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

Discover affordable housing in Bourbon County where there are 19+ 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.

Millersburg Place Apartments

804 Main Street, Millersburg, Kentucky 40348

Hopewell Apartments

13 Spears Street, Paris, Kentucky 40362

Rucker Village Apartments

201 Kelly Street, Paris, Kentucky 40361

Bourbon Trace Apartments, Phase II

1940 Cypress Street, Paris, Kentucky 40361

Bourbon Trace Apartments, Phase I

1940 Cypress Street, Paris, Kentucky 40361

Progressive Homes Apartments

428 Hanson St, Paris, Kentucky 40361

Williamsburg Terrace Apartments

101 Williamsburg Ter, Paris, Kentucky 40361

Thoroughbred Acres

1904 Lovers Ln, Paris, Kentucky 40361

Stoner Creek Village Apartments

3299 N Middletown Rd, Paris, Kentucky 40361

Cypress Apartments

120 W 12th St, Paris, Kentucky 40361

Bradford Place Apartments

224 Bradford Ct, Paris, Kentucky 40361

Paris Pointe

100 Lilly Ln, Paris, Kentucky 40361

Kellie Lane

700 Sharon Ln, Paris, Kentucky 40361

Pineview II Apts

100 Pineview Drive, Paris, Kentucky

Bourbon Manor Apts

2 Bank Row, Paris, Kentucky

Pineview Apartments

100 Pineview Drive, Paris, Kentucky

Doe Manor Apts

300 Roeling Acres, Paris, Kentucky

Wabuck Paris Place

Kristen Ln, Paris, Kentucky 40361

Grandview Apartments

28 Horton Dr, Paris, Kentucky 40361

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Bourbon County, Kentucky
$22.29/hour
$15.04 (+207%) more than Kentucky minimum wage and $15.04 (+207%) more than the Federal minimum wage.
Learn More About Bourbon County, Kentucky Affordable Housing ↓

What HUD offices serve Bourbon 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 Bourbon County, Kentucky.

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

How many renters live in Bourbon County, Kentucky?

The County of Bourbon County has 20,228 people living in 8,067 households.

There are 6,958 renters living in 2,848 renter households in this County. Renters make up 34.4 percent of the population living in Bourbon County.

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

There are an estimated 9,134 housing units in the Bourbon County area. Of these, 3,134 units are rental homes, making up 34 percent of the housing market. For every renter household in Bourbon County, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Bourbon County?

The rental vacancy rate in Bourbon County is 8 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 Bourbon County for each bedroom size?

Occupied Rental Units by Size in Bourbon County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
99 588 1,114 867 180
Occupied Rental Units by Size in Bourbon County

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

Among renter households in this market, 39 percent have housing cost burden. Further, 23 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 Bourbon County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $802 to $1,807. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $802
One BR $983
Two BR $1,177
Three BR $1,599
Four BR $1,807
2024 Fair Market Rents in Bourbon County, Kentucky

How many units are rented at Fair Market Rent (FMR) in Bourbon 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 99 100 percent
One BR 505 86 percent
Two BR 969 87 percent
Rental Units Below FMR in Bourbon County, Kentucky

How many affordable rental units are in Bourbon County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 190
Public Housing 131
Section 8 Project-Based Rental Assistance 125
USDA Section 515 Rural Rental Housing 304
Tracked Units by Federal Program in Bourbon County, Kentucky

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

Income Based Apartments in Bourbon County, Kentucky

Bourbon County features 367 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 Bourbon County, Kentucky

There are 300 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bourbon County.

Housing Choice Vouchers in Bourbon County, Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Bourbon County, Kentucky for a two-bedroom apartment is between $1,059 and $1,295.

Sourced from federal housing data and AffordableHousingOnline.com research.