Renting · Section 8
Data from November 2026
Renting in Fayette County, Kentucky
Fayette County has a HUD fair market rent of $1,416 a month for 2 bedrooms (Fiscal year 2027). Renter households here pay a typical rent of $1,164 a month (Average 2020–2024). Paying the fair market rent without going over 30% of income takes $27.23 an hour, full time.
Four numbers to start with
- Fair market rent, 2 bedrooms
- $1,416
- a month, HUD, Fiscal year 2027
- 23% more than in Kentucky
- Typical rent
- $1,164
- a month, Census, Average 2020–2024
- 20% more than in Kentucky
- Wage needed
- $27.23
- an hour, 2 bedrooms
- Or $56,640 a year, to spend no more than 30% of income on rent.
- Rent-burdened households
- 50%
- spend 30% or more of income on rent
- 10% more than in Kentucky
Only here
Renting in Fayette County: what sets it apart
What this place has that others do not, from public data, most unusual first.
-
At 54%, Fayette County ranks 2nd among the 120 counties in Kentucky for the lowest homeownership rate.
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At $1,164, Fayette County ranks 4th among the 118 counties in Kentucky with this figure for the highest typical rent.
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Nearby, in Bourbon County, the typical rent is $822: 29% less than in Fayette County ($1,164).
Sources: U.S. Census Bureau (Average 2020–2024).
Fair market rent
What HUD sets for each size
Every year HUD (the U.S. Department of Housing and Urban Development) publishes a Fair Market Rent (FMR) for each home size in Fayette County. It is used to work out how much a Section 8 voucher covers. The table shows what you need to earn to pay it without spending more than 30% of income.
The fair market rent covers rent plus basic utilities, except the phone. HUD generally sets it at the 40th percentile: 4 in 10 standard-quality homes rented recently cost less. 24 CFR §888.113(a)
According to Zillow (ZORI), the typical asking rent in Fayette County was $1,628 a month in September 2026: 3.9% more than 12 months ago. It is an index of market listings, not a HUD limit. Zillow data
| Size | Fair rent per month | Hourly wage | Income needed per year |
|---|---|---|---|
| Studio | $986 | $18.96 | $39,440 |
| 1 bedroom | $1,205 | $23.17 | $48,200 |
| 2 bedrooms | $1,416 | $27.23 | $56,640 |
| 3 bedrooms | $1,948 | $37.46 | $77,920 |
| 4 bedrooms | $2,108 | $40.54 | $84,320 |
HUD area: Lexington-Fayette, KY MSA. Source: HUD, Fiscal year 2027
By ZIP code
The fair market rent for your ZIP code
HUD also publishes fair market rents by ZIP code (Small Area FMRs) for 16 ZIP codes in Fayette County (Fiscal year 2027). Type yours to see it.
For 2 bedrooms they run from $1,190 in 40504 to $1,980 in 40514. 9 ZIP codes are above the county's fair market rent ($1,416).
