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

Discover affordable housing in Monroe County where there are 8+ 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.

Carter Court Apartments

204 M.O. Ln, Tompkinsville, Kentucky 42167

Monroe Village Senior Apartments

820 Cap Harlan Road, Tompkinsville, Kentucky 42167

Rolling Acres Apartments

398 Capp Harlan Rd, Tompkinsville, Kentucky 42167

Columbia Trace Ltd C/O Franklin Asset

1015 Columbia Avenue, Tompkinsville, Kentucky

Tompkinsville Arms

1008 Columbia Ave., Tompkinsville, Kentucky

Da Ranco : Rental

Celina Rd, Tompkinsville, Kentucky 42167

Green Hills and Jackson St

201 S Jackson St, Tompkinsville, Kentucky 42167

Richard Dicken Gamaliel Apartments Hor

81 Crowe Ave, Gamaliel, Kentucky 42140

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Monroe County, Kentucky
$16.10/hour
$8.85 (+122%) more than Kentucky minimum wage and $8.85 (+122%) more than the Federal minimum wage.
Learn More About Monroe County, Kentucky Affordable Housing ↓

What HUD offices serve Monroe County, 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) programs for Monroe County, Kentucky.

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

How many renters live in Monroe County, Kentucky?

The County of Monroe County has 11,331 people living in 4,544 households.

There are 3,263 renters living in 1,320 renter households in this County. Renters make up 28.8 percent of the population living in Monroe County.

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

There are an estimated 5,239 housing units in the Monroe County area. Of these, 1,320 units are rental homes, making up 25 percent of the housing market. For every renter household in Monroe County, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Monroe County?

The rental vacancy rate in Monroe County is 0 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 Monroe County for each bedroom size?

Occupied Rental Units by Size in Monroe County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
9 80 643 501 70
Occupied Rental Units by Size in Monroe County

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

Among renter households in this market, 34 percent have housing cost burden. Further, 23 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 Monroe County

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 $647
Two BR $850
Three BR $1,128
Four BR $1,132
2024 Fair Market Rents in Monroe County, Kentucky

How many units are rented at Fair Market Rent (FMR) in Monroe 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 4 44 percent
One BR 76 95 percent
Two BR 509 79 percent
Rental Units Below FMR in Monroe County, Kentucky

How many affordable rental units are in Monroe County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 80
Public Housing 32
Section 8 Project-Based Rental Assistance 111
USDA Section 515 Rural Rental Housing 72
Tracked Units by Federal Program in Monroe County, Kentucky

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

Income Based Apartments in Monroe County, Kentucky

Monroe County features 160 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 Monroe County, Kentucky

There are 67 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Monroe County.

Housing Choice Vouchers in Monroe County, Kentucky

On average, Section 8 Housing Choice vouchers pay Monroe County landlords $700 per month towards rent. The average voucher holder contributes $200 towards rent in Monroe County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.