Affordable Housing In Louisville
Jefferson County, Kentucky

268 Low Income Apartment Communities In Louisville

California Square I

1600 Garland Ave
Louisville, KY
$584
1 BR
Subsidized

Jacob School Senior Apartments

3670 Wheeler Ave
Louisville, KY
Call For Rent
Studio-2 BR
55+
Accessible
HCV Welcome

Mount Vernon Apartments

6733 Carribean Ln
Louisville, KY
Call For Rent
1-3 BR
Subsidized

Fairington of Louisville

5900 Fairington Dr
Louisville, KY
Call For Rent
1 BR
62+
Accessible
Subsidized

Phoenix Hill Apartments

928 Marshall St.
Louisville, KY
Call For Rent
1-3 BR
Subsidized

Watterson Lakeview Apartments

3701 W Wheatmore Dr
Louisville, KY
$600-822
1-3 BR
Subsidized

Community Towers

2526 W. Madison St.
Louisville, KY
Call For Rent
1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Douglas Park Apartments

401 Douglas Park
Louisville, KY
Call For Rent
1-3 BR
Subsidized

Flaget Apartments

4410 River Park Drive
Louisville, KY
Call For Rent
Studio-1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Beecher Terrace I & II

434 S 10th St
Louisville, KY
Call For Rent
1-3 BR
HCV Welcome

Housing Authorities that serve Louisville

Housing Authority Programs
Louisville Metro Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-sufficiency; Moving to Work; Veteran Affairs Supportive Housing (VASH)

Guide To Affordable Housing in Louisville, Kentucky

According to federal housing data and AffordableHousingOnline.com research, there are 268 low income housing apartment communities offering 17,114 affordable apartments for rent in Louisville, Kentucky. Louisville features 10,781 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 6,244 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Louisville.

Louisville, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 268
Total Low Income Apartments 17,114
Total Housing Units with Rental Assistance 10,781
Percentage of Housing Units Occupied By Renters 39.58%
Average Renter Household Size 2.29
Average Household Size 2.43
Median Household Income $45,762 ±$715
Median Rent $727 ±$7
Percentage Of Renters Overburdened 45.78% ± 1.32pp
Total Population 608,732

Population and Household Demographics

Louisville is a City in Jefferson County, Kentucky with a population of 608,732. There are 245,017 households in the city with an average household size of 2.43 persons. 39.58% of households in Louisville are renters.

Income and Rent Overburden in Louisville

The median gross income for households in Louisville is $45,762 a year, or $3,814 a month. The median rent for the city is $727 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Louisville, a household making less than $2,423 a month would be considered overburdened when renting an apartment at or above the median rent. 45.78% of households who rent are overburdened in Louisville.1

Area Median Income In Louisville

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 Louisville, the AMI is calculated from all households within Jefferson County.

In Louisville, HUD calculates the Area Median Income for a family of four as $76,400

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 Louisville

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 Louisville HUD Rental Assistance in Louisville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,050 $18,350 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,750 $30,600 $34,400 $38,200 $41,300 $44,350 $47,400 $50,450
80% of Median $42,800 $48,900 $55,000 $61,100 $66,000 $70,900 $75,800 $80,700
Low Income Housing Tax Credits in Louisville

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1990 to 2011, 149 low income apartment communities containing 6,975 rental apartments have been constructed and made affordable to low income persons in Louisville by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Louisville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $26,750 $30,600 $34,400 $38,200 $41,300 $44,350 $47,400 $50,450
60% of Median $32,100 $36,720 $41,280 $45,840 $49,560 $53,220 $56,880 $60,540

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Louisville is $41,280 a year, or $3,440 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,440 by 30% to get a maximum rent of $1,032 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $669 $717 $860 $994 $1,109 $1,223
60% $803 $860 $1,032 $1,193 $1,331 $1,468
Fair Market Rents in Louisville

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$614 $713 $872 $1,174 $1,331