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Affordable Housing In Fayette County
Kentucky


Waiting List Openings In Fayette County

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

82 Low Income Apartment Communities In Fayette County

Gainesway Village Apartments

1245 Centre Pkwy
Lexington, Kentucky
Subsidized

Christ Church Apartments

137 Rose St
Lexington, Kentucky
Subsidized
62+

Christian Towers

1511 Versailles Rd
Lexington, Kentucky
Subsidized
62+
Accessible
Elderly Supportive Housing

Ashland Group Home

124 Cisco Rd
Lexington, Kentucky
Subsidized
62+
Accessible
Elderly Supportive Housing

Meadowthorpe Senior Housing

1447 Antique Drive
Lexington, Kentucky
Accepts Vouchers
55+

Coolavin Apartments

551 W Sixth St
Lexington, Kentucky
Subsidized

Derbytowne Apartments, Inc

321 Bainbridge Drive
Lexington, Kentucky
Accepts Vouchers

Aqueduct Place

1156 Mount Rushmore Way
Lexington, Kentucky
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Russell School Apartments

201 W Fifth St
Lexington, Kentucky
Subsidized
62+
Accessible
Elderly Supportive Housing

Bluegrass Village

3093 Tuscaloosa Ln
Lexington, Kentucky
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Housing Authorities that serve Fayette County

Housing Authority Programs
Lexington-Fayette Urban County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Moving to Work

Guide To Affordable Housing in Fayette County, Kentucky

There are 82 low income housing apartment communities offering 5,555 affordable apartments for rent in Fayette County, Kentucky.

Income Based Apartments in Fayette County, Kentucky

Fayette County features 3,625 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 Fayette County, Kentucky

There are 1,876 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fayette County.

Housing Choice Vouchers in Fayette County, Kentucky

On average, Section 8 Housing Choice vouchers pay Fayette County landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Fayette County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Fayette County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 82
Total Low Income Apartments 5,555
Total Housing Units with Rental Assistance 3,625
Percentage of Housing Units Occupied By Renters 45.77%
Average Renter Household Size 2.22
Average Household Size 2.35
Median Household Income $49,778 ±$810
Median Rent $778 ±$11
Percentage Of Renters Overburdened 47.06% ± 1.58pp
Total Population 308,306

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 $74,500

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 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 $15,650 $17,900 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,100 $29,800 $33,550 $37,250 $40,250 $43,250 $46,200 $49,200
80% of Median $41,750 $47,700 $53,650 $59,600 $64,400 $69,150 $73,950 $78,700

Cities In Fayette County

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

City Listings Served By
Lexington 82 The HUD funded Public Housing Agency that serves Lexington is the Lexington-Fayette Urban County Housing Authority.