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

Discover affordable housing in Greenup County where there are 11+ 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.

Raceland Meadows

518 Raceland Meadows Dr, Raceland, Kentucky 41169

Holley Manor

704 Eunice St, South Shore, Kentucky 41175

Brentwood Apartments II

605 Powell Ln, Flatwoods, Kentucky 41139

Holley Manor Annex

600 Eunice St, South Shore, Kentucky 41175

Brentwood Apartments III Ltd

1801 Clay St, Flatwoods, Kentucky 41139

Tygart Creek Townhomes

324 Tygart Creek Pl, South Shore, Kentucky 41175

Brentwood Apartments III

1701 Clay St, Flatwoods, Kentucky 41139

Pleasant View Apartments, Inc

2719 Fields Ave, Flatwoods, Kentucky 41139

Riverwood Apts

901 Powell Lane, Flatwoods, Kentucky

Windy Hills Apts

2416 Nolan Drive, Flatwoods, Kentucky

Bay Berry Townhomes

110 E St, Flatwoods, Kentucky 41139

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Greenup County, Kentucky
$17.77/hour
$10.52 (+145%) more than Kentucky minimum wage and $10.52 (+145%) more than the Federal minimum wage.
Learn More About Greenup County, Kentucky Affordable Housing ↓

How many renters live in Greenup County, Kentucky?

The County of Greenup County has 35,853 people living in 14,478 households.

There are 6,884 renters living in 3,057 renter households in this County. Renters make up 19.2 percent of the population living in Greenup County.

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

There are an estimated 16,248 housing units in the Greenup County area. Of these, 3,342 units are rental homes, making up 21 percent of the housing market. For every renter household in Greenup County, Kentucky, there are 1 rental units.

What is the vacancy rate for rentals in Greenup County?

The rental vacancy rate in Greenup County is 9 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 Greenup County for each bedroom size?

Occupied Rental Units by Size in Greenup County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
154 243 1,338 1,116 167
Occupied Rental Units by Size in Greenup County

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

Among renter households in this market, 36 percent have housing cost burden. Further, 20 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 Greenup County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $793 to $1,431. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $793
One BR $815
Two BR $938
Three BR $1,236
Four BR $1,431
2024 Fair Market Rents in Greenup County, Kentucky

How many units are rented at Fair Market Rent (FMR) in Greenup 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 81 53 percent
One BR 146 60 percent
Two BR 944 71 percent
Rental Units Below FMR in Greenup County, Kentucky

How many affordable rental units are in Greenup County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 254
Section 8 Project-Based Rental Assistance 129
USDA Section 515 Rural Rental Housing 156
Tracked Units by Federal Program in Greenup County, Kentucky

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

Income Based Apartments in Greenup County, Kentucky

Greenup County features 201 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 Greenup County, Kentucky

There are 137 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Greenup County.

Housing Choice Vouchers in Greenup County, Kentucky

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Greenup County, Kentucky for a two-bedroom apartment is between $844 and $1,032.

Sourced from federal housing data and AffordableHousingOnline.com research.