About This Property
Bluegrass Aspendale III comprises 19 low-income units in Lexington, Kentucky, serving families with a mix of one-, two-, three-, and four-bedroom apartments. The property, placed in service in 2008, includes four one-bedroom units, seven two-bedroom units, five three-bedroom units, and three four-bedroom units. The development operates under 9% Low-Income Housing Tax Credit financing.
Waitlist Information
Waitlist managed by Housing Authority of Lexington
Applications are for Northeast Lexington Public Housing sites only. Properties are Self-Sufficiency sites requiring work hours for head/co-head of household, though elderly/disabled may be exempt. Bedroom size is determined by household composition.
The LHA Section 8 waiting list is currently closed.
Waitlist data provided by section8waitlist.org
Updated July 8, 2026
Property Details
Fair Market Rent - Fayette County, KY
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $802 |
| 1 Bedroom | $983 |
| 2 Bedroom | $1,177 |
| 3 Bedroom | $1,599 |
| 4 Bedroom | $1,807 |
Income Limits - Fayette County, KY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,900
- Very Low (50%)
- $26,450
- Low (80%)
- $42,300
- Extremely Low (30%)
- $18,150
- Very Low (50%)
- $30,200
- Low (80%)
- $48,350
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,000
- Low (80%)
- $54,400
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,750
- Low (80%)
- $60,400
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,800
- Low (80%)
- $65,250
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,800
- Low (80%)
- $70,100
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,850
- Low (80%)
- $74,900
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,850
- Low (80%)
- $79,750
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,900 | $26,450 | $42,300 |
| 2 Persons | $18,150 | $30,200 | $48,350 |
| 3 Persons | $21,960 | $34,000 | $54,400 |
| 4 Persons | $26,500 | $37,750 | $60,400 |
| 5 Persons | $31,040 | $40,800 | $65,250 |
| 6 Persons | $35,580 | $43,800 | $70,100 |
| 7 Persons | $40,120 | $46,850 | $74,900 |
| 8 Persons | $44,660 | $49,850 | $79,750 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lexington, KY?+
The Fair Market Rent (FMR) for Fayette County, KY is: $802 (Studio), $983 (1BR), $1177 (2BR), $1599 (3BR), $1807 (4BR). Actual rent at subsidized properties like Bluegrass Aspendale Iii is typically 30% of household income or less.
What size apartments are available at Bluegrass Aspendale Iii?+
Bluegrass Aspendale Iii offers the following unit types: 4 One-Bedroom, 7 Two-Bedroom, 5 Three-Bedroom, 3 Four-Bedroom units, for a total of 19 units.
What are the income limits for affordable housing in Fayette County, KY?+
For a 4-person household in Fayette County, KY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,750, Low Income (80% AMI): $60,400. These limits are set by HUD and updated annually.
What is the price range for apartments in Lexington, KY?+
Based on Fair Market Rent for Fayette County, the estimated price range is: 1-bedroom: $983, 2-bedroom: $1177, 3-bedroom: $1599. Actual rent at Bluegrass Aspendale Iii may be lower for income-eligible households.
Who is eligible to live at Bluegrass Aspendale Iii?+
Bluegrass Aspendale Iii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Bluegrass Aspendale Iii?+
Bluegrass Aspendale Iii is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Is there a waitlist for Bluegrass Aspendale Iii?+
Public Housing waitlist is currently Closing Soon but will be closing soon. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who manages Bluegrass Aspendale Iii?+
Bluegrass Aspendale Iii is managed by . You can reach them at .
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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