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

Discover affordable housing in Murray where there are 10+ 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.

Essex Downs Apartments

1511 Duiguid Dr, Murray, Kentucky 42071

Calloway Gardens Apartments

1505 Duiguid Dr, Murray, Kentucky 42071

Forest View Apartments

1213 N 16th St, Murray, Kentucky 42071

Tanglewood Apartments

1750 Lowes Dr, Murray, Kentucky 42071

Wesley at Murray

440 Utterback Rd, Murray, Kentucky 42071

University Heights Apartments

1734 Campbell St, Murray, Kentucky 42071

University Heights

1734 Campbell St, Murray, Kentucky

Mur-Cal Apartments

902 Northwood Dr, Murray, Kentucky

Hurt Drive

623 Broad St, Murray, Kentucky 42071

Purchase Community Housing Dev. Corp.

1408 Diuguid Dr, Murray, Kentucky 42071

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Murray, Kentucky
$20.15/hour
$12.90 (+178%) more than Kentucky minimum wage and $12.90 (+178%) more than the Federal minimum wage.
Learn More About Murray, Kentucky Affordable Housing ↓

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

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

How many renters live in Murray, Kentucky?

The City of Murray has 17,414 people living in 6,611 households.

There are 7,940 renters living in 3,929 renter households in this City. Renters make up 45.6 percent of the population living in Murray.

What is the rental market like in Murray, Kentucky?

There are an estimated 7,771 housing units in the Murray area. Of these, 4,411 units are rental homes, making up 57 percent of the housing market. For every renter household in Murray, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Murray?

The rental vacancy rate in Murray is 9 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Murray for each bedroom size?

Occupied Rental Units by Size in Murray
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
118 1,265 1,417 892 227
Occupied Rental Units by Size in Murray

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

Among renter households in this market, 44 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 Murray

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $778 to $1,417. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $778
One BR $810
Two BR $1,064
Three BR $1,287
Four BR $1,417
2024 Fair Market Rents in Murray, Kentucky

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

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 118 100 percent
One BR 981 78 percent
Two BR 849 60 percent
Rental Units Below FMR in Murray, Kentucky

How many affordable rental units are in Murray?

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

Federal Program Unit Count
Low Income Housing Tax Credit 64
Public Housing 205
Section 202 Supportive Housing for the Elderly 47
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Murray, Kentucky

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

Income Based Apartments in Murray, Kentucky

Murray features 388 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 Murray, Kentucky

There are 95 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Murray.

Housing Choice Vouchers in Murray, Kentucky

On average, Section 8 Housing Choice vouchers pay Murray landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Murray.

The maximum amount a voucher would pay on behalf of a low-income tenant in Murray, Kentucky for a two-bedroom apartment is between $958 and $1,170.

Sourced from federal housing data and AffordableHousingOnline.com research.