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

Discover affordable housing in Ballard 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.

Colony House Apartments, Ltd

S 6th St, Barlow, Kentucky 42024

Ballard Senior Apts

307 Lake Drive, Barlow, Kentucky

Liberty Manor Apts

526 Phillips Drive, Wickliffe, Kentucky

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Ballard County, Kentucky
$16.63/hour
$9.38 (+129%) more than Kentucky minimum wage and $9.38 (+129%) more than the Federal minimum wage.
Learn More About Ballard County, Kentucky Affordable Housing ↓

What HUD offices serve Ballard 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 Ballard County, Kentucky.

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

How many renters live in Ballard County, Kentucky?

The County of Ballard County has 7,742 people living in 2,959 households.

There are 1,298 renters living in 580 renter households in this County. Renters make up 16.77 percent of the population living in Ballard County.

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

There are an estimated 3,710 housing units in the Ballard County area. Of these, 598 units are rental homes, making up 16 percent of the housing market. For every renter household in Ballard County, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Ballard County?

The rental vacancy rate in Ballard County is 2 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 Ballard County for each bedroom size?

Occupied Rental Units by Size in Ballard County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
4 103 278 163 32
Occupied Rental Units by Size in Ballard County

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

Among renter households in this market, 32 percent have housing cost burden. Further, 14 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 Ballard County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $636 to $1,378. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $636
One BR $668
Two BR $878
Three BR $1,072
Four BR $1,378
2024 Fair Market Rents in Ballard County, Kentucky

How many units are rented at Fair Market Rent (FMR) in Ballard 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
Studio 4 100 percent
One BR 80 78 percent
Two BR 162 58 percent
Rental Units Below FMR in Ballard County, Kentucky

How many affordable rental units are in Ballard County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 12
Section 8 Project-Based Rental Assistance 48
USDA Section 515 Rural Rental Housing 89
Tracked Units by Federal Program in Ballard County, Kentucky

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

Income Based Apartments in Ballard County, Kentucky

Ballard County features 107 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 Ballard County, Kentucky

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

Housing Choice Vouchers in Ballard County, Kentucky

On average, Section 8 Housing Choice vouchers pay Ballard County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Ballard County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Ballard County, Kentucky for a two-bedroom apartment is between $790 and $966.

Sourced from federal housing data and AffordableHousingOnline.com research.