Low Income Apartments and Affordable Housing For Rent in Lebanon, KY

Discover affordable housing in Lebanon 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.

Lebanon Townhome Apartments

580 Valley View Court, Lebanon, Kentucky 40033

Maple Street Apartments

555 Maple Street, Lebanon, Kentucky 40033

Marion Centennial Apartments

560 Maple St, Lebanon, Kentucky 40033

Lincoln View Housing

101 W Walnut St, Lebanon, Kentucky 40033

Hamilton - Warren - Memory L

100 Sunset Ter, Lebanon, Kentucky 40033

Hamilton - Warren - Memory L

103 Rosenwald Vlg, Lebanon, Kentucky 40033

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lebanon, Kentucky
$16.42/hour
$9.17 (+126%) more than Kentucky minimum wage and $9.17 (+126%) more than the Federal minimum wage.
Learn More About Lebanon, Kentucky Affordable Housing ↓

What HUD offices serve Lebanon, 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), Public Housing programs for Lebanon, Kentucky.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Lebanon, Kentucky.

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

How many renters live in Lebanon, Kentucky?

The City of Lebanon has 6,274 people living in 2,670 households.

There are 3,084 renters living in 1,318 renter households in this City. Renters make up 49.16 percent of the population living in Lebanon.

What is the rental market like in Lebanon, Kentucky?

There are an estimated 2,807 housing units in the Lebanon area. Of these, 1,414 units are rental homes, making up 50 percent of the housing market. For every renter household in Lebanon, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Lebanon?

The rental vacancy rate in Lebanon is 4 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 Lebanon for each bedroom size?

Occupied Rental Units by Size in Lebanon
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
159 296 286 534 43
Occupied Rental Units by Size in Lebanon

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

Among renter households in this market, 45 percent have housing cost burden. Further, 10 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 Lebanon

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $656 to $1,155. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $656
One BR $660
Two BR $867
Three BR $1,052
Four BR $1,155
2024 Fair Market Rents in Lebanon, Kentucky

How many units are rented at Fair Market Rent (FMR) in Lebanon?

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 146 92 percent
One BR 237 80 percent
Two BR 232 81 percent
Rental Units Below FMR in Lebanon, Kentucky

How many affordable rental units are in Lebanon?

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

Federal Program Unit Count
Public Housing 210
Section 8 Project-Based Rental Assistance 74
Section 202 Supportive Housing for the Elderly 28
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Lebanon, Kentucky

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

Income Based Apartments in Lebanon, Kentucky

Lebanon features 254 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 Lebanon, Kentucky

There are 92 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lebanon.

Housing Choice Vouchers in Lebanon, Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Lebanon, Kentucky for a two-bedroom apartment is between $780 and $954.

Sourced from federal housing data and AffordableHousingOnline.com research.