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

Discover affordable housing in Morgantown where there are 11+ 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.

Sunmark Apartments

16 Brittney Way, Morgantown, Kentucky 42261

Butler Manor

S Tyler St, Morgantown, Kentucky 42261

Jenny Lynn Apartments

S Teddy Ave, Morgantown, Kentucky 42261

Sunmark Apartments

500 Boat Factory Rd, Morgantown, Kentucky 42261

Oak Hill Apartments

155 Oak Hill Dr, Morgantown, Kentucky 42261

Oak Valley Apartments

250 Oak Valley Dr, Morgantown, Kentucky 42261

Green River Manor

100 Oak Valley Drive, Morgantown, Kentucky

Huff - Ingram

101 Kent Manor Dr, Morgantown, Kentucky 42261

Jenny Lynn Prop Ltd

1001 Old Hartford Rd, Morgantown, Kentucky 0

Butler Properties Ltd

222 S Tyler St, Morgantown, Kentucky 42261

Green Acres Apartments

204 N Warren St, Morgantown, Kentucky 42261

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Morgantown, Kentucky
$16.10/hour
$8.85 (+122%) more than Kentucky minimum wage and $8.85 (+122%) more than the Federal minimum wage.
Learn More About Morgantown, Kentucky Affordable Housing ↓

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

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

How many renters live in Morgantown, Kentucky?

The City of Morgantown has 2,734 people living in 982 households.

There are 1,686 renters living in 651 renter households in this City. Renters make up 61.67 percent of the population living in Morgantown.

What is the rental market like in Morgantown, Kentucky?

There are an estimated 1,079 housing units in the Morgantown area. Of these, 662 units are rental homes, making up 61 percent of the housing market. For every renter household in Morgantown, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Morgantown?

The rental vacancy rate in Morgantown is 2 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 Morgantown for each bedroom size?

Occupied Rental Units by Size in Morgantown
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 130 355 147 19
Occupied Rental Units by Size in Morgantown

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

Among renter households in this market, 40 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 Morgantown

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $638 to $1,442. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $638
One BR $647
Two BR $850
Three BR $1,198
Four BR $1,442
2024 Fair Market Rents in Morgantown, Kentucky

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

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
One BR 120 92 percent
Two BR 309 87 percent
Rental Units Below FMR in Morgantown, Kentucky

How many affordable rental units are in Morgantown?

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

Federal Program Unit Count
Low Income Housing Tax Credit 152
Public Housing 178
Section 8 Project-Based Rental Assistance 64
USDA Section 515 Rural Rental Housing 82
Tracked Units by Federal Program in Morgantown, Kentucky

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

Income Based Apartments in Morgantown, Kentucky

Morgantown features 297 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 Morgantown, Kentucky

There are 130 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Morgantown.

Housing Choice Vouchers in Morgantown, Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Morgantown, Kentucky for a two-bedroom apartment is between $765 and $935.

Sourced from federal housing data and AffordableHousingOnline.com research.