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

Discover affordable housing in Pikeville where there are 12+ 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.

Carl D. Perkins Towers

200 Douglas Pkwy, Pikeville, Kentucky 41501

Forest Trace Apartments

106 Forest Trace Hl, Pikeville, Kentucky 41535

Douglas Elkhorn Apartments

148 Douglas Pkwy, Pikeville, Kentucky 41501

Myers Towers

748 Hambley Blvd, Pikeville, Kentucky 41501

Northgate II

142 Northgate Drive, Pikeville, Kentucky

Douglas Apts II

148 Douglas Park, Pikeville, Kentucky

Pike Villa Apts

130 Claire Lane #803, Pikeville, Kentucky

Northgate I

142 Northgate Drive, Pikeville, Kentucky

Douglas Apts I

148 Douglas Park, Pikeville, Kentucky

Kentucky Avenue Phase IV

Kentucky Ave, Pikeville, Kentucky 41501

Fairview Court

109 Phyllis Ln, Pikeville, Kentucky 41501

Kentucky Ave Phase II

112 Kentucky Ave, Pikeville, Kentucky 41501

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 Pikeville, Kentucky
$17.25/hour
$10.00 (+138%) more than Kentucky minimum wage and $10.00 (+138%) more than the Federal minimum wage.
Learn More About Pikeville, Kentucky Affordable Housing ↓

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

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

How many renters live in Pikeville, Kentucky?

The City of Pikeville has 7,563 people living in 3,078 households.

There are 3,591 renters living in 1,864 renter households in this City. Renters make up 47.48 percent of the population living in Pikeville.

What is the rental market like in Pikeville, Kentucky?

There are an estimated 3,409 housing units in the Pikeville area. Of these, 1,985 units are rental homes, making up 58 percent of the housing market. For every renter household in Pikeville, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Pikeville?

The rental vacancy rate in Pikeville 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 Pikeville for each bedroom size?

Occupied Rental Units by Size in Pikeville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
334 389 798 269 48
Occupied Rental Units by Size in Pikeville

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

Among renter households in this market, 36 percent have housing cost burden. Further, 24 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 Pikeville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $660 to $1,324. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $660
One BR $784
Two BR $911
Three BR $1,102
Four BR $1,324
2024 Fair Market Rents in Pikeville, Kentucky

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

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 159 48 percent
One BR 268 69 percent
Two BR 454 57 percent
Rental Units Below FMR in Pikeville, Kentucky

How many affordable rental units are in Pikeville?

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

Federal Program Unit Count
Public Housing 327
USDA Section 515 Rural Rental Housing 72
Tracked Units by Federal Program in Pikeville, Kentucky

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

Income Based Apartments in Pikeville, Kentucky

Pikeville features 884 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 Pikeville, Kentucky

There are 116 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pikeville.

Housing Choice Vouchers in Pikeville, Kentucky

On average, Section 8 Housing Choice vouchers pay Pikeville landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Pikeville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Pikeville, Kentucky for a two-bedroom apartment is between $820 and $1,002.

Sourced from federal housing data and AffordableHousingOnline.com research.