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

Discover affordable housing in Rockcastle County where there are 11+ 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.

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

What HUD offices serve Rockcastle 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 Rockcastle County, Kentucky.

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

How many renters live in Rockcastle County, Kentucky?

The County of Rockcastle County has 16,171 people living in 6,380 households.

There are 3,533 renters living in 1,529 renter households in this County. Renters make up 21.85 percent of the population living in Rockcastle County.

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

There are an estimated 7,353 housing units in the Rockcastle County area. Of these, 1,597 units are rental homes, making up 22 percent of the housing market. For every renter household in Rockcastle County, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Rockcastle County?

The rental vacancy rate in Rockcastle County is 4 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 Rockcastle County for each bedroom size?

Occupied Rental Units by Size in Rockcastle County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
38 234 618 536 7
Occupied Rental Units by Size in Rockcastle County

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

Among renter households in this market, 24 percent have housing cost burden. Further, 15 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 Rockcastle County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $616 to $1,156. 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 $1,130
Four BR $1,156
2024 Fair Market Rents in Rockcastle County, Kentucky

How many units are rented at Fair Market Rent (FMR) in Rockcastle 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 3 8 percent
One BR 130 56 percent
Two BR 362 59 percent
Rental Units Below FMR in Rockcastle County, Kentucky

How many affordable rental units are in Rockcastle County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 171
Public Housing 30
Section 8 Project-Based Rental Assistance 154
USDA Section 515 Rural Rental Housing 144
Tracked Units by Federal Program in Rockcastle County, Kentucky

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

Income Based Apartments in Rockcastle County, Kentucky

Rockcastle County features 320 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 Rockcastle County, Kentucky

There are 29 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rockcastle County.

Housing Choice Vouchers in Rockcastle County, Kentucky

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.