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

Discover affordable housing in Anderson County 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.

Willow Woods Apartments

502 E Court St, Lawrenceburg, Kentucky 40342

Westview Apartments

126 Peach Drive, Lawrenceburg, Kentucky

Brayton Apartments

10 Lynn Drive, Lawrenceburg, Kentucky

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Anderson County, Kentucky
$18.16/hour
$10.91 (+151%) more than Kentucky minimum wage and $10.91 (+151%) more than the Federal minimum wage.
Learn More About Anderson County, Kentucky Affordable Housing ↓

What HUD offices serve Anderson 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 Anderson County, Kentucky.

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

How many renters live in Anderson County, Kentucky?

The County of Anderson County has 23,839 people living in 9,180 households.

There are 4,757 renters living in 1,944 renter households in this County. Renters make up 19.95 percent of the population living in Anderson County.

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

There are an estimated 10,055 housing units in the Anderson County area. Of these, 2,039 units are rental homes, making up 20 percent of the housing market. For every renter household in Anderson County, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Anderson County?

The rental vacancy rate in Anderson County is 5 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 Anderson County for each bedroom size?

Occupied Rental Units by Size in Anderson County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 165 999 627 153
Occupied Rental Units by Size in Anderson County

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

Among renter households in this market, 51 percent have housing cost burden. Further, 22 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 Anderson County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $695 to $1,304. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $695
One BR $854
Two BR $959
Three BR $1,299
Four BR $1,304
2024 Fair Market Rents in Anderson County, Kentucky

How many units are rented at Fair Market Rent (FMR) in Anderson 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 103 62 percent
Two BR 842 84 percent
Rental Units Below FMR in Anderson County, Kentucky

How many affordable rental units are in Anderson County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 72
Section 8 Project-Based Rental Assistance 1
USDA Section 515 Rural Rental Housing 56
Tracked Units by Federal Program in Anderson County, Kentucky

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

Income Based Apartments in Anderson County, Kentucky

Anderson County features 56 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 Anderson County, Kentucky

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Anderson County.

Housing Choice Vouchers in Anderson County, Kentucky

On average, Section 8 Housing Choice vouchers pay Anderson County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Anderson County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Anderson County, Kentucky for a two-bedroom apartment is between $863 and $1,055.

Sourced from federal housing data and AffordableHousingOnline.com research.