Big Hills Apts

307 Marlin Street
Providence, Kentucky

Westview Apartments

401 Gulf St
Providence, Kentucky

Saddle Club Apartments, Ltd

216 Gulf St
Providence, Kentucky
Rent Assisted

There are 0 low-income apartments in Providence that offer reduced rents to eligible households.

Rental assistance programs support 124 low-income homes in Providence where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

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Affordable rent data for some communities last confirmed on April 23rd, 2021. Subdsidized rents typically change once a year based on federal guidance.

Affordable Housing Near Providence

View affordable apartments and waiting lists in cities near Providence

City Apartments
Clay, KY Affordable Housing programs support 2 apartment communities in Clay.
Clay City, KY Affordable Housing programs support 2 apartment communities in Clay City.
Dixon, KY Affordable Housing programs support 1 apartment communities in Dixon.

Public Housing Agencies Serving Providence, 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.

Housing Authority Programs
Housing Authority of Providence Public Housing
Kentucky Housing Corporation Section 8 Housing Choice Voucher (HCV)
Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Providence.

Providence, Kentucky Affordable Housing Data

Income Based Apartments in Providence, Kentucky

Providence features 124 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 Providence, Kentucky

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

Housing Choice Vouchers in Providence, Kentucky

On average, Section 8 Housing Choice vouchers pay Providence landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Providence.

The maximum amount a voucher would pay on behalf of a low-income tenant in Providence, Kentucky for a two-bedroom apartment is between $668 and $816.

2023 Providence, Kentucky Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Providence, Kentucky Fair Market Rent $538 $564 $742 $905 $999
Providence, Kentucky Payment Standard Range $484 to $592 $508 to $620 $668 to $816 $815 to $996 $899 to $1,099

Sourced from federal housing data and research.

Providence, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 124
Total Housing Units with Rental Assistance 124
Percentage of Housing Units Occupied By Renters 32.37%
Average Renter Household Size 2.34
Average Household Size 2.41
Median Household Income $29,459 ±$7,671
Median Rent $490 ±$111
Percentage Of Renters Overburdened 58.55% ± 20.97pp
Total Population 3,125

Population and Household Demographics

Providence is a city in Webster County, Kentucky with a population of 3,125. There are 1,282 households in the city with an average household size of 2.41 persons. 32.37% of households in Providence are renters.

Income and Rent Overburden in Providence

The median gross income for households in Providence is $29,459 a year, or $2,455 a month. The median rent for the city is $490 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Providence, a household making less than $1,633 a month would be considered overburdened when renting an apartment at or above the median rent. 58.55% of households who rent are overburdened in Providence.

Area Median Income In Providence

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Providence, the AMI is calculated from all households within Webster County.

In Providence, HUD calculates the Area Median Income for a family of four as $63,400

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Providence

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Providence

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Providence AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,590 $18,310 $23,030 $27,750 $32,470 $35,300 $37,700 $40,150
50% AMI Income Limits
Renters earning up to 50% of the Providence AMI may qualify for rental assistance programs that target Very Low Income households.
$21,300 $24,350 $27,400 $30,400 $32,850 $35,300 $37,700 $40,150
80% AMI Income Limits
Renters earning up to 80% of the Providence AMI may qualify for rental assistance programs that target Low Income households.
$34,100 $38,950 $43,800 $48,650 $52,550 $56,450 $60,350 $64,250