The PHA sets a payment standard ranging from 90% to 110% of the Fair Market Rents (FMRs).

Russell County, KY, KY

In the year 2024, as a landlord, if you're looking to rent your property to a Section 8 tenant or another housing voucher program in Russell County, KY, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $554 to a high of $678, with an average of $616.
One-bedroom: One-bedroom rental prices vary, with a minimum of $582, a maximum of $712, and an average of $647.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $765, peaking at a maximum of $935, and averaging at $850.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $939, a maximum of $1,147, and an average of $1,043.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,019 to a maximum of $1,245, with an average of $1,132.

The fair market rent mentioned already includes all utilities. If a landlord chooses not to provide utility coverage, they can subtract the utility costs from the rent to determine the adjusted rental price.

Each housing authority establishes its own rental rates, so you should check the pricing set by that specific housing authority to determine the maximum amount they can offer. It's advisable to adhere to their pricing guidelines.

To apply for Section 8 housing, you can check your income against the Russell County, KY Housing Choice voucher income limit to determine your eligibility.

HUD's Fair Market Rent guides Section 8 rates for your rental unit.

Year Area HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 Russell County, KY, KY Low Rent (90%) $554 $582 $765 $939 $1,019
Average Rent $616 $647 $850 $1,043 $1,132
High Rent(110%) $678 $712 $935 $1,147 $1,245
2023 Russell County, KY, KY Low Rent (90%) $484 $508 $668 $854 $897
Average Rent $538 $564 $742 $949 $997
High Rent (110%) $592 $620 $816 $1,044 $1,097
2022 Russell County, KY, KY Low Rent (90%) $460 $463 $607 $807 $931
Average Rent $511 $514 $674 $897 $1,034
High Rent(110%) $562 $565 $741 $987 $1,137
2021 Russell County, KY, KY Low Rent (90%) $477 $481 $597 $797 $1,033
Average Rent $530 $534 $663 $886 $1,148
High Rent (110%) $583 $587 $729 $975 $1,263
2020 Russell County, KY, KY Low Rent (90%) $470 $473 $568 $756 $997
Average Rent $522 $526 $631 $840 $1,108
High Rent(110%) $574 $579 $694 $924 $1,219
2019 Russell County, KY, KY Low Rent (90%) $458 $461 $556 $725 $977
Average Rent $509 $512 $618 $805 $1,085
High Rent (110%) $560 $563 $680 $886 $1,194
2018 Russell County, KY, KY Low Rent (90%) $453 $455 $558 $732 $983
Average Rent $503 $506 $620 $813 $1,092
High Rent(110%) $553 $557 $682 $894 $1,201
2017 Russell County, KY, KY Low Rent (90%) $413 $446 $558 $719 $983
Average Rent $459 $496 $620 $799 $1,092
High Rent (110%) $505 $546 $682 $879 $1,201


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