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Affordable Housing In Russell County
Kentucky

7 Low Income Apartment Communities In Russell County

Baron Hills Apartments

33 Apache Av
Russell Springs, Kentucky

Jamestown Manor

678 S Main St
Jamestown, Kentucky
Subsidized

Russell Springs Manor Associates

85 Main St
Russell Springs, Kentucky
Subsidized

Crystal Springs Apartments

475 Maple St
Russell Springs, Kentucky
Subsidized

Spring Meadow Apts

157 Jamestown Street
Russell Springs, Kentucky

Heavenly Heights

50 Forest Hill Road
Jamestown, Kentucky

Grace Manor Apts

972 Main Street
Russell Springs, Kentucky
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Housing Authorities that serve Russell County

Housing Authority Programs
Kentucky Housing Corporation Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Russell County, Kentucky

There are 7 low income housing apartment communities offering 217 affordable apartments for rent in Russell County, Kentucky.

Income Based Apartments in Russell County, Kentucky

Russell County features 193 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 Russell County, Kentucky

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Russell County.

Housing Choice Vouchers in Russell County, Kentucky

On average, Section 8 Housing Choice vouchers pay Russell County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Russell County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Russell County, Kentucky for a two-bedroom apartment is between $568 and $694.

2020 Russell County, 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
Fair Market Rent $522 $526 $631 $840 $1,108
Payment Standard Range $470 to $574 $473 to $579 $568 to $694 $756 to $924 $997 to $1,219

Sourced from federal housing data and AffordableHousingOnline.com research.

Russell County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 217
Total Housing Units with Rental Assistance 193
Percentage of Housing Units Occupied By Renters 26.57%
Average Renter Household Size 2.52
Average Household Size 2.48
Median Household Income $30,720 ±$1,909
Median Rent $508 ±$24
Percentage Of Renters Overburdened 39.62% ± 7.86pp
Total Population 17,669

Population and Household Demographics

Russell County is a county in Kentucky with a population of 17,669. There are 7,050 households in the county with an average household size of 2.48 persons. 26.57% of households in Russell County are renters.

Income and Rent Overburden in Russell County

The median gross income for households in Russell County is $30,720 a year, or $2,560 a month. The median rent for the county is $508 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Russell County, a household making less than $1,693 a month would be considered overburdened when renting an apartment at or above the median rent. 39.62% of households who rent are overburdened in Russell County.

Area Median Income In Russell County

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.

In Russell County, HUD calculates the Area Median Income for a family of four as $46,000

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 Russell County

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 Russell County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,760 $17,240 $21,720 $26,200 $28,850 $31,000 $33,150 $35,250
50% of Median $18,700 $21,400 $24,050 $26,700 $28,850 $31,000 $33,150 $35,250
80% of Median $29,900 $34,200 $38,450 $42,700 $46,150 $49,550 $52,950 $56,400

Cities In Russell County

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
Jamestown The HUD funded Public Housing Agency that serves Jamestown is the Kentucky Housing Corporation.
Russell Springs The HUD funded Public Housing Agency that serves Russell Springs is the Kentucky Housing Corporation.