Where HUD designates these areas, or where the housing agency chooses to use them, the voucher is figured on the ZIP code's rent instead of the county's. Ask your agency which one it uses. 24 CFR §982.503(a)(1)
| 40502 | $950 | $1,170 | $1,370 | $1,890 | $2,040 |
|---|---|---|---|---|---|
| 40503 | $1,010 | $1,230 | $1,450 | $2,000 | $2,160 |
| 40504 | $830 | $1,010 | $1,190 | $1,640 | $1,770 |
| 40505 | $840 | $1,020 | $1,200 | $1,650 | $1,790 |
| 40507 | $860 | $1,050 | $1,230 | $1,690 | $1,830 |
| 40508 | $970 | $1,180 | $1,390 | $1,910 | $2,070 |
| 40509 | $1,230 | $1,500 | $1,760 | $2,420 | $2,620 |
| 40510 | $1,100 | $1,340 | $1,580 | $2,170 | $2,350 |
| 40511 | $1,090 | $1,330 | $1,560 | $2,150 | $2,320 |
| 40513 | $1,250 | $1,530 | $1,800 | $2,480 | $2,680 |
| 40514 | $1,380 | $1,690 | $1,980 | $2,720 | $2,950 |
| 40515 | $1,180 | $1,440 | $1,690 | $2,330 | $2,520 |
| 40516 | $970 | $1,180 | $1,390 | $1,910 | $2,070 |
| 40517 | $1,040 | $1,270 | $1,490 | $2,050 | $2,220 |
| 40526 | $970 | $1,180 | $1,390 | $1,910 | $2,070 |
| 40536 | $1,010 | $1,230 | $1,450 | $2,000 | $2,160 |
- 40502 $1,370$1,890
- 40503 $1,450$2,000
- 40504 $1,190$1,640
- 40505 $1,200$1,650
- 40507 $1,230$1,690
- 40508 $1,390$1,910
- 40509 $1,760$2,420
- 40510 $1,580$2,170
- 40511 $1,560$2,150
- 40513 $1,800$2,480
- 40514 $1,980$2,720
- 40515 $1,690$2,330
- 40516 $1,390$1,910
- 40517 $1,490$2,050
- 40526 $1,390$1,910
- 40536 $1,450$2,000
Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) (external site)
Rent burden
How many households spend too much
HUD counts rent as a burden when it reaches 30% of income or more. In Fayette County, 50% of renter households are in that position; in Kentucky, 45%, and nationwide, 51% (Average 2020–2024, Census).
Paying too much rent leaves little for food, transportation and savings. If that is you, the agencies below can guide you for free.
50%
of renter households spend 30% or more of their income on rent.
64,594 households rent in Fayette County
- Spend half or more of their income 26%
- Spend 30% or more, but less than half 24%
- Spend less than 30% 50%
Compared with the state and the country
- Fayette 50%
- Kentucky 45%
- United States 51%
Low-income apartments
Low-income apartments in Fayette County
HUD lists 85 properties with homes for low-income households in Fayette County: tax-credit apartments (LIHTC), HUD-assisted buildings and public housing. They run from the most low-income homes to the fewest.
- with tax credits (LIHTC)
- 39
- HUD-assisted
- 33
- public housing
- 13
5,238 homes in all; 5,002 of them low-income, according to HUD.
- Briarwood Apts of Lex HUD-assisted 1349 Centre Pkwy, Lexington 40517 204 homes, 203 low-income · For older adults · (859) 272-3421
- Fairington of Lexington HUD-assisted 3501 Laredo Dr, Lexington 40517 199 low-income homes · For families · (859) 272-7645
- Gleneagles Apartments Tax credit (LIHTC) Polo Club BLVD., Lexington 40509 184 low-income homes · 1 bd: 32 · 2 bd: 96 · 3 bd: 56 · In service since 2007 · For families
- Matador North Apartments Tax credit (LIHTC) Winburn DR., Lexington 40511 170 low-income homes · 2 bd: 130 · 3 bd: 35 · 4 bd: 5 · In service since 1991 · For families
- Lexington South Public housing 3645 Appian Way, Lexington 40517 169 low-income homes · Run by Housing Authority of Lexington · Average payment: $487 a month · Homes at several sites · (859) 281-5060
- Eastridge Place HUD-assisted 2800 Alumni Dr, Lexington 40517 160 low-income homes · For families · (859) 272-6530
