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

Discover affordable housing in Owen County where there are 6+ 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.

Adair Family Apartments

119 E Adair St, Owenton, Kentucky 40359

Adair Hill Apartments

117 E Adair St, Owenton, Kentucky 40359

B and J Apartments

434 Roland Avenue, Owenton, Kentucky

Gaines Village

101 Gaines Village Dr, Owenton, Kentucky 40359

Manor House Apartments

107 E Perry St, Owenton, Kentucky 40359

Owenton Village II

319 N Main St, Owenton, Kentucky 40359

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Owen County, Kentucky
$16.95/hour
$9.70 (+134%) more than Kentucky minimum wage and $9.70 (+134%) more than the Federal minimum wage.
Learn More About Owen County, Kentucky Affordable Housing ↓

What HUD offices serve Owen 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 Owen County, Kentucky.

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

How many renters live in Owen County, Kentucky?

The County of Owen County has 11,229 people living in 4,146 households.

There are 2,041 renters living in 600 renter households in this County. Renters make up 18.18 percent of the population living in Owen County.

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

There are an estimated 5,370 housing units in the Owen County area. Of these, 692 units are rental homes, making up 13 percent of the housing market. For every renter household in Owen County, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Owen County?

The rental vacancy rate in Owen County is 11 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 Owen County for each bedroom size?

Occupied Rental Units by Size in Owen County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 183 150 179 21
Occupied Rental Units by Size in Owen County

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

Among renter households in this market, 34 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 Owen County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $649 to $1,217. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $649
One BR $681
Two BR $895
Three BR $1,135
Four BR $1,217
2024 Fair Market Rents in Owen County, Kentucky

How many units are rented at Fair Market Rent (FMR) in Owen 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
One BR 154 84 percent
Two BR 81 54 percent
Rental Units Below FMR in Owen County, Kentucky

How many affordable rental units are in Owen County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 75
Public Housing 32
Section 8 Project-Based Rental Assistance 12
USDA Section 515 Rural Rental Housing 75
Tracked Units by Federal Program in Owen County, Kentucky

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

Income Based Apartments in Owen County, Kentucky

Owen County features 111 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 Owen County, Kentucky

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Owen County.

Housing Choice Vouchers in Owen County, Kentucky

On average, Section 8 Housing Choice vouchers pay Owen County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Owen County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Owen County, Kentucky for a two-bedroom apartment is between $806 and $985.

Sourced from federal housing data and AffordableHousingOnline.com research.