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

Discover affordable housing in Lexington where there are 177+ 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.

Hamburg Senior Residence

1601 Villa Medici Pass, Lexington, Kentucky 40509

bed 1-2
payment $632-931/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Gleneagles Apartments

2920 Polo Club Blvd., Lexington, Kentucky 40509

bed 1-3
switch_access_shortcut Short Wait
accessibility Accessible

First Presbyterian Church Apartments

179 Market St, Lexington, Kentucky 40507

bed 1-2
switch_access_shortcut Short Wait
accessibility Accessible

Trent Senior Village

1393 Trent Boulevard , Lexington, Kentucky 40517

bed 1-2
switch_access_shortcut Short Wait
accessibility Accessible

Parkside III Apartments

1060 Cross Keys Rd, Lexington, Kentucky 40504

bed 1-3
switch_access_shortcut Short Wait
accessibility Accessible

Derbytowne Apartments, Inc

321 Bainbridge Drive, Lexington, Kentucky 40509

switch_access_shortcut Short Wait
accessibility Accessible

Salem Village

1109 Winburn Dr, Lexington, Kentucky 40511

switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Russell School Apartments

201 W Fifth St, Lexington, Kentucky 40508

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Alcove at Russell

1975 Russell Cave Road, Lexington, Kentucky 40511

bed 1-3

Rose Tower Apartments (Formerly Christ Church)

137 Rose St, Lexington, Kentucky 40507

bed 1
payment Subsidized

Briarwood Apartments of Lexington

1349 Centre Pkwy, Lexington, Kentucky 40517

payment Subsidized

Fairington of Lexington

3501 Laredo Dr, Lexington, Kentucky 40517

payment Subsidized

Sayre Christian Village

3816 Camelot Dr, Lexington, Kentucky 40517

payment Subsidized

Virginia Avenue Apartments

381 Virginia Ave, Lexington, Kentucky 40504

payment Subsidized
accessibility Accessible
accessible_forward Disability

Prall Place Apartments

147 Prall St, Lexington, Kentucky 40508

payment Subsidized

Danielle Court Apartments

2532 Danielle Ln, Lexington, Kentucky 40509

payment Subsidized
accessibility Accessible
accessible_forward Disability

Liberty Commons

2101 Cornerstone Dr, Lexington, Kentucky 40509

payment Subsidized
elderly Senior
accessibility Accessible

Westminster Village

1510 Versailles Rd, Lexington, Kentucky 40504

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Bluegrass Village

3093 Tuscaloosa Ln, Lexington, Kentucky 40515

payment Subsidized
accessibility Accessible
accessible_forward Disability

Coolavin Apartments

551 W Sixth St, Lexington, Kentucky 40508

payment Subsidized

How To Identify Affordable Housing in Lexington, Kentucky

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lexington, Kentucky
$22.29/hour
$15.04 (+207%) more than Kentucky minimum wage and $15.04 (+207%) more than the Federal minimum wage.
Learn More About Lexington, Kentucky Affordable Housing ↓

What HUD offices serve Lexington, 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, Homeownership Voucher, Moving to Work programs for Lexington, Kentucky.

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

How many renters live in Lexington, Kentucky?

The City of Lexington has people living in households.

There are renters living in renter households in this City. Renters make up 39.42 percent of the population living in Lexington.

What is the rental market like in Lexington, Kentucky?

There are an estimated housing units in the Lexington area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lexington, Kentucky, there are 1.04 rental units.

What is the vacancy rate for rentals in Lexington?

The rental vacancy rate in Lexington is 3 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 Lexington for each bedroom size?

Occupied Rental Units by Size in Lexington
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
2,738 22,309 23,259 12,619 3,608
Occupied Rental Units by Size in Lexington

A large number of apartments in Lexington have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Lexington

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $802 to $1,807. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $802
One BR $983
Two BR $1,177
Three BR $1,599
Four BR $1,807
2024 Fair Market Rents in Lexington, Kentucky

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

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 1,336 49 percent
One BR 13,321 60 percent
Two BR 13,515 58 percent
Rental Units Below FMR in Lexington, Kentucky

How many affordable rental units are in Lexington?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
Tracked Units by Federal Program in Lexington, Kentucky

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

Income Based Apartments in Lexington, Kentucky

Lexington features 3,620 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 Lexington, Kentucky

There are 1,713 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lexington.

Housing Choice Vouchers in Lexington, Kentucky

On average, Section 8 Housing Choice vouchers pay Lexington landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Lexington.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lexington, Kentucky for a two-bedroom apartment is between $1,059 and $1,295.

Sourced from federal housing data and AffordableHousingOnline.com research.

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