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

Discover affordable housing in Cynthiana where there are 7+ 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.

Hillside Apartments

500 Hillside Dr, Cynthiana, Kentucky 41031

Belmont Senior Apartments

454 W Pleasant St, Cynthiana, Kentucky 41031

White Oak Apartments

209 Plum Ct, Cynthiana, Kentucky 41031

Harrison House

102 N Main St, Cynthiana, Kentucky 41031

Robynwood Apts

106 Glenwood Ct, Cynthiana, Kentucky

Indian Hills, Riverside H

100 Cherokee Dr, Cynthiana, Kentucky 41031

Robynwood Heights

201 Robynwood Dr, Cynthiana, Kentucky 41031

calendar_today Opened: Aug 12
Open Until Further Notice

Reported On February 23rd, 2024 by Vanea Gardner

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

What HUD offices serve Cynthiana, 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), Public Housing programs for Cynthiana, Kentucky.

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

How many renters live in Cynthiana, Kentucky?

The City of Cynthiana has 6,355 people living in 2,544 households.

There are 3,010 renters living in 1,304 renter households in this City. Renters make up 47.36 percent of the population living in Cynthiana.

What is the rental market like in Cynthiana, Kentucky?

There are an estimated 2,873 housing units in the Cynthiana area. Of these, 1,487 units are rental homes, making up 52 percent of the housing market. For every renter household in Cynthiana, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Cynthiana?

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

Occupied Rental Units by Size in Cynthiana
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
35 172 753 234 110
Occupied Rental Units by Size in Cynthiana

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

Among renter households in this market, 41 percent have housing cost burden. Further, 29 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 Cynthiana

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 $724
Two BR $850
Three BR $1,128
Four BR $1,132
2024 Fair Market Rents in Cynthiana, Kentucky

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

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 24 69 percent
One BR 129 75 percent
Two BR 568 75 percent
Rental Units Below FMR in Cynthiana, Kentucky

How many affordable rental units are in Cynthiana?

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

Federal Program Unit Count
Low Income Housing Tax Credit 123
Public Housing 264
Section 8 Project-Based Rental Assistance 73
USDA Section 515 Rural Rental Housing 108
Tracked Units by Federal Program in Cynthiana, Kentucky

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

Income Based Apartments in Cynthiana, Kentucky

Cynthiana features 465 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 Cynthiana, Kentucky

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cynthiana.

Housing Choice Vouchers in Cynthiana, Kentucky

On average, Section 8 Housing Choice vouchers pay Cynthiana landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Cynthiana.

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

Sourced from federal housing data and AffordableHousingOnline.com research.