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

Discover affordable housing in Oldham County where there are 11+ 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.

Pillar Supportive Housing

7408 Highway 329, Crestwood, Kentucky 40014

Yorkcliffe Apartments

515 N 1st St, La Grange, Kentucky 40031

Cedar Lake - Cherrywood

1003 Richwood Way, La Grange, Kentucky 40031

Cedar Lake Lesprit

3021 Fallen Wood Ln, La Grange, Kentucky 40031

Shepherd of the Valley Lutheran Community

1201 Woodcreek Dr, La Grange, Kentucky 40031

Chilewich Apartments

1908 Jericho Rd, La Grange, Kentucky 40031

Graham Village Apartments

8801 State Hwy 22, Crestwood, Kentucky 40014

Graham Village

8809 W Highway 22, Crestwood, Kentucky 40014

Windsong Apts

7000 Windsong Court, Crestwood, Kentucky

Stoneridge I ( Madison )

Lee and Madison Sts, La Grange, Kentucky 40031

Stoneridge II

150 W Lee St, La Grange, Kentucky 40031

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Oldham County, Kentucky
$24.64/hour
$17.39 (+240%) more than Kentucky minimum wage and $17.39 (+240%) more than the Federal minimum wage.
Learn More About Oldham County, Kentucky Affordable Housing ↓

What HUD offices serve Oldham 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 Oldham County, Kentucky.

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

How many renters live in Oldham County, Kentucky?

The County of Oldham County has 69,431 people living in 22,519 households.

There are 6,074 renters living in 2,771 renter households in this County. Renters make up 8.75 percent of the population living in Oldham County.

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

There are an estimated 23,195 housing units in the Oldham County area. Of these, 3,130 units are rental homes, making up 13 percent of the housing market. For every renter household in Oldham County, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Oldham County?

The rental vacancy rate in Oldham County is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Oldham County for each bedroom size?

Occupied Rental Units by Size in Oldham County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
23 321 1,208 1,000 336
Occupied Rental Units by Size in Oldham County

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

Among renter households in this market, 47 percent have housing cost burden. Further, 15 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 Oldham County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $976 to $1,955. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $976
One BR $1,077
Two BR $1,301
Three BR $1,701
Four BR $1,955
2024 Fair Market Rents in Oldham County, Kentucky

How many units are rented at Fair Market Rent (FMR) in Oldham 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 11 48 percent
One BR 259 81 percent
Two BR 878 73 percent
Rental Units Below FMR in Oldham County, Kentucky

How many affordable rental units are in Oldham County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 173
Section 8 Project-Based Rental Assistance 47
Section 811 Supportive Housing for Persons with Disabilities 15
USDA Section 515 Rural Rental Housing 236
Tracked Units by Federal Program in Oldham County, Kentucky

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

Income Based Apartments in Oldham County, Kentucky

Oldham County features 83 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 Oldham County, Kentucky

There are 197 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oldham County.

Housing Choice Vouchers in Oldham County, Kentucky

On average, Section 8 Housing Choice vouchers pay Oldham County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Oldham County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Oldham County, Kentucky for a two-bedroom apartment is between $1,171 and $1,431.

Sourced from federal housing data and AffordableHousingOnline.com research.