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

Discover affordable housing in Central City where there are 4+ 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.

Tammy Terrace Apartments

803 Cleaton Rd, Central City, Kentucky 42330

Hillwood Village Apts

701 N Fifth Street, Central City, Kentucky

Muhlenberg Manor Apts

401 Morehead St, Central City, Kentucky

Sandy Hill Apartments

Cleaton Rd, Central City, Kentucky 42330

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Central City, Kentucky
$16.10/hour
$8.85 (+122%) more than Kentucky minimum wage and $8.85 (+122%) more than the Federal minimum wage.
Learn More About Central City, Kentucky Affordable Housing ↓

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

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

How many renters live in Central City, Kentucky?

The City of Central City has 5,740 people living in 1,826 households.

There are 1,173 renters living in 557 renter households in this City. Renters make up 20.44 percent of the population living in Central City.

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

There are an estimated 2,119 housing units in the Central City area. Of these, 557 units are rental homes, making up 26 percent of the housing market. For every renter household in Central City, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Central City?

The rental vacancy rate in Central City 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 Central City for each bedroom size?

Occupied Rental Units by Size in Central City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 233 191 133 0
Occupied Rental Units by Size in Central City

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

Among renter households in this market, 26 percent have housing cost burden. Further, 3 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 Central City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $616 to $1,188. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $616
One BR $647
Two BR $850
Three BR $1,068
Four BR $1,188
2024 Fair Market Rents in Central City, Kentucky

How many units are rented at Fair Market Rent (FMR) in Central 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
One BR 151 65 percent
Two BR 127 66 percent
Rental Units Below FMR in Central City, Kentucky

How many affordable rental units are in Central City?

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

Federal Program Unit Count
Low Income Housing Tax Credit 63
Public Housing 70
USDA Section 515 Rural Rental Housing 72
Tracked Units by Federal Program in Central City, Kentucky

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

Income Based Apartments in Central City, Kentucky

Central City features 72 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 Central City, Kentucky

There are 68 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Central City.

Housing Choice Vouchers in Central City, Kentucky

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.