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

Discover affordable housing in Louisville where there are 525+ 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.

California Square I

1600 Garland Ave , Louisville, Kentucky 40210

bed 1
payment $584/mo.
payment Subsidized
accessibility Accessible

Fairington of Louisville

5900 Fairington Drive, Louisville, Kentucky 40218

bed 1
payment Subsidized

Blairwood Apartments

9202 Linn Station Rd, Louisville, Kentucky 40222

bed 1
payment Subsidized

Community Towers

2526 W. Madison St., Louisville, Kentucky 40211

bed 1
payment Subsidized
elderly Senior

Phoenix Hill Apartments

928 Marshall St., Louisville, Kentucky 40204

bed 1-3
payment Subsidized

Mount Vernon Apartments

6733 Carribean Lane, Louisville, Kentucky 40219

bed 1-3
payment Subsidized

Oconnor Square Apartments

5101 Russett Blvd, Louisville, Kentucky 40218

bed 2-3

Flaget Apartments

4410 River Park Drive, Louisville, Kentucky 40211

bed Studio-1
payment Subsidized
elderly Senior
accessibility Accessible

Douglas Park Apartments

401 Douglas Park, Louisville, Kentucky 40214

bed 1-3
payment Subsidized

The Friary Apartments

501 East Liberty Street, Louisville, Kentucky 40202

bed Studio-1
switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Rivertown Apartments

1204 S 1st St, Louisville, Kentucky 40203

bed 1-2
payment Subsidized

The Pointe at Stoneybrook

2405 Arbor Pointe Dr, Louisville, Kentucky 40220

bed 2-3
switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Brandeis Apartments

925 S 26th St, Louisville, Kentucky 40210

switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Shalom Towers

3650 Dutchmans Ln, Louisville, Kentucky 40205

switch_access_shortcut Short Wait
accessibility Accessible

St William Apartments

1127 S 17th St, Louisville, Kentucky 40210

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Jackson Woods Apartments

1014 S Jackson St, Louisville, Kentucky 40203

switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Downtown Scholar House

920 S. First St, Louisville, Kentucky 40203

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Woodbourne House

2024 Woodford Pl, Louisville, Kentucky 40205

switch_access_shortcut Short Wait
accessibility Accessible

Farmdale Adult Citizens Towers

6440 Outer Loop, Louisville, Kentucky 40228

bed 1
switch_access_shortcut Short Wait

SOCAYR Single Family Homes/CRPS

2203 Wilson Ave, Louisville, Kentucky 40210

switch_access_shortcut Short Wait
accessibility Accessible

How To Identify Affordable Housing in Louisville, 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.
Open Until Further Notice
cloud_download

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Louisville, Kentucky
$24.64/hour
$17.39 (+240%) more than Kentucky minimum wage and $17.39 (+240%) more than the Federal minimum wage.
Learn More About Louisville, Kentucky Affordable Housing ↓

What HUD offices serve Louisville, 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, Family Self-Sufficiency, Moving to Work, Veteran Affairs Supportive Housing (VASH) programs for Louisville, Kentucky.

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

How many renters live in Louisville, Kentucky?

The City of Louisville has people living in households.

There are renters living in renter households in this City. Renters make up 33.46 percent of the population living in Louisville.

What is the rental market like in Louisville, Kentucky?

There are an estimated housing units in the Louisville area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Louisville, Kentucky, there are 1.05 rental units.

What is the vacancy rate for rentals in Louisville?

The rental vacancy rate in Louisville 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 Louisville for each bedroom size?

Occupied Rental Units by Size in Louisville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
4,492 30,885 42,869 20,001 3,611
Occupied Rental Units by Size in Louisville

A large number of apartments in Louisville 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 Louisville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $976 to $1,955. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $976
One BR $1,077
Two BR $1,301
Three BR $1,701
Four BR $1,955
2024 Fair Market Rents in Louisville, Kentucky

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

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 3,116 69 percent
One BR 22,294 72 percent
Two BR 28,748 67 percent
Rental Units Below FMR in Louisville, Kentucky

How many affordable rental units are in Louisville?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Mod Rehab 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 Louisville, Kentucky

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

Income Based Apartments in Louisville, Kentucky

Louisville features 9,728 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 Louisville, Kentucky

There are 5,759 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Louisville.

Housing Choice Vouchers in Louisville, Kentucky

On average, Section 8 Housing Choice vouchers pay Louisville landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Louisville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Louisville, Kentucky for a two-bedroom apartment is between $1,171 and $1,431.

Sourced from federal housing data and AffordableHousingOnline.com research.

Email Signup
Don't Miss A Waiting List Opening