Low Income Apartments and Affordable Housing For Rent in Russellville, KY

Discover affordable housing in Russellville 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.

Logan Heights Apartments

928 W 9th St, Russellville, Kentucky 42276

Maple Grove Apartments

915 W 9th St, Russellville, Kentucky 42276

Southern Villa Apartments

250 Highland Lick Road, Russellville, Kentucky 42276

Russellville Senior Housing

108 Boyles Dr, Russellville, Kentucky 42276

Russellville Residence

105 Edgewood Dr, Russellville, Kentucky 42276

Robinwood Park

260 Highland Lick Rd, Russellville, Kentucky 42276

Twinbrooks

600 Fuqua St, Russellville, Kentucky 42276

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

What HUD offices serve Russellville, 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 Public Housing programs for Russellville, Kentucky.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Russellville, Kentucky.

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

How many renters live in Russellville, Kentucky?

The City of Russellville has 7,186 people living in 3,003 households.

There are 3,763 renters living in 1,523 renter households in this City. Renters make up 52.37 percent of the population living in Russellville.

What is the rental market like in Russellville, Kentucky?

There are an estimated 3,463 housing units in the Russellville area. Of these, 1,622 units are rental homes, making up 47 percent of the housing market. For every renter household in Russellville, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Russellville?

The rental vacancy rate in Russellville 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 Russellville for each bedroom size?

Occupied Rental Units by Size in Russellville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
91 250 676 416 71
Occupied Rental Units by Size in Russellville

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

Among renter households in this market, 37 percent have housing cost burden. Further, 12 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 Russellville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $616 to $1,442. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $616
One BR $660
Two BR $850
Three BR $1,184
Four BR $1,442
2024 Fair Market Rents in Russellville, Kentucky

How many units are rented at Fair Market Rent (FMR) in Russellville?

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 91 100 percent
One BR 219 88 percent
Two BR 582 86 percent
Rental Units Below FMR in Russellville, Kentucky

How many affordable rental units are in Russellville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 56
Public Housing 170
Section 8 Project-Based Rental Assistance 79
Section 202 Supportive Housing for the Elderly 20
Section 811 Supportive Housing for Persons with Disabilities 7
USDA Section 515 Rural Rental Housing 56
Tracked Units by Federal Program in Russellville, Kentucky

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

Income Based Apartments in Russellville, Kentucky

Russellville features 390 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 Russellville, Kentucky

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

Housing Choice Vouchers in Russellville, Kentucky

On average, Section 8 Housing Choice vouchers pay Russellville landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Russellville.

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

Sourced from federal housing data and AffordableHousingOnline.com research.