pineville, Kentucky?

There are an estimated 827 housing units in the Pineville area. Of these, 442 units are rental homes, making up 53 percent of the housing market. For every renter household in Pineville, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Pineville?

The rental vacancy rate in Pineville is 9 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 Pineville for each bedroom size?

Occupied Rental Units by Size in Pineville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
85 120 80 63 21
Occupied Rental Units by Size in Pineville

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

Among renter households in this market, 27 percent have housing cost burden. Further, 15 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 Pineville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $707 to $1,359. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $707
One BR $757
Two BR $850
Three BR $1,198
Four BR $1,359
2024 Fair Market Rents in Pineville, Kentucky

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

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 83 98 percent
One BR 120 100 percent
Two BR 49 61 percent
Rental Units Below FMR in Pineville, Kentucky

How many affordable rental units are in Pineville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 123
Public Housing 160
Section 8 Project-Based Rental Assistance 1
Tracked Units by Federal Program in Pineville, Kentucky

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

Income Based Apartments in Pineville, Kentucky

Pineville features 444 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 Pineville, Kentucky

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

Housing Choice Vouchers in Pineville, Kentucky

On average, Section 8 Housing Choice vouchers pay Pineville landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Pineville.

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

Sourced from federal housing data and AffordableHousingOnline.com research.