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Affordable apartments in Frankfort, Kentucky

14 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.

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Buildings

COTTAGES OF FRANKFORT

LIHTC
CARDWELL LANE, FRANKFORT, KY, 40601
Income-restricted units
96 of 96
Year placed in service
2000
Bedroom mix
86 2BR · 10 3BR

Estimated total housing cost: $1,090 rent + $152 utilities = $1,242/mo

Contact property management for current availability. Waitlists may apply.

KINGS DAUGHTERS APARTMENTS

Section 202
220 HANNA PL, Frankfort, KY, 40601
Income-restricted units
60 of 61
Year placed in service
Not reported

Estimated total housing cost: $1,090 rent + $152 utilities = $1,242/mo

Contact property management for current availability. Waitlists may apply.

KINGS DAUGHTERS APARTMENTS

Section 8
220 HANNA PL, Frankfort, KY, 40601
Income-restricted units
60 of 61
Year placed in service
Not reported

Estimated total housing cost: $1,090 rent + $152 utilities = $1,242/mo

Contact property management for current availability. Waitlists may apply.

BRIDGEPORT SOUTH FRANKFORT REVITALIZATION 2014

LIHTC
BRIDGEPORT ROAD, FRANKFORT, KY, 40601
Income-restricted units
46 of 46
Year placed in service
2016
Bedroom mix
19 2BR · 27 3BR

Estimated total housing cost: $1,090 rent + $152 utilities = $1,242/mo

Contact property management for current availability. Waitlists may apply.

FRANKFORT APARTMENTS II

LIHTC
BY-PASS PLAZA DR., FRANKFORT, KY, 40601
Income-restricted units
30 of 30
Year placed in service
1998
Bedroom mix
4 1BR · 5 2BR · 10 3BR · 25 4+BR

Estimated total housing cost: $1,090 rent + $152 utilities = $1,242/mo

Contact property management for current availability. Waitlists may apply.

SARAH APARTMENTS

LIHTC
CARDWELL LN., FRANKFORT, KY, 40601
Income-restricted units
40 of 40
Year placed in service
2002
Bedroom mix
4 1BR · 36 2BR

Estimated total housing cost: $1,090 rent + $152 utilities = $1,242/mo

Contact property management for current availability. Waitlists may apply.

AUSTIN PARK APARTMENTS, LTD.

LIHTC
BYPASS PLAZA DR., FRANKFORT, KY, 40601
Income-restricted units
38 of 38
Year placed in service
1997
Bedroom mix
12 2BR · 28 3BR

Estimated total housing cost: $1,090 rent + $152 utilities = $1,242/mo

Contact property management for current availability. Waitlists may apply.

QUINTIN COURT OF FRANKFORT

LIHTC
SCHENKEL LANE, FRANKFORT, KY, 40601
Income-restricted units
36 of 36
Year placed in service
2015
Bedroom mix
16 1BR · 20 2BR

Estimated total housing cost: $1,090 rent + $152 utilities = $1,242/mo

Contact property management for current availability. Waitlists may apply.

EMILY APARTMENTS

LIHTC
BRIGHTON PARK BLVD., FRANKFORT, KY, 40601
Income-restricted units
32 of 32
Year placed in service
2001
Bedroom mix
28 1BR · 4 2BR

Estimated total housing cost: $1,090 rent + $152 utilities = $1,242/mo

Contact property management for current availability. Waitlists may apply.

COTTAGES OF FRANKFORT II

LIHTC
CARDWELL LANE, FRANKFORT, KY, 40601
Income-restricted units
24 of 24
Year placed in service
2005
Bedroom mix
24 1BR

Estimated total housing cost: $1,090 rent + $152 utilities = $1,242/mo

Contact property management for current availability. Waitlists may apply.

KIRKLAND FIELDS - FKA EAST MAIN PROJECT

LIHTC
EAST MAIN ST., FRANKFORT, KY, 40601
Income-restricted units
20 of 20
Year placed in service
2001
Bedroom mix
20 2BR

Estimated total housing cost: $1,090 rent + $152 utilities = $1,242/mo

Contact property management for current availability. Waitlists may apply.

35 ASHWOOD CT

LIHTC
35 ASHWOOD CT, FRANKFORT, KY, 40601
Income-restricted units
18 of 26
Year placed in service
1991

Estimated total housing cost: $1,090 rent + $152 utilities = $1,242/mo

Contact property management for current availability. Waitlists may apply.

Showing 12 of 14. Open any pin on the map below for the rest.

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 40601

Zip-level (SAFMR)
BedroomsLocal FMRNational median
Studio$800n/a
1 bedroom$880n/a
2 bedroom$1,090$1,502
3 bedroom$1,420n/a
4 bedroom$1,690n/a

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

HUD income limits : Franklin County, KY

FY2025. Area median income: $92,400.

Household size30% AMI50% AMI80% AMI
1 person$19,350$32,200$51,550
2 people$22,100$36,800$58,900
3 people$26,650$41,400$66,250
4 people$32,150$46,000$73,600
5 people$37,650$49,700$79,500
6 people$43,150$53,400$85,400
7 people$48,650$57,050$91,300
8 people$54,150$60,750$97,200

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: Frankfort cost-of-living and Fair Market Rent overview