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

Discover affordable housing in Shively 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.

Shively Apartments

3105 Clinton Pl, Shively, Kentucky 40216

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Shively, Kentucky
$24.64/hour
$17.39 (+240%) more than Kentucky minimum wage and $17.39 (+240%) more than the Federal minimum wage.
Learn More About Shively, Kentucky Affordable Housing ↓

What HUD offices serve Shively, 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), Public Housing, Homeownership Voucher, Family Self-Sufficiency, Moving to Work, Veteran Affairs Supportive Housing (VASH) programs for Shively, Kentucky.

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

How many renters live in Shively, Kentucky?

The City of Shively has 15,595 people living in 6,925 households.

There are 6,661 renters living in 3,135 renter households in this City. Renters make up 42.71 percent of the population living in Shively.

What is the rental market like in Shively, Kentucky?

There are an estimated 7,179 housing units in the Shively area. Of these, 3,152 units are rental homes, making up 44 percent of the housing market. For every renter household in Shively, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Shively?

The rental vacancy rate in Shively 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 Shively for each bedroom size?

Occupied Rental Units by Size in Shively
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
32 934 1,386 630 153
Occupied Rental Units by Size in Shively

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

Among renter households in this market, 49 percent have housing cost burden. Further, 24 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 Shively

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $976 to $1,955. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $976
One BR $1,077
Two BR $1,301
Three BR $1,701
Four BR $1,955
2024 Fair Market Rents in Shively, Kentucky

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

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 32 100 percent
One BR 880 94 percent
Two BR 1,191 86 percent
Rental Units Below FMR in Shively, Kentucky

How many affordable rental units are in Shively?

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

Federal Program Unit Count
Public Housing 10
Section 8 Project-Based Rental Assistance 96
Section 202 Supportive Housing for the Elderly 49
Section 811 Supportive Housing for Persons with Disabilities 28
Tracked Units by Federal Program in Shively, Kentucky

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

Income Based Apartments in Shively, Kentucky

Shively features 97 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 Shively, Kentucky

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

Housing Choice Vouchers in Shively, Kentucky

On average, Section 8 Housing Choice vouchers pay Shively landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Shively.

The maximum amount a voucher would pay on behalf of a low-income tenant in Shively, Kentucky for a two-bedroom apartment is between $1,171 and $1,431.

Sourced from federal housing data and AffordableHousingOnline.com research.