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

Discover affordable housing in Boyd County where there are 12+ 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.

Harbor Hill Apartments

Landsdowne Dr, Ashland, Kentucky 41102

Ahp, Inc

2115 Moore St, Ashland, Kentucky 41101

Ashland Terrace

3100 Roberts Dr , Ashland, Kentucky 41102

Bruce Apartments

1709 Clements Dr, Ashland, Kentucky 41101

Debord Terrace II

924 Kilgore Dr, Ashland, Kentucky 41101

Grandview Manor

210 24th St, Catlettsburg, Kentucky 41129

Gla - Low II Apartments

1201 Stella Dr, Ashland, Kentucky 41102

Gla - Low I Apartments

1200 Stella Dr, Ashland, Kentucky 41102

Hillcrest Apartments

215 Carl Perkins Dr, Ashland, Kentucky 41101

Unity Square

506 9th St, Ashland, Kentucky 41101

Evergreen Square Pollard Place

451 Marcia St, Ashland, Kentucky 41101

Scope Towers II

3101 Winchester Ave, Ashland, Kentucky 41101

calendar_today Opened: Sep 20
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 Boyd County, Kentucky
$17.77/hour
$10.52 (+145%) more than Kentucky minimum wage and $10.52 (+145%) more than the Federal minimum wage.
Learn More About Boyd County, Kentucky Affordable Housing ↓

What HUD offices serve Boyd 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 Boyd County, Kentucky.

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

How many renters live in Boyd County, Kentucky?

The County of Boyd County has 48,242 people living in 18,533 households.

There are 13,548 renters living in 5,756 renter households in this County. Renters make up 28.08 percent of the population living in Boyd County.

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

There are an estimated 21,745 housing units in the Boyd County area. Of these, 6,147 units are rental homes, making up 28 percent of the housing market. For every renter household in Boyd County, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Boyd County?

The rental vacancy rate in Boyd 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 Boyd County for each bedroom size?

Occupied Rental Units by Size in Boyd County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
172 765 2,489 1,675 406
Occupied Rental Units by Size in Boyd County

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

Among renter households in this market, 39 percent have housing cost burden. Further, 19 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 Boyd County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $793 to $1,431. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $793
One BR $815
Two BR $938
Three BR $1,236
Four BR $1,431
2024 Fair Market Rents in Boyd County, Kentucky

How many units are rented at Fair Market Rent (FMR) in Boyd 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 122 71 percent
One BR 580 76 percent
Two BR 1,847 74 percent
Rental Units Below FMR in Boyd County, Kentucky

How many affordable rental units are in Boyd County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 128
Public Housing 514
Section 8 Project-Based Rental Assistance 632
Section 811 Supportive Housing for Persons with Disabilities 3
Tracked Units by Federal Program in Boyd County, Kentucky

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

Income Based Apartments in Boyd County, Kentucky

Boyd County features 1,200 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 Boyd County, Kentucky

There are 34 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Boyd County.

Housing Choice Vouchers in Boyd County, Kentucky

On average, Section 8 Housing Choice vouchers pay Boyd County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Boyd County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Boyd County, Kentucky for a two-bedroom apartment is between $844 and $1,032.

Sourced from federal housing data and AffordableHousingOnline.com research.