- Fox Run Apartments Tax credit (LIHTC) Mccullough DR., Lexington 40511 146 low-income homes · 1 bd: 48 · 2 bd: 72 · 3 bd: 24 · 4 bd: 2 · In service since 1992 · For families
- Ballard Place Tax credit (LIHTC) Tower Plaza, Lexington 40508 134 low-income homes · 1 bd: 134 · In service since 2000
- Ballard Place, LLC HUD-assisted 635 Ballard St, Lexington 40508 132 low-income homes · For older adults · (859) 281-5060
- Westminster Village HUD-assisted 1510 Versailles Rd, Lexington 40504 132 low-income homes · For families · (859) 255-8011
- Lexington West Public housing 420 Rogers Rd, Lexington 40505 130 low-income homes · Run by Housing Authority of Lexington · Average payment: $549 a month · Homes at several sites · (859) 281-5060
- Rose Tower HUD-assisted 137 Rose St, Lexington 40507 168 homes, 120 low-income · For older adults · (859) 254-7762
- Emerson Center Apts. HUD-assisted 2050 Garden Springs Dr, Lexington 40504 178 homes, 114 low-income · For older adults · (859) 278-0526
- Coolavin Apts HUD-assisted 551 W Sixth St, Lexington 40508 104 low-income homes · For families · (859) 231-8100
- Unnamed Public housing 514 E Second St, Lexington 40508 102 low-income homes · Run by Housing Authority of Lexington · Average payment: $473 a month · Homes at several sites · (859) 281-5060
- ST. James Place Tax credit (LIHTC) Deweese ST., Lexington 40507 102 homes, 99 low-income · 4 bd: 102 · In service since 1995
- Baunta Apartments HUD-assisted 3816 Camelot Dr, Lexington 40517 98 low-income homes · For older adults · (859) 271-9000
- Walnut Hill HUD-assisted 3716 Trent Cir, Lexington 40517 96 homes, 95 low-income · For families · (859) 272-1615
- Gainesway Village Apartments HUD-assisted 1245 Centre Pkwy, Lexington 40517 95 low-income homes · For families · (859) 272-9121
- Christian Towers HUD-assisted 1511 Versailles Rd, Lexington 40504 92 low-income homes · For older adults · (859) 253-3625
- Saddle Run HUD-assisted 3395 Spangler Dr, Lexington 40517 193 homes, 91 low-income · For families · (859) 272-2496
- Bluegrass Phase IV Apartments Tax credit (LIHTC) East 6th Street, Lexington 40505 88 low-income homes · 1 bd: 36 · 2 bd: 36 · 3 bd: 16 · In service since 2010 · For families
- Bridlewood Apartments Public housing 660 Triple Crown Pkwy, Lexington 40508 88 low-income homes · Run by Housing Authority of Lexington · Average payment: $468 a month · (859) 281-5060
- Grand Oaks - Bluegrass V Tax credit (LIHTC) Thoroughbred Way, Lexington 40508 88 low-income homes · 1 bd: 36 · 2 bd: 36 · 3 bd: 16 · In service since 2010 · For families
- Grand Oaks Apartments Public housing 516 Grandstand Dr, Lexington 40508 88 low-income homes · Run by Housing Authority of Lexington · Average payment: $398 a month · (859) 281-5060
- Malabu Manor Apartments HUD-assisted 137 Malabu Dr, Lexington 40503 80 homes, 79 low-income · For older adults · (859) 278-5111
- Falcon Crest Apartments Public housing 1101 Centre Pkwy, Lexington 40517 72 low-income homes · Run by Housing Authority of Lexington · Average payment: $379 a month · (859) 281-5060
- Falcon Crest Apartments - Lexington Tax credit (LIHTC) Centre Parkway, Lexington 40517 72 low-income homes · 3 bd: 72 · In service since 2009 · For families
- Central Christian Church Apartments HUD-assisted 249 E Short St, Lexington 40507 70 low-income homes · For older adults · (859) 252-3671
- Main Street Baptist Manor HUD-assisted 428 Darby Creek Rd, Lexington 40509 64 homes, 63 low-income · For older adults · (859) 263-5153
