Lexington, Kentucky Affordable Housing

Waiting Lists in Lexington, Kentucky

There is one Section 8 Housing Choice Voucher waiting list opening soon in Lexington.

Go to the Kentucky Section 8 Waiting Lists page for more openings near Lexington.

Finding Affordable Housing in Lexington, Kentucky

There are 1,852 low-income apartments in Lexington that offer reduced rents to eligible households. Low-income rents in Lexington, Kentucky can range from $597 to $879 depending on the number of bedrooms.

Rental assistance programs support 3,610 low-income homes in Lexington where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $390 towards rent each month.

12th Street

216 - 229 12th St
Lexington, Kentucky
Affordable

Chrysalis House Family Program

1586 Hill View Pl
Lexington, Kentucky
Affordable

Whitney Woods Apartments

700 Whitney Woods Pl
Lexington, Kentucky
Affordable

Faith Community Housing Rental

444 Campbell St
Lexington, Kentucky
Affordable

Eureka Springs Place

629 Eureka Springs Dr
Lexington, Kentucky
Rent Assisted
Accessible
Accessible
Disabled Supportive Housing

Shepherd House, Inc

709 Hill Rise Ct
Lexington, Kentucky
Affordable

Canaan House

375 S Broadway Park
Lexington, Kentucky
Affordable

Serenity Place

1524 Versailles Rd
Lexington, Kentucky
Affordable

Chdo Elderly Housing

301 E Second St
Lexington, Kentucky
Affordable

1037 Winburn Dr

1037 Winburn Dr
Lexington, Kentucky
Affordable
Showing Results 51-60

Affordable rent data last confirmed on May 13th, 2022. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving 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.

Housing Authority Programs
Lexington-Fayette Urban County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Moving to Work
Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Lexington.

Lexington, Kentucky Affordable Housing Data

Income Based Apartments in Lexington, Kentucky

Lexington features 3,610 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 1,852 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 $923 and $1,128.

2023 Lexington, Kentucky Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Lexington, Kentucky Fair Market Rent $706 $845 $1,025 $1,396 $1,615
Lexington, Kentucky Payment Standard Range $635 to $777 $761 to $930 $923 to $1,128 $1,256 to $1,536 $1,454 to $1,777

Sourced from federal housing data and AffordableHousingOnline.com research.

Lexington, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 84
Total Low Income Apartments 5,516
Total Housing Units with Rental Assistance 3,610
Percentage of Housing Units Occupied By Renters 45.77%
Average Renter Household Size 2.22
Average Household Size 2.35
Median Household Income $49,778 ±$810
Median Rent $778 ±$11
Percentage Of Renters Overburdened 47.06% ± 1.58pp
Total Population 308,306

Population and Household Demographics

Lexington is a city in Fayette County, Kentucky with a population of 308,306. There are 125,752 households in the city with an average household size of 2.35 persons. 45.77% of households in Lexington are renters.

Income and Rent Overburden in Lexington

The median gross income for households in Lexington is $49,778 a year, or $4,148 a month. The median rent for the city is $778 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lexington, a household making less than $2,593 a month would be considered overburdened when renting an apartment at or above the median rent. 47.06% of households who rent are overburdened in Lexington.

Area Median Income In Lexington

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Lexington, the AMI is calculated from all households within Fayette County.

In Lexington, HUD calculates the Area Median Income for a family of four as $87,300

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Lexington

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Lexington

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Lexington AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,750 $20,250 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Lexington AMI may qualify for rental assistance programs that target Very Low Income households.
$29,550 $33,800 $38,000 $42,200 $45,600 $49,000 $52,350 $55,750
80% AMI Income Limits
Renters earning up to 80% of the Lexington AMI may qualify for rental assistance programs that target Low Income households.
$47,250 $54,000 $60,750 $67,500 $72,900 $78,300 $83,700 $89,100