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

Discover affordable housing in Russell County where there are 7+ 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.

Baron Hills Apartments

33 Apache Av, Russell Springs, Kentucky 42642

Crystal Springs Apartments

475 Maple St, Russell Springs, Kentucky 42642

Jamestown Manor

678 S Main St, Jamestown, Kentucky 42629

Russell Springs Manor Associates

85 Main St, Russell Springs, Kentucky 42642

Heavenly Heights

50 Forest Hill Road, Jamestown, Kentucky

Spring Meadow Apts

157 Jamestown Street, Russell Springs, Kentucky

Grace Manor Apts

972 Main Street, Russell Springs, Kentucky

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

What HUD offices serve Russell 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 Russell County, Kentucky.

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

How many renters live in Russell County, Kentucky?

The County of Russell County has 18,021 people living in 7,007 households.

There are 4,340 renters living in 1,794 renter households in this County. Renters make up 24.08 percent of the population living in Russell County.

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

There are an estimated 10,102 housing units in the Russell County area. Of these, 1,996 units are rental homes, making up 20 percent of the housing market. For every renter household in Russell County, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Russell County?

The rental vacancy rate in Russell County is 6 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 Russell County for each bedroom size?

Occupied Rental Units by Size in Russell County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
10 247 666 741 111
Occupied Rental Units by Size in Russell County

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

Among renter households in this market, 32 percent have housing cost burden. Further, 16 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 Russell County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $616 to $1,132. 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 $1,043
Four BR $1,132
2024 Fair Market Rents in Russell County, Kentucky

How many units are rented at Fair Market Rent (FMR) in Russell 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 10 100 percent
One BR 228 92 percent
Two BR 540 81 percent
Rental Units Below FMR in Russell County, Kentucky

How many affordable rental units are in Russell County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 48
Public Housing 50
Section 8 Project-Based Rental Assistance 103
USDA Section 515 Rural Rental Housing 114
Tracked Units by Federal Program in Russell County, Kentucky

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

Income Based Apartments in Russell County, Kentucky

Russell County features 217 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 0 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 $765 and $935.

Sourced from federal housing data and AffordableHousingOnline.com research.