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

Discover affordable housing in Cloverport 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.

Cloverdale Apartments

510 West St, Cloverport, Kentucky 40111

Weatherholt Hills Apartments

707 Elm St, Cloverport, Kentucky 40111

Creekview Apartments - Cloverport

102 E Houston St, Cloverport, Kentucky 40111

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Cloverport, 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 Cloverport, Kentucky Affordable Housing ↓

What HUD offices serve Cloverport, 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 Cloverport, Kentucky.

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

How many renters live in Cloverport, Kentucky?

The City of Cloverport has 1,185 people living in 466 households.

There are 367 renters living in 162 renter households in this City. Renters make up 30.97 percent of the population living in Cloverport.

What is the rental market like in Cloverport, Kentucky?

There are an estimated 551 housing units in the Cloverport area. Of these, 162 units are rental homes, making up 29 percent of the housing market. For every renter household in Cloverport, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Cloverport?

The rental vacancy rate in Cloverport 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 Cloverport for each bedroom size?

Occupied Rental Units by Size in Cloverport
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
24 84 14 29 11
Occupied Rental Units by Size in Cloverport

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

Among renter households in this market, 19 percent have housing cost burden. Further, 10 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 Cloverport

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $616 to $1,132. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $616
One BR $729
Two BR $850
Three BR $1,128
Four BR $1,132
2024 Fair Market Rents in Cloverport, Kentucky

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

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 21 88 percent
One BR 81 96 percent
Two BR 5 36 percent
Rental Units Below FMR in Cloverport, Kentucky

How many affordable rental units are in Cloverport?

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

Federal Program Unit Count
Low Income Housing Tax Credit 22
Section 8 Project-Based Rental Assistance 88
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Cloverport, Kentucky

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

Income Based Apartments in Cloverport, Kentucky

Cloverport features 162 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 Cloverport, Kentucky

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

Housing Choice Vouchers in Cloverport, Kentucky

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.