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Affordable apartments in Albany, Kentucky

9 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.

9 lihtc

Buildings

ALBANY CENTER APARTMENTS

LIHTC
CLEAR ST., ALBANY, KY, 40066
Income-restricted units
24 of 24
Year placed in service
1993
Bedroom mix
8 1BR · 16 2BR

Estimated total housing cost: $560 rent + $152 utilities = $712/mo

Contact property management for current availability. Waitlists may apply.

FOOTHILLS SUBDIVISION

LIHTC
ELLIS RD., ALBANY, KY, 42602
Income-restricted units
24 of 24
Year placed in service
2004
Bedroom mix
24 3BR

Estimated total housing cost: $560 rent + $152 utilities = $712/mo

Contact property management for current availability. Waitlists may apply.

HIDDEN ACRES SUBDIVISION

LIHTC
KY HWY 1590, BOX 245, ALBANY, KY, 42602
Income-restricted units
24 of 24
Year placed in service
2006
Bedroom mix
24 3BR

Estimated total housing cost: $560 rent + $152 utilities = $712/mo

Contact property management for current availability. Waitlists may apply.

CLINTON TERRACE APTS

LIHTC
100 W WATER ST, ALBANY, KY, 42602
Income-restricted units
24 of 24
Year placed in service
1993

Estimated total housing cost: $560 rent + $152 utilities = $712/mo

Contact property management for current availability. Waitlists may apply.

THE PINES AT CUMBERLAND APARTMENTS

LIHTC
E. CUMBERLAND ST., ALBANY, KY, 42602
Income-restricted units
24 of 24
Year placed in service
2007
Bedroom mix
8 1BR · 16 2BR

Estimated total housing cost: $560 rent + $152 utilities = $712/mo

Contact property management for current availability. Waitlists may apply.

ALBANY SINGLE FAMILY PROJECT

LIHTC
ROUTE 1, BOX 1034, ALBANY, KY, 42602
Income-restricted units
23 of 23
Year placed in service
2000
Bedroom mix
24 3BR

Estimated total housing cost: $560 rent + $152 utilities = $712/mo

Contact property management for current availability. Waitlists may apply.

ALBANY COMMONS II APARTMENTS - PROJECT

LIHTC
NOLAN ST., ALBANY, KY, 42602
Income-restricted units
12 of 12
Year placed in service
1999
Bedroom mix
12 1BR

Estimated total housing cost: $560 rent + $152 utilities = $712/mo

Contact property management for current availability. Waitlists may apply.

ALBANY COMMONS APARTMENTS

LIHTC
ALBANY COMMONS STREET, ALBANY, KY, 40602
Income-restricted units
0 of 24
Year placed in service
2010
Bedroom mix
24 1BR

Estimated total housing cost: $560 rent + $152 utilities = $712/mo

Contact property management for current availability. Waitlists may apply.

ALBANY COMMONS II APTS - PROJECT

LIHTC
34-37 NOLAN ST, ALBANY, KY
Income-restricted units
Not reported of 11
Year placed in service
8888

Estimated total housing cost: $560 rent + $152 utilities = $712/mo

Contact property management for current availability. Waitlists may apply.

Map

Each pin is one income-restricted building. Color-coded by program. Click a pin for details.

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Energy costs in Kentucky

Residential electricity in Kentucky runs about 13.52¢/kWh, with a typical monthly residential electric bill near $152. Natural gas runs about $21.93/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.

Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.

Check your affordability tier

Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.

Fair Market Rent for Albany, KY

Metro-level
BedroomsLocal FMRNational median
Studio$476n/a
1 bedroom$532n/a
2 bedroom$560$1,502
3 bedroom$728n/a
4 bedroom$840n/a

Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: median_rent_proxy.

HUD income limits : Shelby County, KY

Louisville/Jefferson County, KY-IN. FY2025. Area median income: $105,800.

Household size30% AMI50% AMI80% AMI
1 person$22,250$37,050$59,300
2 people$25,400$42,350$67,750
3 people$28,600$47,650$76,200
4 people$32,150$52,900$84,650
5 people$37,650$57,150$91,450
6 people$43,150$61,400$98,200
7 people$48,650$65,600$105,000
8 people$54,150$69,850$111,750

HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.

Affordable rentals in nearby Kentucky cities

See all affordable-rental cities in Kentucky

About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.

See also: Albany cost-of-living and Fair Market Rent overview