Low Income Apartments For Rent in Lexington, KY

There are 1,713 low-income apartments in Lexington that offer reduced rents to eligible households. Low-income rents in Lexington, Kentucky can range from $597 to $879 depending on the number of bedrooms.

Rental assistance programs support 3,620 low-income homes in Lexington where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $390 towards rent each month.

Affordable rent data for some communities last confirmed on July 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Lexington, 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.

Housing Authority	Programs
Lexington-Fayette Urban County Housing Authority	Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Moving to Work

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

Lexington, Kentucky Affordable Housing Data

Income Based Apartments in Lexington, Kentucky

Lexington features 3,620 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 Lexington, Kentucky

There are 1,713 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lexington.

Housing Choice Vouchers in Lexington, Kentucky

On average, Section 8 Housing Choice vouchers pay Lexington landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Lexington.

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

2024 Lexington, Kentucky Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

	Studio	One BR	Two BR	Three BR	Four BR
Lexington, Kentucky Fair Market Rent	$802	$983	$1,177	$1,599	$1,807
Lexington, Kentucky Payment Standard Range	$722 to $882	$885 to $1,081	$1,059 to $1,295	$1,439 to $1,759	$1,626 to $1,988

Sourced from federal housing data and AffordableHousingOnline.com research.

Lexington, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 177

Total Low Income Apartments 5,480

Total Housing Units with Rental Assistance 3,620

Percentage of Housing Units Occupied By Renters 45.77%

Average Renter Household Size 2.22

Average Household Size 2.35

Median Household Income $49,778 ±$810

Median Rent $778 ±$11

Percentage Of Renters Overburdened 47.06% ± 1.58pp

Total Population 308,306

Total Affordable Apartment Properties	177
Total Low Income Apartments	5,480
Total Housing Units with Rental Assistance	3,620
Percentage of Housing Units Occupied By Renters	45.77%
Average Renter Household Size	2.22
Average Household Size	2.35
Median Household Income	$49,778 ±$810
Median Rent	$778 ±$11
Percentage Of Renters Overburdened	47.06% ± 1.58pp
Total Population	308,306

Population and Household Demographics

Lexington is a city in Fayette County, Kentucky with a population of 308,306. There are 125,752 households in the city with an average household size of 2.35 persons. 45.77% of households in Lexington are renters.

Income and Rent Overburden in Lexington

The median gross income for households in Lexington is $49,778 a year, or $4,148 a month. The median rent for the city is $778 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lexington, a household making less than $2,593 a month would be considered overburdened when renting an apartment at or above the median rent. 47.06% of households who rent are overburdened in Lexington.

Area Median Income In Lexington

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Lexington, the AMI is calculated from all households within Fayette County.

In Lexington, HUD calculates the Area Median Income for a family of four as $93,400

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Lexington

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Lexington

	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30% AMI Income Limits Renters earning up to 30% of the Lexington AMI may qualify for rental assistance programs that target Extremely Low Income households.	$18,800	$21,450	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the Lexington AMI may qualify for rental assistance programs that target Very Low Income households.	$31,300	$35,750	$40,200	$44,650	$48,250	$51,800	$55,400	$58,950
80% AMI Income Limits Renters earning up to 80% of the Lexington AMI may qualify for rental assistance programs that target Low Income households.	$50,050	$57,200	$64,350	$71,450	$77,200	$82,900	$88,600	$94,350