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

Discover affordable housing in Dayton where there are 2+ 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.

Speers Court

901 5th Ave, Dayton, Kentucky 41074

Jamestown Village

201 Clay St, Dayton, Kentucky 41074

calendar_today Opened: Feb 14
Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Dayton, Kentucky
$22.63/hour
$15.38 (+212%) more than Kentucky minimum wage and $15.38 (+212%) more than the Federal minimum wage.
Learn More About Dayton, Kentucky Affordable Housing ↓

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

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

How many renters live in Dayton, Kentucky?

The City of Dayton has 5,674 people living in 2,531 households.

There are 1,846 renters living in 910 renter households in this City. Renters make up 32.53 percent of the population living in Dayton.

What is the rental market like in Dayton, Kentucky?

There are an estimated 2,809 housing units in the Dayton area. Of these, 1,084 units are rental homes, making up 39 percent of the housing market. For every renter household in Dayton, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Dayton?

The rental vacancy rate in Dayton is 3 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 Dayton for each bedroom size?

Occupied Rental Units by Size in Dayton
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
45 367 361 116 21
Occupied Rental Units by Size in Dayton

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

Among renter households in this market, 59 percent have housing cost burden. Further, 25 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 Dayton

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $810 to $1,766. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $810
One BR $919
Two BR $1,195
Three BR $1,588
Four BR $1,766
2024 Fair Market Rents in Dayton, Kentucky

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

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 26 58 percent
One BR 234 64 percent
Two BR 205 57 percent
Rental Units Below FMR in Dayton, Kentucky

How many affordable rental units are in Dayton?

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

Federal Program Unit Count
Public Housing 45
Section 8 Project-Based Rental Assistance 91
Tracked Units by Federal Program in Dayton, Kentucky

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

Income Based Apartments in Dayton, Kentucky

Dayton features 137 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 Dayton, Kentucky

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

Housing Choice Vouchers in Dayton, Kentucky

On average, Section 8 Housing Choice vouchers pay Dayton landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Dayton.

The maximum amount a voucher would pay on behalf of a low-income tenant in Dayton, Kentucky for a two-bedroom apartment is between $1,076 and $1,315.

Sourced from federal housing data and AffordableHousingOnline.com research.