- Hamburg Senior Residence Tax credit (LIHTC) Villa Medici Pass, Lexington 40509 62 low-income homes · 1 bd: 24 · 2 bd: 38 · In service since 2012 · For older adults
- Bluegrass Phase III Public housing 640 Triple Crown Pkwy, Lexington 40508 60 low-income homes · Run by Housing Authority of Lexington · Average payment: $457 a month · (859) 281-5060
- Ferrill Square Apartments Tax credit (LIHTC) Price RD., Lexington 40508 59 low-income homes · 1 bd: 59 · In service since 1999 · For older adults
- Virginia Place Tax credit (LIHTC) Horsemans LN., Lexington 40504 56 low-income homes · 2 bd: 56 · In service since 1994
- Trent Senior Village Tax credit (LIHTC) Trent Boulevard, Lexington 40517 54 low-income homes · 1 bd: 41 · 2 bd: 13 · In service since 2016 · For older adults
- Hope Center Permanent Housing Tax credit (LIHTC) West Louden, Lexington 40508 48 low-income homes · 4 bd: 48 · In service since 2019
- Prall Place Apartments HUD-assisted 147 Prall St, Lexington 40508 46 low-income homes · For families · (859) 255-3785
- Sugar Mill Apartments Public housing 1814 Versailles Rd, Lexington 40504 46 low-income homes · Run by Housing Authority of Lexington · Average payment: $386 a month · (859) 281-5060
- MT. Tabor Townhouses HUD-assisted 633 Mount Tabor Rd, Lexington 40517 44 low-income homes · For families · (859) 266-4372
- Forest View HUD-assisted 3824 Camelot Dr, Lexington 40517 42 low-income homes · For older adults · (859) 271-9000
- Liberty Commons HUD-assisted 2101 Cornerstone Dr, Lexington 40509 42 homes, 41 low-income · For older adults · (859) 264-8055
- Bluegrass Aspendale III-A Tax credit (LIHTC) E. 6th Street, Lexington 40508 41 low-income homes · 1 bd: 16 · 2 bd: 15 · 3 bd: 8 · 4 bd: 2 · In service since 2008
- Hillrise Place - Fka Shepherd's Place Tax credit (LIHTC) Hillrise CT., Lexington 40504 40 low-income homes · 1 bd: 1 · 4 bd: 39 · In service since 2001
- Homownership Public housing 224 Twelfth St, Lexington 40505 40 low-income homes · Run by Housing Authority of Lexington · Average payment: $386 a month · Homes at several sites · (859) 281-5060
- Serenity Place Tax credit (LIHTC) Versailles RD., Lexington 40504 40 low-income homes · 2 bd: 20 · 3 bd: 20 · In service since 2001 · For families
- Salem Village HUD-assisted 1109 Winburn Dr, Lexington 40511 40 homes, 39 low-income · For families · (859) 299-6103
- Salem Village Apartments Tax credit (LIHTC) Winburn Drive, Lexington 40511 39 low-income homes · 1 bd: 24 · 2 bd: 15 · In service since 2013 · For families
- ST. James Place, II Tax credit (LIHTC) Deweese ST., Lexington 40507 38 low-income homes · 4 bd: 38 · In service since 2006
- Parkside Tax credit (LIHTC) Cross Keys Road, Lexington 40504 36 low-income homes · 1 bd: 12 · 2 bd: 16 · 3 bd: 8 · In service since 2012 · For families
- Parkside II Tax credit (LIHTC) Cross Keys Road, Lexington 40504 36 low-income homes · 1 bd: 11 · 2 bd: 17 · 3 bd: 8 · In service since 2015 · For families
- Parkside III Tax credit (LIHTC) 1044 Cross Keys Rd, Lexington 40504 36 low-income homes · 1 bd: 9 · 2 bd: 19 · 3 bd: 8 · In service since 2018 · For families
- Hope Center for Women Tax credit (LIHTC) Versailles RD., Lexington 40504 34 low-income homes · 4 bd: 34 · In service since 2001
- Lexington Single Family Project Tax credit (LIHTC) Chiles Avenue, Lexington 40508 34 low-income homes · 3 bd: 34 · In service since 2005 · For families
- Bluegrass Apartments Public housing 616 Shropshire Ave, Lexington 40508 32 low-income homes · Run by Housing Authority of Lexington · Average payment: $404 a month · (859) 281-5060
