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

Discover affordable housing in Nicholas 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.

Green Valley Apartments

149 Green Valley Rd, Carlisle, Kentucky 40311

City View Apartments

111 School Ave, Carlisle, Kentucky 40311

Nicholas Square Apt

327 North Street, Carlisle, Kentucky

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Nicholas County, 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 Nicholas County, Kentucky Affordable Housing ↓

What HUD offices serve Nicholas 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 Nicholas County, Kentucky.

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

How many renters live in Nicholas County, Kentucky?

The County of Nicholas County has 7,613 people living in 2,614 households.

There are 1,712 renters living in 747 renter households in this County. Renters make up 22.49 percent of the population living in Nicholas County.

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

There are an estimated 3,318 housing units in the Nicholas County area. Of these, 764 units are rental homes, making up 23 percent of the housing market. For every renter household in Nicholas County, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Nicholas County?

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

Occupied Rental Units by Size in Nicholas County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
13 192 291 208 43
Occupied Rental Units by Size in Nicholas County

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

Among renter households in this market, 30 percent have housing cost burden. Further, 17 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 Nicholas County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $616 to $1,442. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $616
One BR $647
Two BR $850
Three BR $1,085
Four BR $1,442
2024 Fair Market Rents in Nicholas County, Kentucky

How many units are rented at Fair Market Rent (FMR) in Nicholas 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 13 100 percent
One BR 133 69 percent
Two BR 197 68 percent
Rental Units Below FMR in Nicholas County, Kentucky

How many affordable rental units are in Nicholas County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 19
Section 8 Project-Based Rental Assistance 47
Section 202 Supportive Housing for the Elderly 20
USDA Section 515 Rural Rental Housing 55
Tracked Units by Federal Program in Nicholas County, Kentucky

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

Income Based Apartments in Nicholas County, Kentucky

Nicholas County features 87 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 Nicholas County, Kentucky

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Nicholas County.

Housing Choice Vouchers in Nicholas County, Kentucky

On average, Section 8 Housing Choice vouchers pay Nicholas County landlords $700 per month towards rent. The average voucher holder contributes $200 towards rent in Nicholas County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.