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

Discover affordable housing in Salem where there are 1+ 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.

Sunrise Apartments

100 Sunrise Drive, Salem, Kentucky

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

What HUD offices serve Salem, 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 Salem, Kentucky.

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

How many renters live in Salem, Kentucky?

The City of Salem has 879 people living in 297 households.

There are 183 renters living in 77 renter households in this City. Renters make up 20.82 percent of the population living in Salem.

What is the rental market like in Salem, Kentucky?

There are an estimated 356 housing units in the Salem area. Of these, 98 units are rental homes, making up 28 percent of the housing market. For every renter household in Salem, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Salem?

The rental vacancy rate in Salem is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Salem for each bedroom size?

Occupied Rental Units by Size in Salem
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 22 33 17 5
Occupied Rental Units by Size in Salem

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

Among renter households in this market, 39 percent have housing cost burden. Further, 14 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 Salem

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 $663
Two BR $850
Three BR $1,042
Four BR $1,156
2024 Fair Market Rents in Salem, Kentucky

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

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
One BR 11 50 percent
Two BR 22 67 percent
Rental Units Below FMR in Salem, Kentucky

How many affordable rental units are in Salem?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Salem, Kentucky

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

Income Based Apartments in Salem, Kentucky

Salem features 16 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 Salem, Kentucky

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

Housing Choice Vouchers in Salem, Kentucky

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.