Low Income Apartments For Rent in Springfield, KY

Rental assistance programs support 95 low-income homes in Springfield where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $278 towards rent each month.

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

Public Housing Agencies Serving Springfield, 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
Housing Authority of Springfield	Section 8 Housing Choice Voucher (HCV); Public Housing

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

Springfield, Kentucky Affordable Housing Data

Income Based Apartments in Springfield, Kentucky

Springfield features 95 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 Springfield, Kentucky

There are 30 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Springfield.

Housing Choice Vouchers in Springfield, Kentucky

On average, Section 8 Housing Choice vouchers pay Springfield landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Springfield.

The maximum amount a voucher would pay on behalf of a low-income tenant in Springfield, Kentucky for a two-bedroom apartment is between $816 and $998.

2024 Springfield, 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
Springfield, Kentucky Fair Market Rent	$657	$690	$907	$1,097	$1,295
Springfield, Kentucky Payment Standard Range	$591 to $723	$621 to $759	$816 to $998	$987 to $1,207	$1,166 to $1,425

Sourced from federal housing data and AffordableHousingOnline.com research.

Springfield, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 3

Total Low Income Apartments 125

Total Housing Units with Rental Assistance 95

Percentage of Housing Units Occupied By Renters 45.04%

Average Renter Household Size 2.17

Average Household Size 2.43

Median Household Income $33,654 ±$9,775

Median Rent $514 ±$78

Percentage Of Renters Overburdened 43.88% ± 12.5pp

Total Population 2,955

Total Affordable Apartment Properties	3
Total Low Income Apartments	125
Total Housing Units with Rental Assistance	95
Percentage of Housing Units Occupied By Renters	45.04%
Average Renter Household Size	2.17
Average Household Size	2.43
Median Household Income	$33,654 ±$9,775
Median Rent	$514 ±$78
Percentage Of Renters Overburdened	43.88% ± 12.5pp
Total Population	2,955

Population and Household Demographics

Springfield is a city in Washington County, Kentucky with a population of 2,955. There are 1,088 households in the city with an average household size of 2.43 persons. 45.04% of households in Springfield are renters.

Income and Rent Overburden in Springfield

The median gross income for households in Springfield is $33,654 a year, or $2,805 a month. The median rent for the city is $514 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Springfield, a household making less than $1,713 a month would be considered overburdened when renting an apartment at or above the median rent. 43.88% of households who rent are overburdened in Springfield.

Area Median Income In Springfield

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 Springfield, the AMI is calculated from all households within Washington County.

In Springfield, HUD calculates the Area Median Income for a family of four as $84,700

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 Springfield

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 Springfield

	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 Springfield AMI may qualify for rental assistance programs that target Extremely Low Income households.	$15,900	$19,720	$24,860	$30,000	$35,140	$40,280	$45,420	$49,850
50% AMI Income Limits Renters earning up to 50% of the Springfield AMI may qualify for rental assistance programs that target Very Low Income households.	$26,450	$30,200	$34,000	$37,750	$40,800	$43,800	$46,850	$49,850
80% AMI Income Limits Renters earning up to 80% of the Springfield AMI may qualify for rental assistance programs that target Low Income households.	$42,300	$48,350	$54,400	$60,400	$65,250	$70,100	$74,900	$79,750