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

Discover affordable housing in Winchester where there are 14+ 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.

Oliver School Apartments

Oliver St, Winchester, Kentucky 40391

Brown Proctor Apartments

108 S Main St, Winchester, Kentucky 40391

Cambridge Square Apartments

300 C G Stephenson Dr, Winchester, Kentucky 40391

Westwood Apartments

900 Westwood Dr, Winchester, Kentucky 40391

Beverly P White Towers

4 N Maple St, Winchester, Kentucky 40391

Burchwood of Berea

50 N Main St , Winchester, Kentucky 40391

Yeiser Industrial Park

4851 Rockwell Road, Winchester, Kentucky 40391

Apple Ridge Single Family Homes Lp

500 Acadia Way, Winchester, Kentucky 40391

Andover Estates ( Fka Winchester S F. Homes )

Andover and Whitney Sts, Winchester, Kentucky 40392

Smith P. Kerr Building

N Main St, Winchester, Kentucky 40391

Fort Estill Subdivision

Buffalo Trace, Winchester, Kentucky 40391

Smith Manor and Sequoia Village

201 Ridgeway Dr, Winchester, Kentucky 40391

Memorial Park

1 Memorial Park, Winchester, Kentucky 40391

Winchester Hills Apartments I

200 Hubbard Rd, Winchester, Kentucky 40391

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Winchester, Kentucky
$22.29/hour
$15.04 (+207%) more than Kentucky minimum wage and $15.04 (+207%) more than the Federal minimum wage.
Learn More About Winchester, Kentucky Affordable Housing ↓

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

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

How many renters live in Winchester, Kentucky?

The City of Winchester has 19,080 people living in 8,036 households.

There are 7,267 renters living in 3,227 renter households in this City. Renters make up 38.09 percent of the population living in Winchester.

What is the rental market like in Winchester, Kentucky?

There are an estimated 9,009 housing units in the Winchester area. Of these, 3,244 units are rental homes, making up 36 percent of the housing market. For every renter household in Winchester, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Winchester?

The rental vacancy rate in Winchester is 1 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 Winchester for each bedroom size?

Occupied Rental Units by Size in Winchester
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
212 656 1,377 805 161
Occupied Rental Units by Size in Winchester

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

Among renter households in this market, 47 percent have housing cost burden. Further, 18 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 Winchester

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $802 to $1,807. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $802
One BR $983
Two BR $1,177
Three BR $1,599
Four BR $1,807
2024 Fair Market Rents in Winchester, Kentucky

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

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 185 87 percent
One BR 635 97 percent
Two BR 1,131 82 percent
Rental Units Below FMR in Winchester, Kentucky

How many affordable rental units are in Winchester?

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

Federal Program Unit Count
Low Income Housing Tax Credit 151
Public Housing 400
Section 8 Project-Based Rental Assistance 313
Section 811 Supportive Housing for Persons with Disabilities 10
Tracked Units by Federal Program in Winchester, Kentucky

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

Income Based Apartments in Winchester, Kentucky

Winchester features 718 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 Winchester, Kentucky

There are 142 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Winchester.

Housing Choice Vouchers in Winchester, Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Winchester, Kentucky for a two-bedroom apartment is between $1,059 and $1,295.

Sourced from federal housing data and AffordableHousingOnline.com research.