About This Property
Serenity Place offers 40 low-income units in Lexington, Kentucky, comprising 20 two-bedroom and 20 three-bedroom apartments designed to serve families. The property has been in service since 2001 and utilizes 4% Low-Income Housing Tax Credits to maintain affordability. A nonprofit organization owns and manages the community.
Waitlist Information
Waitlist managed by Housing Authority of Lexington
Waiting list is open for ONE (1) bedroom units at Ballard and Connie Griffith Apartments for elderly persons (62 years of age or older) households. Applications for housing are taken online.
The LHA Section 8 waiting list is currently closed. Applications for housing are taken online.
Waitlist data provided by section8waitlist.org
Updated May 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 |
Advertisement
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 Serenity Place is typically 30% of household income or less.
What size apartments are available at Serenity Place?+
Serenity Place offers the following unit types: 20 Two-Bedroom, 20 Three-Bedroom units, for a total of 40 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.
Who is eligible to live at Serenity Place?+
Serenity Place 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 Serenity Place?+
Serenity Place 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 Serenity Place?+
Public Housing waitlist is currently Open. 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.
What is the price range for apartments in Lexington, KY?+
Based on Fair Market Rent for Fayette County, the estimated price range is: 2-bedroom: $1177, 3-bedroom: $1599. Actual rent at Serenity Place may be lower for income-eligible households.
Who manages Serenity Place?+
Serenity Place 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.
More Affordable Housing Near Serenity Place
Virginia Place Phase Ii
Lexington, KY
24 UnitsSerenity Place
Lexington, KY
40 UnitsParkside
Lexington, KY
36 UnitsWhitney Woods Apartments
Lexington, KY
40 UnitsVirginia Place Phase Ii
Lexington, KY
24 UnitsHope Center for Women
Lexington, KY
34 Units