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

Discover affordable housing in McCracken County where there are 17+ 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.

Lone Oak Manor Apartments

650 College Ave, Paducah, Kentucky 42001

Fernwood Homes

710 Lone Oak Rd , Paducah, Kentucky 42002

Irvin Cobb Apartments

600 Broadway St, Paducah, Kentucky 42001

W B Sanders Retirement Center

820 Washington St, Paducah, Kentucky 42003

Jackson House

301 S 9th St, Paducah, Kentucky 42003

Mcauley Manor

631 McAuley Dr, Paducah, Kentucky 42003

Whittier Apartments

1301 N 13th St, Paducah, Kentucky 42001

Brookmeade Apartments

3160 Twinson Ct, Paducah, Kentucky 42001

Elmwood Court

2330 Ohio Street , Paducah, Kentucky 42003

Pierce Lackey

501 Cherry Circle, Paducah, Kentucky 42003

Ella Munal Dolly McNutt Blackburn and Southside Scattered Sites

2010 Hendricks St, Paducah, Kentucky 42003

Anderson Court, HC Mathis and Northside Scattered Sites

800 N 8th St, Paducah, Kentucky 42003

Jetton School Apartments

401 Walter Jetton Blvd, Paducah, Kentucky 42003

Paducah Highland Terrace

1110 Old North Friendship Rd, Paducah, Kentucky 42001

Dudley Court Apartments

801 McGuire Ave, Paducah, Kentucky 42001

Riverwood Group Home

421 S 9th St, Paducah, Kentucky 42003

C Wood Homes

216 Ashbrook St, Paducah, Kentucky 42003

calendar_today Opened: Jan 6
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 McCracken County, Kentucky
$18.79/hour
$11.54 (+159%) more than Kentucky minimum wage and $11.54 (+159%) more than the Federal minimum wage.
Learn More About McCracken County, Kentucky Affordable Housing ↓

What HUD offices serve McCracken 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 Section 8 Housing Choice Voucher (HCV) programs for McCracken County, Kentucky.

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

How many renters live in McCracken County, Kentucky?

The County of McCracken County has 67,490 people living in 26,995 households.

There are 15,277 renters living in 7,489 renter households in this County. Renters make up 22.64 percent of the population living in McCracken County.

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

There are an estimated 32,093 housing units in the McCracken County area. Of these, 9,525 units are rental homes, making up 30 percent of the housing market. For every renter household in McCracken County, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in McCracken County?

The rental vacancy rate in McCracken 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 McCracken County for each bedroom size?

Occupied Rental Units by Size in McCracken County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
534 2,031 4,310 1,903 145
Occupied Rental Units by Size in McCracken County

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

Among renter households in this market, 43 percent have housing cost burden. Further, 16 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 McCracken County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $672 to $1,569. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $672
One BR $755
Two BR $992
Three BR $1,214
Four BR $1,569
2024 Fair Market Rents in McCracken County, Kentucky

How many units are rented at Fair Market Rent (FMR) in McCracken 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 284 53 percent
One BR 1,214 60 percent
Two BR 2,997 70 percent
Rental Units Below FMR in McCracken County, Kentucky

How many affordable rental units are in McCracken County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 212
Public Housing 854
Section 8 Project-Based Rental Assistance 664
Section 202 Supportive Housing for the Elderly 84
Tracked Units by Federal Program in McCracken County, Kentucky

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

Income Based Apartments in McCracken County, Kentucky

McCracken County features 1,813 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 McCracken County, Kentucky

There are 30 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in McCracken County.

Housing Choice Vouchers in McCracken County, Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in McCracken County, Kentucky for a two-bedroom apartment is between $893 and $1,091.

Sourced from federal housing data and AffordableHousingOnline.com research.