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

Discover affordable housing in Henderson County where there are 19+ 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.

Audubon School Apartments

1400 Clay Street, Henderson, Kentucky 42420

Saddlebrook Apartments Two

1056 Saddlebrook Dr, Henderson, Kentucky 42420

Redbanks Apartments and Towers

737 Kimsey Ln, Henderson, Kentucky 42420

Fair Acres Apartments

500 Fair St, Henderson, Kentucky 42420

Womens Addiction Recovery Manor

56 N McKinley St, Henderson, Kentucky 42420

Henderson Station I & II

1303 Washington St, Henderson, Kentucky 42420

Cambridge Pointe Apartments

2718 Zion Rd, Henderson, Kentucky 42420

Independent Living III - Henderson

1636 S Main St, Henderson, Kentucky 42420

Henderson Group Home

1660 S Main St, Henderson, Kentucky 42420

Countryview Apartments

1422 Mattingly Dr, Henderson, Kentucky 42420

WARM Residences

38 N McKinley St, Henderson, Kentucky 42420

Aislynn Village

6409 Old Corydon Rd, Henderson, Kentucky 42420

St Joseph Community Apartments

3rd St, Henderson, Kentucky 42420

Cottages of Henderson

Arbor Dr, Henderson, Kentucky 42420

Scattered Sites ( 4 Sites )

520 Clay St, Henderson, Kentucky 42420

Scattered Sites ( 4 Sites )

840 N Adams St, Henderson, Kentucky 42420

Saddlebrook Apartments, Phase III

1020 Saddlebrook Dr, Henderson, Kentucky 42420

Sand Lane Manor

505 Sand Ln, Henderson, Kentucky 42420

Saddlebrook Apartments, Phase II

1040 Saddlebrook Dr, Henderson, Kentucky 42420

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Henderson County, Kentucky
$20.27/hour
$13.02 (+180%) more than Kentucky minimum wage and $13.02 (+180%) more than the Federal minimum wage.
Learn More About Henderson County, Kentucky Affordable Housing ↓

How many renters live in Henderson County, Kentucky?

The County of Henderson County has 44,770 people living in 18,285 households.

There are 14,753 renters living in 6,540 renter households in this County. Renters make up 32.95 percent of the population living in Henderson County.

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

There are an estimated 20,098 housing units in the Henderson County area. Of these, 6,964 units are rental homes, making up 35 percent of the housing market. For every renter household in Henderson County, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Henderson County?

The rental vacancy rate in Henderson County is 6 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 Henderson County for each bedroom size?

Occupied Rental Units by Size in Henderson County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
241 1,640 2,685 1,786 152
Occupied Rental Units by Size in Henderson County

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

Among renter households in this market, 44 percent have housing cost burden. Further, 22 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 Henderson County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $766 to $1,558. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $766
One BR $850
Two BR $1,070
Three BR $1,360
Four BR $1,558
2024 Fair Market Rents in Henderson County, Kentucky

How many units are rented at Fair Market Rent (FMR) in Henderson 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 185 77 percent
One BR 1,451 88 percent
Two BR 2,233 83 percent
Rental Units Below FMR in Henderson County, Kentucky

How many affordable rental units are in Henderson County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 549
Public Housing 430
Section 8 Project-Based Rental Assistance 261
Section 202 Supportive Housing for the Elderly 47
Tracked Units by Federal Program in Henderson County, Kentucky

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

Income Based Apartments in Henderson County, Kentucky

Henderson County features 718 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 Henderson County, Kentucky

There are 445 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Henderson County.

Housing Choice Vouchers in Henderson County, Kentucky

On average, Section 8 Housing Choice vouchers pay Henderson County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Henderson County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Henderson County, Kentucky for a two-bedroom apartment is between $963 and $1,177.

Sourced from federal housing data and AffordableHousingOnline.com research.