Low Income Apartments In Fayette County
Kentucky


Waiting List Openings In Fayette County

Waiting ListStatus
Lexington-Fayette Urban County Housing Authority Public Housing Open Now
Lexington-Fayette Urban County Housing Authority Public Housing Open Now
Lexington-Fayette Urban County Housing Authority Project-Based Voucher Open Now

Low Income Apartments In Fayette County

Hamburg Senior Residence

1601 Villa Medici Pass
Lexington, KY
$556-819
1-2 BR
55+
HCV Welcome

Gleneagles Apartments

2920 Polo Club Blvd.
Lexington, KY
1-3 BR
HCV Welcome

Trent Senior Village

1393 Trent Boulevard
Lexington, KY
Income Based
1-2 BR

Central Christian Church Apartments

205 E Short St
Lexington, KY
62+
Accessible
Elderly Supportive Housing
Subsidized

Centre Meadows Apartments

1333 Centre Pkwy
Lexington, KY
Income Based
2 BR

Westminster Village

1510 Versailles Rd
Lexington, KY
Subsidized

Mt Tabor Townhouses

633 Mount Tabor Rd
Lexington, KY
Subsidized

Liberty Commons

2101 Cornerstone Dr
Lexington, KY
62+
Accessible
Elderly Supportive Housing
Subsidized

Castlewood Prader - Willi Group Home

531 E Loudon Ave
Lexington, KY
62+
Accessible
Elderly Supportive Housing
Subsidized

Salem Village

1109 Winburn Dr
Lexington, KY
Subsidized

There are 79 low income housing apartment complexes which contain 5,444 affordable apartments for rent in Fayette County, Kentucky. Many of these rental apartments are income based housing with about 3,647 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 1,871 Project-Based Section 8 subsidized apartments in Fayette County. There are 1,743 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Fayette County

Housing Authority Programs
Lexington-Fayette Urban County Housing Authority Section 8 Housing Choice Voucher; Public Housing; Homeownership Voucher

Guide To Affordable Housing in Fayette County, Kentucky

Fayette County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 79
Total Low Income Apartments 5,444
Total Rent Assisted Apartments 3,647
Percentage of Housing Units Occupied By Renters 45.77%
Average Renter Household Size 2.22
Total Population 308,306
Housing Units 125,752
Average Household Size 2.35
Median Household Income $49,778 ±$810
Median Rent $778 ±$11
Percentage Of Renters Overburdened 47.06% ± 1.58pp

Population and Household Demographics

Fayette County is a County in Kentucky with a population of 308,306. There are 125,752 households in the county with an average household size of 2.35 persons. 45.77% of households in Fayette County are renters.

Income and Rent Overburden in Fayette County

The median gross income for households in Fayette County is $49,778 a year, or $4,148 a month. The median rent for the county is $778 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fayette County, a household making less than $2,593 a month would be considered overburdened when renting an apartment at or above the median rent. 47.06% of households who rent are overburdened in Fayette County.1

Area Median Income In Fayette County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Fayette County, HUD calculates the Area Median Income for a family of four as $70,100

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Fayette County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Fayette County HUD Rental Assistance in Fayette County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,750 $16,850 $20,780 $25,100 $29,420 $33,740 $38,060 $42,380
50% of Median $24,550 $28,050 $31,550 $35,050 $37,900 $40,700 $43,500 $46,300
80% of Median $39,300 $44,900 $50,500 $56,100 $60,600 $65,100 $69,600 $74,100
Low Income Housing Tax Credits in Fayette County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1991 to 2010, 31 low income apartment communities containing 1,838 rental apartments have been constructed and made affordable to low income persons in Fayette County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Fayette County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $29,460 $33,660 $37,860 $42,060 $45,480 $48,840 $52,200 $55,560

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Fayette County is $37,860 a year, or $3,155 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,155 by 30% to get a maximum rent of $947 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $614 $658 $789 $912 $1,018 $1,123
60% $737 $789 $947 $1,094 $1,221 $1,347
Fair Market Rents in Fayette County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$617 $692 $883 $1,231 $1,551

Cities In Fayette County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Lexington 79 The HUD funded Public Housing Agency that serves Lexington is the Lexington-Fayette Urban County Housing Authority.