- Shropshire Apartments Tax credit (LIHTC) Shropshire Ave., Lexington 40508 32 low-income homes · 1 bd: 8 · 2 bd: 12 · 3 bd: 10 · 4 bd: 2 · In service since 2005 · For families
- Russell School Apartments Tax credit (LIHTC) West Fifth Street, Lexington 40508 27 low-income homes · 1 bd: 27 · In service since 2012 · For older adults
- Russell Cave Public housing 1050 Russell Cave Rd, Lexington 40505 26 low-income homes · Run by Housing Authority of Lexington · Average payment: $431 a month · (859) 281-5060
- Russell Cave Hope Vi Tax credit (LIHTC) Russell Cave RD., Lexington 40505 26 low-income homes · 1 bd: 16 · 3 bd: 10 · In service since 2005 · For families
- Bluegrass Phase II Public housing 529 E Sixth St, Lexington 40508 24 low-income homes · Run by Housing Authority of Lexington · Average payment: $555 a month · (859) 281-5060
- Bluegrass Phase II Development Tax credit (LIHTC) E. Sixth ST., Lexington 40505 24 low-income homes · 1 bd: 2 · 2 bd: 12 · 3 bd: 8 · 4 bd: 2 · In service since 2007
- Derbytowne Apartments, Phase I Tax credit (LIHTC) Bainbridge DR., Lexington 40509 24 low-income homes · 2 bd: 20 · 3 bd: 4 · 4 bd: 1 · In service since 1996
- Derbytowne Apartments, Phase II Tax credit (LIHTC) Bainbridge DR., Lexington 40509 24 low-income homes · 2 bd: 20 · 3 bd: 4 · In service since 1996
- Kcadv Homes Lexington Tax credit (LIHTC) Mackenzie Lane, Lexington 40509 24 low-income homes · 1 bd: 2 · 2 bd: 18 · 3 bd: 4 · In service since 2017 · For families
- Virginia Place Phase II Tax credit (LIHTC) Horsemans Lane, Lexington 40504 24 low-income homes · 2 bd: 16 · 3 bd: 8 · In service since 2006 · For families
- Russell School Apartments HUD-assisted 201 W Fifth St, Lexington 40508 27 homes, 21 low-income · For older adults · (859) 552-6436
- Lakeside Manor Apartments HUD-assisted 1205A Centre Pkwy, Lexington 40517 20 low-income homes · For families · (859) 225-3334
- Bluegrass Aspendale III Tax credit (LIHTC) East 6th Street, Lexington 40505 19 low-income homes · 1 bd: 4 · 2 bd: 7 · 3 bd: 5 · 4 bd: 3 · In service since 2008 · For families
- Elm Tree Lane Apartments Tax credit (LIHTC) Elm Tree LN., Lexington 40507 17 low-income homes · 1 bd: 17 · In service since 2002 · For older adults
- Georgetown Street Hope Vi Apartments Tax credit (LIHTC) Ash ST., Lexington 40508 17 low-income homes · 2 bd: 10 · 3 bd: 7 · In service since 2004
- Homownership Public housing 461 Ash St, Lexington 40508 17 low-income homes · Run by Housing Authority of Lexington · Average payment: $464 a month · Homes at several sites · (859) 281-5060
- Derbytowne Apartments, Phase III Tax credit (LIHTC) Bainbridge DR., Lexington 40509 16 low-income homes · 2 bd: 14 · 3 bd: 2 · In service since 1996 · For older adults, families
- Virginia Avenue Apartments HUD-assisted 381 Virginia Ave, Lexington 40504 16 homes, 15 low-income · For people with disabilities · (859) 253-1686
- Davis Park View Tax credit (LIHTC) De Roode Street, Lexington 40508 14 low-income homes · 2 bd: 12 · 3 bd: 1 · 4 bd: 1 · In service since 2015 · For families
- First Presbyterian Church Apartments Tax credit (LIHTC) Market Street, Lexington 40507 10 low-income homes · 1 bd: 2 · 2 bd: 7 · 4 bd: 1 · In service since 2009 · For families
- Ashland Group Home HUD-assisted 124 Cisco Rd, Lexington 40504 9 homes, 8 low-income · For people with disabilities · (859) 253-1686
- Castlewood Prader-Willi Group Home HUD-assisted 531 E Loudon Ave, Lexington 40505 9 homes, 8 low-income · For people with disabilities · (859) 253-1686
