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

Discover affordable housing in Pike County where there are 16+ 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.

Carl D. Perkins Towers

200 Douglas Pkwy, Pikeville, Kentucky 41501

Elkhorn City School Apartments

400 W Russell St , Elkhorn City, Kentucky 41522

Phelps Senior Housing

43100 Ky Hwy 194, Phelps, Kentucky 41553

Forest Trace Apartments

106 Forest Trace Hl, Pikeville, Kentucky 41535

Elkhorn City Phase III

551 Russell St, Elkhorn City, Kentucky 41522

Douglas Elkhorn Apartments

148 Douglas Pkwy, Pikeville, Kentucky 41501

Blackberry - Mccarr Senior Housing

Ky Route 1056, Mccarr, Kentucky 41544

Myers Towers

748 Hambley Blvd, Pikeville, Kentucky 41501

Northgate II

142 Northgate Drive, Pikeville, Kentucky

Douglas Apts II

148 Douglas Park, Pikeville, Kentucky

Pike Villa Apts

130 Claire Lane #803, Pikeville, Kentucky

Northgate I

142 Northgate Drive, Pikeville, Kentucky

Douglas Apts I

148 Douglas Park, Pikeville, Kentucky

Kentucky Avenue Phase IV

Kentucky Ave, Pikeville, Kentucky 41501

Fairview Court

109 Phyllis Ln, Pikeville, Kentucky 41501

Kentucky Ave Phase II

112 Kentucky Ave, Pikeville, Kentucky 41501

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Pike County, Kentucky
$17.25/hour
$10.00 (+138%) more than Kentucky minimum wage and $10.00 (+138%) more than the Federal minimum wage.
Learn More About Pike County, Kentucky Affordable Housing ↓

What HUD offices serve Pike 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 Pike County, Kentucky.

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

How many renters live in Pike County, Kentucky?

The County of Pike County has 58,196 people living in 23,967 households.

There are 13,529 renters living in 6,184 renter households in this County. Renters make up 23.25 percent of the population living in Pike County.

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

There are an estimated 28,918 housing units in the Pike County area. Of these, 6,704 units are rental homes, making up 23 percent of the housing market. For every renter household in Pike County, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Pike County?

The rental vacancy rate in Pike County is 5 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 Pike County for each bedroom size?

Occupied Rental Units by Size in Pike County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
474 759 2,360 2,029 456
Occupied Rental Units by Size in Pike County

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

Among renter households in this market, 36 percent have housing cost burden. Further, 20 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 Pike County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $660 to $1,324. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $660
One BR $784
Two BR $911
Three BR $1,102
Four BR $1,324
2024 Fair Market Rents in Pike County, Kentucky

How many units are rented at Fair Market Rent (FMR) in Pike 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 264 56 percent
One BR 526 69 percent
Two BR 1,174 50 percent
Rental Units Below FMR in Pike County, Kentucky

How many affordable rental units are in Pike County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 190
Public Housing 336
Section 8 Project-Based Rental Assistance 163
Section 202 Supportive Housing for the Elderly 88
USDA Section 515 Rural Rental Housing 163
Tracked Units by Federal Program in Pike County, Kentucky

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

Income Based Apartments in Pike County, Kentucky

Pike County features 948 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 Pike County, Kentucky

There are 124 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pike County.

Housing Choice Vouchers in Pike County, Kentucky

On average, Section 8 Housing Choice vouchers pay Pike County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Pike County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Pike County, Kentucky for a two-bedroom apartment is between $820 and $1,002.

Sourced from federal housing data and AffordableHousingOnline.com research.