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

Discover affordable housing in Carrollton 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.

Carrollton Village

298 Village Ln, Carrollton, Kentucky 41008

Carrollton Landmark

254 Landmark Ct, Carrollton, Kentucky 41008

Port Williams Homes

805 Mason St, Carrollton, Kentucky 41008

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Carrollton, Kentucky
$8.85 (+122%) more than Kentucky minimum wage and $8.85 (+122%) more than the Federal minimum wage.
Learn More About Carrollton, Kentucky Affordable Housing ↓

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

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

How many renters live in Carrollton, Kentucky?

The City of Carrollton has 3,889 people living in 1,414 households.

There are 1,753 renters living in 724 renter households in this City. Renters make up 45.08 percent of the population living in Carrollton.

What is the rental market like in Carrollton, Kentucky?

There are an estimated 1,610 housing units in the Carrollton area. Of these, 724 units are rental homes, making up 45 percent of the housing market. For every renter household in Carrollton, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Carrollton?

The rental vacancy rate in Carrollton is 0 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 Carrollton for each bedroom size?

Occupied Rental Units by Size in Carrollton
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 145 399 180 0
Occupied Rental Units by Size in Carrollton

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

Among renter households in this market, 25 percent have housing cost burden. Further, 8 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 Carrollton

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $616 to $1,329. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $616
One BR $757
Two BR $850
Three BR $1,198
Four BR $1,329
2024 Fair Market Rents in Carrollton, Kentucky

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

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 101 70 percent
Two BR 177 44 percent
Rental Units Below FMR in Carrollton, Kentucky

How many affordable rental units are in Carrollton?

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

Federal Program Unit Count
Low Income Housing Tax Credit 80
Public Housing 154
Section 8 Project-Based Rental Assistance 80
Tracked Units by Federal Program in Carrollton, Kentucky

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

Income Based Apartments in Carrollton, Kentucky

Carrollton features 233 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 Carrollton, Kentucky

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

Housing Choice Vouchers in Carrollton, Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Carrollton, Kentucky for a two-bedroom apartment is between $765 and $935.

Sourced from federal housing data and AffordableHousingOnline.com research.