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

Discover affordable housing in Kentucky where there are 750+ 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.

Canterbury House Apartments - Southgate

926 Ravine Cir, Southgate, Kentucky 41071

Sunset Court Apartments

512-518 Sunset Ct, Muldraugh, Kentucky 40155

Hamburg Senior Residence

1601 Villa Medici Pass, Lexington, Kentucky 40509

Lebanon Townhome Apartments

580 Valley View Court, Lebanon, Kentucky 40033

California Square I

1600 Garland Ave , Louisville, Kentucky 40210

Paint Lick Station

100 Robinson Dr, Paintsville, Kentucky 41240

Arlington Greene

100 Arlington Greene, London, Kentucky 40741

Sawgrass Greene

100 Sawgrass Ln, Grayson, Kentucky 41143

Country Place Apartments

51 Hinton Ave, Scottsville, Kentucky 42164

Alco Apartments

110 East Moncrief Street, Scottsville, Kentucky 42164

Carl D. Perkins Towers

200 Douglas Pkwy, Pikeville, Kentucky 41501

Belmont Court Apartments

633 Belmont Street, Harrodsburg, Kentucky 40330

Munfordville Apartments

175 Woods Rd, Munfordville, Kentucky 42765

Royal Arms Apartments

166 Royal Arms Land Rd, Elkton, Kentucky 42220

Tree Top Apartments

102 Tree Top Dr, Edmonton, Kentucky 42129

Lincoln Terrace Apartments

120 Star Ave., Stanford, Kentucky 40484

Greenwood Apartments

300 W Main Street, Horse Cave, Kentucky 42749

Country Place Apartments

306 Magnolia Dr, Columbia, Kentucky 42728

Carter Court Apartments

204 M.O. Ln, Tompkinsville, Kentucky 42167

Regency Park Apartments

2425 Thoroughbred Drive, Bowling Green, Kentucky 42104

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Kentucky
$17.58/hour
$10.33 (+142%) more than Kentucky minimum wage and $10.33 (+142%) more than the Federal minimum wage.
Learn More About Kentucky Affordable Housing ↓

How many renters live in Kentucky?

The State of Kentucky has 30,613 people living in 11,649 households.

There are 7,595 renters living in 3,629 renter households in this State. Renters make up 24.81 percent of the population living in Kentucky.

What is the rental market like in Kentucky?

There are an estimated 12,933 housing units in the Kentucky area. Of these, 3,897 units are rental homes, making up 30 percent of the housing market. For every renter household in Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Kentucky?

The rental vacancy rate in Kentucky is 6 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 Kentucky for each bedroom size?

Occupied Rental Units by Size in Kentucky
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
125 411 1,958 1,007 120
Occupied Rental Units by Size in Kentucky

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

Among renter households in this market, 44 percent have housing cost burden. Further, 27 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 many units are rented at Fair Market Rent (FMR) in Kentucky?

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 64 51 percent
One BR 317 77 percent
Two BR 1,460 75 percent
Rental Units Below FMR in Kentucky

How many affordable rental units are in Kentucky?

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

Federal Program Unit Count
Low Income Housing Tax Credit 148
Public Housing 394
Section 8 Project-Based Rental Assistance 42
Section 811 Supportive Housing for Persons with Disabilities 12
USDA Section 515 Rural Rental Housing 174
Tracked Units by Federal Program in Kentucky

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

Income Based Apartments in Kentucky

Kentucky features 55,036 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 Kentucky

There are 20,239 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Kentucky.

Housing Choice Vouchers in Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Kentucky for a two-bedroom apartment is between $835 and $1,021.

Sourced from federal housing data and AffordableHousingOnline.com research.