- Spindletop Apartments HUD-assisted 166 Donabrook Ct, Lexington 40517 9 homes, 8 low-income · For people with disabilities
- Bluegrass Village HUD-assisted 3093 Tuscaloosa Ln, Lexington 40515 8 low-income homes · For people with disabilities · (859) 253-1686
- ETL Apartments HUD-assisted 301 and 305 E Second Street, Lexington 40508 7 low-income homes · For older adults · (859) 552-6436
- Danielle Court Apartments HUD-assisted 2532 Danielle Ln, Lexington 40509 6 low-income homes · For people with disabilities
- 411 N Upper ST Tax credit (LIHTC) 411 N Upper St, Lexington 40508 4 low-income homes · In service since 1991
- Aqueduct Place HUD-assisted 1156 Mount Rushmore Way, Lexington 40515 4 homes, 3 low-income · For people with disabilities · (859) 253-1686
- Delmont Place HUD-assisted 161 Delmont Dr, Lexington 40504 4 homes, 3 low-income · For people with disabilities · (859) 253-1686
- Eureka Springs Place HUD-assisted 629 Eureka Springs Dr, Lexington 40517 4 homes, 3 low-income · For people with disabilities · (859) 253-1686
- 1261 Atokad Park Tax credit (LIHTC) 1261 Atokad Park, Lexington 40517 3 low-income homes · In service since 1993
Source: HUD, retrieved November 6, 2026. LIHTC database, updated May 14, 2025; Assisted multifamily properties, updated October 23, 2026; Public housing developments, updated October 23, 2026.
Section 8
The Section 8 voucher in Fayette County
The Housing Choice Voucher (Section 8) pays part of your rent on a home you choose. Your public housing agency runs it. 1 agency serves in Fayette County. Here is what the rules say:
The rules, with their source
-
You apply at the public housing agency. If you qualify, your name usually goes on a waiting list. Applicants must be U.S. citizens or noncitizens with eligible status as HUD defines it. Source: HUD
-
Generally, your family must have very low income: no more than 50% of the area median income, by family size (the middle column of the table). Source: 24 CFR §5.603, §982.201(b)
-
Each year, at least 75% of the families an agency admits from its list must have extremely low income (the 30% column). Source: 24 CFR §982.201(b)(2)
-
If the rent is below the payment standard, the family generally pays 30% of its adjusted monthly income. If it is above, the family pays more. Source: 24 CFR §982.1(a)(3)
-
When you move in, if the rent is above the payment standard, your share cannot go over 40% of your adjusted monthly income. Source: 24 CFR §982.508
-
Each agency sets a payment standard for each size. Without asking HUD, it can go from 90% to 110% of the fair market rent. Source: 24 CFR §982.503(b), (c)
| People | Extremely low (30%) | Very low (50%) | Low |
|---|---|---|---|
| 1 person | $21,500 | $35,750 | $57,200 |
| 2 people | $24,550 | $40,850 | $65,400 |
| 3 people | $27,600 | $45,950 | $73,550 |
| 4 people | $33,000 | $51,050 | $81,700 |
| 5 people | $38,680 | $55,150 | $88,250 |
| 6 people | $44,360 | $59,250 | $94,800 |
| 7 people | $50,040 | $63,350 | $101,350 |
| 8 people | $55,720 | $67,400 | $107,850 |
Area median income: $102,100. HUD income limits by family size, Fiscal year 2026. Area: Lexington-Fayette, KY MSA. Source: HUD, Fiscal year 2026
Possible payment standard
- Studio $887 – $1,085
- 1 bedroom $1,085 – $1,326
- 2 bedrooms $1,274 – $1,558
- 3 bedrooms $1,753 – $2,143
- 4 bedrooms $1,897 – $2,319
The range the rule allows: 90% to 110% of the county's fair market rent. Your agency publishes its own.
