Low Income Apartments and Affordable Housing For Rent in Bowling Green, KY

Discover affordable housing in Bowling Green where there are 45+ 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.

B.C. Wimpee 1350

1350 Clay St, Bowling Green, Kentucky 42101

1112 High St

1112 High St, Bowling Green, Kentucky 42101

1144 Adams St

1144 Adams St, Bowling Green, Kentucky 42101

1310 Kentucky St

1310 Kentucky St, Bowling Green, Kentucky 42101

Bowling Green Scholar House

10th Ave W, Bowling Green, Kentucky 42101

calendar_today Opened: Jun 27
Open Until Further Notice

Reported On February 23rd, 2024 by Madison Shannahan

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Bowling Green, Kentucky
$20.91/hour
$13.66 (+188%) more than Kentucky minimum wage and $13.66 (+188%) more than the Federal minimum wage.
Learn More About Bowling Green, Kentucky Affordable Housing ↓

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

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

How many renters live in Bowling Green, Kentucky?

The City of Bowling Green has 74,929 people living in 31,530 households.

There are 40,627 renters living in 19,925 renter households in this City. Renters make up 54.22 percent of the population living in Bowling Green.

What is the rental market like in Bowling Green, Kentucky?

There are an estimated 31,611 housing units in the Bowling Green area. Of these, 19,230 units are rental homes, making up 61 percent of the housing market. For every renter household in Bowling Green, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Bowling Green?

The rental vacancy rate in Bowling Green 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 Bowling Green for each bedroom size?

Occupied Rental Units by Size in Bowling Green
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
221 4,929 9,871 2,975 1,929
Occupied Rental Units by Size in Bowling Green

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

Among renter households in this market, 47 percent have housing cost burden. Further, 25 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 Bowling Green

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $831 to $1,640. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $831
One BR $944
Two BR $1,104
Three BR $1,354
Four BR $1,640
2024 Fair Market Rents in Bowling Green, Kentucky

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

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 72 33 percent
One BR 3,777 77 percent
Two BR 6,194 63 percent
Rental Units Below FMR in Bowling Green, Kentucky

How many affordable rental units are in Bowling Green?

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

Federal Program Unit Count
Low Income Housing Tax Credit 880
Public Housing 595
Section 8 Project-Based Rental Assistance 461
Section 202 Supportive Housing for the Elderly 18
Section 811 Supportive Housing for Persons with Disabilities 1
Tracked Units by Federal Program in Bowling Green, Kentucky

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

Income Based Apartments in Bowling Green, Kentucky

Bowling Green features 1,296 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 Bowling Green, Kentucky

There are 832 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bowling Green.

Housing Choice Vouchers in Bowling Green, Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Bowling Green, Kentucky for a two-bedroom apartment is between $994 and $1,214.

Sourced from federal housing data and AffordableHousingOnline.com research.