About This Property
Pennyrile Park Apartments offers 100 low-income units in Madisonville, Kentucky, with a mix of one-, two-, and three-bedroom floor plans serving families and elderly residents. The property has been in service since 2007 and is financed through 4% Low-Income Housing Tax Credits. This 100-unit community includes 36 one-bedroom, 47 two-bedroom, and 17 three-bedroom apartments.
Waitlist Information
Waitlist managed by Housing Authority of Madisonville
The Public Housing waiting list is currently closed.
The Housing Choice Voucher (HCV) waiting list is currently closed.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Hopkins 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 | $628 |
| 1 Bedroom | $695 |
| 2 Bedroom | $913 |
| 3 Bedroom | $1,176 |
| 4 Bedroom | $1,319 |
Income Limits - Hopkins County, KY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $21,250
- Low (80%)
- $34,000
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,300
- Low (80%)
- $38,850
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,350
- Low (80%)
- $43,700
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,350
- Low (80%)
- $48,550
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,800
- Low (80%)
- $52,450
- Extremely Low (30%)
- $35,250
- Very Low (50%)
- $35,250
- Low (80%)
- $56,350
- Extremely Low (30%)
- $37,650
- Very Low (50%)
- $37,650
- Low (80%)
- $60,250
- Extremely Low (30%)
- $40,100
- Very Low (50%)
- $40,100
- Low (80%)
- $64,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $21,250 | $34,000 |
| 2 Persons | $17,420 | $24,300 | $38,850 |
| 3 Persons | $21,960 | $27,350 | $43,700 |
| 4 Persons | $26,500 | $30,350 | $48,550 |
| 5 Persons | $31,040 | $32,800 | $52,450 |
| 6 Persons | $35,250 | $35,250 | $56,350 |
| 7 Persons | $37,650 | $37,650 | $60,250 |
| 8 Persons | $40,100 | $40,100 | $64,100 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Madisonville, KY?+
The Fair Market Rent (FMR) for Hopkins County, KY is: $628 (Studio), $695 (1BR), $913 (2BR), $1176 (3BR), $1319 (4BR). Actual rent at subsidized properties like Pennyrile Park Apartments is typically 30% of household income or less.
What size apartments are available at Pennyrile Park Apartments?+
Pennyrile Park Apartments offers the following unit types: 36 One-Bedroom, 47 Two-Bedroom, 17 Three-Bedroom units, for a total of 100 units.
What is the price range for apartments in Madisonville, KY?+
Based on Fair Market Rent for Hopkins County, the estimated price range is: 1-bedroom: $695, 2-bedroom: $913, 3-bedroom: $1176. Actual rent at Pennyrile Park Apartments may be lower for income-eligible households.
Is there a waitlist for Pennyrile Park Apartments?+
Public Housing waitlist is currently Closed. 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 is eligible to live at Pennyrile Park Apartments?+
Pennyrile Park Apartments primarily serves families, elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Hopkins County, KY?+
For a 4-person household in Hopkins County, KY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,350, Low Income (80% AMI): $48,550. These limits are set by HUD and updated annually.
Who manages Pennyrile Park Apartments?+
Pennyrile Park Apartments is managed by . You can reach them at .
How do I apply for housing at Pennyrile Park Apartments?+
Pennyrile Park Apartments 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.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Pennyrile Park Apartments
Pennyrile Park Apartments
Madisonville, KY
100 UnitsShiloh Apartments
Madisonville, KY
24 Units
Housing Authority of Madisonville
Madisonville, KY
439 UnitsShiloh Apartments
Madisonville, KY
24 Units
Old Browning Springs
Madisonville, KY
2 Units