Low Income Apartments and Affordable Housing For Rent in Cave City, KY

Discover affordable housing in Cave City 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.

Happy Valley Manor Apartments

418 E Happy Valley St, Cave City, Kentucky 42127

switch_access_shortcut Short Wait
accessibility Accessible

106 Park Haven Dr.

106 Park Haven Dr., Cave City, Kentucky 42127

bed 3
payment $950/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

Edwin P. Terry Estates

201 School House Dr, Cave City, Kentucky 42127

payment Subsidized

How To Identify Affordable Housing in Cave City, Kentucky

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Cave City, Kentucky
$16.48/hour
$9.23 (+127%) more than Kentucky minimum wage and $9.23 (+127%) more than the Federal minimum wage.
Learn More About Cave City, Kentucky Affordable Housing ↓

What HUD offices serve Cave City, 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 Cave City, Kentucky.

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

How many renters live in Cave City, Kentucky?

The City of Cave City has people living in households.

There are renters living in renter households in this City. Renters make up 58.51 percent of the population living in Cave City.

What is the rental market like in Cave City, Kentucky?

There are an estimated housing units in the Cave City area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Cave City, Kentucky, there are 1.09 rental units.

What is the vacancy rate for rentals in Cave City?

The rental vacancy rate in Cave City is 8 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Cave City for each bedroom size?

Occupied Rental Units by Size in Cave City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
19 166 385 114 22
Occupied Rental Units by Size in Cave City

A large number of apartments in Cave City have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Cave City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $631 to $1,167. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $631
One BR $662
Two BR $870
Three BR $1,117
Four BR $1,167
2024 Fair Market Rents in Cave City, Kentucky

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

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 0 100 percent
One BR 132 80 percent
Two BR 329 85 percent
Rental Units Below FMR in Cave City, Kentucky

How many affordable rental units are in Cave City?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Cave City, Kentucky

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

Income Based Apartments in Cave City, Kentucky

Cave City features 92 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 Cave City, Kentucky

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

Housing Choice Vouchers in Cave City, Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Cave City, Kentucky for a two-bedroom apartment is between $783 and $957.

Sourced from federal housing data and AffordableHousingOnline.com research.

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