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

Discover affordable housing in Louisville where there are 263+ 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.

Bradford Pointe Apartments

1519 Crums Ln, Louisville, Kentucky 40216

Village Manor Apartments

107 Fenley Ave, Louisville, Kentucky 40207

Hampton Place Apartments Phase I

1631 W Madison St, Louisville, Kentucky 40203

Thompson - Woodlief Apartments

1700 Linda House Way, Louisville, Kentucky 40213

Adams - Bodine Apartments

1810 Millers Ln, Louisville, Kentucky 40216

Dream Works

419 Bauer Ave, Louisville, Kentucky 40207

Hagan - Trabue Apartments

2600 Edsil Johnson Way, Louisville, Kentucky 40216

St Matthias Unity Manor

2206 Dixie Hwy, Louisville, Kentucky 40210

Anderson Place

6701 Sappenfield Way, Louisville, Kentucky 40272

Cedar Lake - St Matthews

200 S Sherrin Ave, Louisville, Kentucky 40207

Mullins - Roberts Apartments

3241 Young Ave, Louisville, Kentucky 40211

Building Dreams

8715 Bayberry Pl, Louisville, Kentucky 40242

Edsils Place Apartments

5700 Tommy Tucker Way, Louisville, Kentucky 40216

St Cecilia Senior Housing

2530 Slevin St, Louisville, Kentucky 40212

Chapel House - Louisville

945 S 5th St, Louisville, Kentucky 40203

Friendship House, Louisville

960 S 4th St, Louisville, Kentucky 40203

Wellesley Townhouses ( Osage II )

1600 S 2nd St, Louisville, Kentucky 40208

Carpenters Apartments

3524 Georgetown Cir, Louisville, Kentucky 40215

Tranquil House

1035 S Preston St, Louisville, Kentucky 40203

The Jim Cain Home

725 E Chestnut St, Louisville, Kentucky 40202

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 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 624,450 people living in 269,210 households.

There are 208,943 renters living in 103,131 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 288,933 housing units in the Louisville area. Of these, 108,509 units are rental homes, making up 38 percent of the housing market. For every renter household in Louisville, Kentucky, there are 1 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 many renter households in Louisville are overburdened by housing costs?

Among renter households in this market, 46 percent have housing cost burden. Further, 25 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 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 7,438
Public Housing 232
Section 8 Project-Based Rental Assistance 737
Mod Rehab Project-Based Rental Assistance 71
Section 202 Supportive Housing for the Elderly 231
Section 811 Supportive Housing for Persons with Disabilities 74
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.