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

Discover affordable housing in Knox County where there are 36+ 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.

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Knox 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 Knox County, Kentucky Affordable Housing ↓

How many renters live in Knox County, Kentucky?

The County of Knox County has 30,207 people living in 11,229 households.

There are 10,540 renters living in 4,048 renter households in this County. Renters make up 34.89 percent of the population living in Knox County.

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

There are an estimated 13,817 housing units in the Knox County area. Of these, 4,281 units are rental homes, making up 31 percent of the housing market. For every renter household in Knox County, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Knox County?

The rental vacancy rate in Knox 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 Knox County for each bedroom size?

Occupied Rental Units by Size in Knox County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
73 355 1,669 1,664 148
Occupied Rental Units by Size in Knox County

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

Among renter households in this market, 32 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 Knox County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $616 to $1,442. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $616
One BR $664
Two BR $850
Three BR $1,067
Four BR $1,442
2024 Fair Market Rents in Knox County, Kentucky

How many units are rented at Fair Market Rent (FMR) in Knox 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 66 90 percent
One BR 299 84 percent
Two BR 1,042 62 percent
Rental Units Below FMR in Knox County, Kentucky

How many affordable rental units are in Knox County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 143
Public Housing 204
Section 8 Project-Based Rental Assistance 306
Section 202 Supportive Housing for the Elderly 20
USDA Section 515 Rural Rental Housing 272
Tracked Units by Federal Program in Knox County, Kentucky

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

Income Based Apartments in Knox County, Kentucky

Knox County features 1,201 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 Knox County, Kentucky

There are 315 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Knox County.

Housing Choice Vouchers in Knox County, Kentucky

On average, Section 8 Housing Choice vouchers pay Knox County landlords $600 per month towards rent. The average voucher holder contributes $200 towards rent in Knox County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.