Housing agencies that serve this place
- Housing Authority of Lexington Public housing and Section 8 vouchers · 3,483 vouchers · 894 public housing units (859) 281-5060 Housing Authority of Lexington: wilsona@lexha.org
Housing agencies in Kentucky Source: HUD, Retrieved November 6, 2026
Your rights as a tenant in Kentucky
What Kentucky law says about deposits, notices and eviction, with the citation for each rule.
See your rights, rule by ruleCompare these rules with other states →
A summary of state law, not legal advice. Cities may have additional rules.
- If I fall behind on rent, what notice must I get?
- 7 days
- KRS 383.660(2)
- Only a court order can remove youKRS 383.690
- Protection from retaliationKRS 383.705(1)
- Repair and deduct from the rentKRS 383.635(1)
Help
Where to get help with rent in Fayette County
These HUD-approved agencies have offices in Fayette County. They counsel for free or at low cost.
-
Reach, Inc.
733 Red Mile Rd, Lexington · Spanish
- Mortgage delinquency and default
- Budget and financial counseling
- and 5 more
-
Apprisen - Lexington
3499 Blazer Pkwy, Lexington
- Mortgage delinquency and default
- Budget and financial counseling
- and 2 more
-
Community Ventures Corporation
1450 N Broadway, Lexington
- Mortgage delinquency and default
- Budget and financial counseling
- and 5 more
Tool
How much cash do you need to move in?
It starts with the 2-bedroom fair market rent in Fayette County. Change the rent, the deposit and the fees to yours: the numbers stay in your browser.
Count power on top of the rent: in Kentucky, the average home bill was $134 a month in 2024 (EIA). See electricity and gas costs
Your move
We use the place's fair market rent and the state's deposit rule.
Adjust advanced details
Let's do the math
Cash to move in
$2,832
What you need before you get the keys.
What adds up
- First month
- $1,416
- Security deposit
- $1,416
- Total
- $2,832
When you'll have it
Enter what you can set aside each month to see how long it takes.
What helps
- Ask for a receipt for every payment and keep a copy of the lease.
- On move-in day, walk through the home and take dated photos.
- Never send money for a home you haven't seen or a lease you haven't read.
This is a planning estimate, not a price. What you are asked for depends on the landlord, your lease and your state's and city's rules. It is not legal advice.
Frequently asked questions
What is the fair market rent in Fayette County?
According to HUD (Fiscal year 2027): Studio: $986; 1 bedroom: $1,205; 2 bedrooms: $1,416; 3 bedrooms: $1,948; 4 bedrooms: $2,108. It covers rent plus basic utilities, except the phone.
How much do you need to earn to rent in Fayette County?
Paying the 2-bedroom fair market rent ($1,416) without spending more than 30% of income takes $27.23 an hour full time, or $56,640 a year.
Who qualifies for Section 8 in Fayette County?
Generally, families with very low income: no more than 50% of the area median income. For 4 people, HUD's limit here is $51,050 a year (Fiscal year 2026). The family usually pays 30% of its adjusted monthly income. You apply at the housing agency.
How much does Section 8 pay in Fayette County?
The voucher pays up to your housing agency's payment standard, minus your share. The rule lets the agency set it between 90% and 110% of the fair market rent: for 2 bedrooms here, between $1,274 and $1,558 a month. Your agency publishes its figure.
Does the fair market rent change by ZIP code in Fayette County?
For 2 bedrooms they run from $1,190 in 40504 to $1,980 in 40514. Where HUD designates these areas, or where the housing agency chooses to use them, the voucher is figured on the ZIP code's rent instead of the county's. Ask your agency which one it uses.
How many low-income apartments are there in Fayette County?
HUD lists 85 properties with homes for low-income households in Fayette County: tax-credit apartments (LIHTC), HUD-assisted buildings and public housing. They run from the most low-income homes to the fewest. For tax-credit apartments and HUD-assisted buildings, you apply directly at the building's management office. They tell you whether units are open and how to apply; HUD does not have that information.
How many households spend too much on rent in Fayette County?
HUD counts rent as a burden when it reaches 30% of income or more. In Fayette County, 50% of renter households are in that position; in Kentucky, 45%, and nationwide, 51% (Average 2020–2024, Census).