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

Discover affordable housing in Boone County where there are 23+ 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.

Scheper Ridge

1200 Bill Wentz Drive, Florence, Kentucky 41042

Burlington Terrace Apartments, Phase I

2895 Douglas Dr, Burlington, Kentucky 41005

Burlington Terrace Apartments, Phase II

2895 Douglas Dr, Burlington, Kentucky 41005

Arcadia Park Apartments I and II

100 Christian Dr, Florence, Kentucky 41042

Aldersgate Apartments

8551 Aldersgate Drive, Florence, Kentucky 41042

Arcadia Park Apartments III

300 Christian Dr, Florence, Kentucky 41042

Dixie Apartments

7825 Riehl Dr, Florence, Kentucky 41042

Brookview Townhouses

12661 Dixie Highway, Walton, Kentucky 41094

Towne Creek Crossing Apartments

13160 Service Rd, Walton, Kentucky 41094

Country Place Apartments

3023 Country Place Ct, Hebron, Kentucky 41048

Panorama Plus Apartments

8510 Old Toll Rd, Florence, Kentucky 41042

South Pointe

6032 Southpointe Dr, Burlington, Kentucky 41005

Voa Orv Morningside Drive

6742 Hopeful Rd, Florence, Kentucky 41042

Voa Orv - Hopeful Road, Inc

6772 Hopeful Rd, Florence, Kentucky 41042

Brighton Recovery Center

Weaver Rd, Florence, Kentucky 41042

Wynnbrook Pines ( Wildewood Apartments )

3910 Wynnbrook Dr, Florence, Kentucky 41042

Sparrow Ridge

2375 SouthPark Drive, Hebron, Kentucky 41048

Walton Commons Apts

25 Kuchle Dr, Walton, Kentucky

Brookview Townhomes

12661 Dixie Highway, Walton, Kentucky

Walton Townhome Apt

25 Kuchle Dr, Walton, Kentucky

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 Boone County, Kentucky
$22.63/hour
$15.38 (+212%) more than Kentucky minimum wage and $15.38 (+212%) more than the Federal minimum wage.
Learn More About Boone County, Kentucky Affordable Housing ↓

What HUD offices serve Boone 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 Boone County, Kentucky.

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

How many renters live in Boone County, Kentucky?

The County of Boone County has 139,093 people living in 52,041 households.

There are 24,839 renters living in 11,530 renter households in this County. Renters make up 17.86 percent of the population living in Boone County.

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

There are an estimated 51,773 housing units in the Boone County area. Of these, 12,401 units are rental homes, making up 24 percent of the housing market. For every renter household in Boone County, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Boone County?

The rental vacancy rate in Boone County is 3 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 Boone County for each bedroom size?

Occupied Rental Units by Size in Boone County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
268 2,931 5,101 2,734 562
Occupied Rental Units by Size in Boone County

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

Among renter households in this market, 35 percent have housing cost burden. Further, 21 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 Boone County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $810 to $1,766. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $810
One BR $919
Two BR $1,195
Three BR $1,588
Four BR $1,766
2024 Fair Market Rents in Boone County, Kentucky

How many units are rented at Fair Market Rent (FMR) in Boone 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 209 78 percent
One BR 1,400 48 percent
Two BR 2,223 44 percent
Rental Units Below FMR in Boone County, Kentucky

How many affordable rental units are in Boone County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 829
Section 8 Project-Based Rental Assistance 332
Section 202 Supportive Housing for the Elderly 39
Section 811 Supportive Housing for Persons with Disabilities 3
USDA Section 515 Rural Rental Housing 152
Tracked Units by Federal Program in Boone County, Kentucky

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

Income Based Apartments in Boone County, Kentucky

Boone County features 381 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 Boone County, Kentucky

There are 706 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Boone County.

Housing Choice Vouchers in Boone County, Kentucky

On average, Section 8 Housing Choice vouchers pay Boone County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Boone County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Boone County, Kentucky for a two-bedroom apartment is between $1,076 and $1,315.

Sourced from federal housing data and AffordableHousingOnline.com research.