Low Income Apartments and Affordable Housing For Rent in Lyon County, KY

Discover affordable housing in Lyon County where there are 3+ 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.

Amber Village

333 Amber Ct, Eddyville, Kentucky 42038

Kenoak Apartments

300 Kenoak Drive, Eddyville, Kentucky

Lyon Co Ha

423 Linden Ave, Eddyville, Kentucky 42038

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lyon County, Kentucky
$16.38/hour
$9.13 (+126%) more than Kentucky minimum wage and $9.13 (+126%) more than the Federal minimum wage.
Learn More About Lyon County, Kentucky Affordable Housing ↓

What HUD offices serve Lyon County, 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 Public Housing programs for Lyon County, Kentucky.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Lyon County, Kentucky.

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

How many renters live in Lyon County, Kentucky?

The County of Lyon County has 8,721 people living in 3,229 households.

There are 1,425 renters living in 583 renter households in this County. Renters make up 16.34 percent of the population living in Lyon County.

What is the rental market like in Lyon County, Kentucky?

There are an estimated 4,788 housing units in the Lyon County area. Of these, 612 units are rental homes, making up 13 percent of the housing market. For every renter household in Lyon County, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Lyon County?

The rental vacancy rate in Lyon County is 5 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 Lyon County for each bedroom size?

Occupied Rental Units by Size in Lyon County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
11 135 205 169 28
Occupied Rental Units by Size in Lyon County

A large number of apartments in Lyon County 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 Lyon County are overburdened by housing costs?

Among renter households in this market, 35 percent have housing cost burden. Further, 19 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 Lyon County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $627 to $1,468. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $627
One BR $658
Two BR $865
Three BR $1,086
Four BR $1,468
2024 Fair Market Rents in Lyon County, Kentucky

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

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 0 100 percent
One BR 85 63 percent
Two BR 157 77 percent
Rental Units Below FMR in Lyon County, Kentucky

How many affordable rental units are in Lyon County?

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

Federal Program Unit Count
Public Housing 93
Section 8 Project-Based Rental Assistance 44
USDA Section 515 Rural Rental Housing 40
Tracked Units by Federal Program in Lyon County, Kentucky

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

Income Based Apartments in Lyon County, Kentucky

Lyon County features 137 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 Lyon County, Kentucky

There are 40 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lyon County.

Housing Choice Vouchers in Lyon County, Kentucky

On average, Section 8 Housing Choice vouchers pay Lyon County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lyon County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lyon County, Kentucky for a two-bedroom apartment is between $779 and $952.

Sourced from federal housing data and AffordableHousingOnline.com research.