About This Property
Olympic Apartments, Ltd offers 24 low-income units in Louisville, Kentucky, consisting of 10 one-bedroom and 14 two-bedroom apartments designed to serve families. The property has been in service since 2010 and utilizes 9% Low-Income Housing Tax Credits to maintain affordability. The apartments are professionally managed to provide stable housing for eligible residents.
Waitlist Information
Waitlist managed by Louisville Metro Housing Authority
Preferences are given to displaced victims of domestic violence, those displaced by government action, individuals experiencing rent burden, substandard living conditions, or homelessness. The waiting list categorizes applicants based on preferences and household type (families/singles), and selection is based on bedroom size and preferences. Applicants must be 18 or legally emancipated, with at least one household member having legal residency. Ineligibility may result from drug-related or violent crime convictions, sex offender registration, or outstanding debts to LMHA or other Public Housing Authorities.
New families must have resided in Louisville or maintained a Louisville Metro address for the past 12 months, or establish residency for at least one year.
Waitlist data provided by section8waitlist.org
Updated June 18, 2026
Property Details
Fair Market Rent - Jefferson 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 | $976 |
| 1 Bedroom | $1,077 |
| 2 Bedroom | $1,301 |
| 3 Bedroom | $1,701 |
| 4 Bedroom | $1,955 |
Income Limits - Jefferson County, KY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,150
- Very Low (50%)
- $26,950
- Low (80%)
- $43,050
- Extremely Low (30%)
- $18,450
- Very Low (50%)
- $30,800
- Low (80%)
- $49,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,650
- Low (80%)
- $55,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,450
- Low (80%)
- $61,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,550
- Low (80%)
- $66,450
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,650
- Low (80%)
- $71,350
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,700
- Low (80%)
- $76,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,800
- Low (80%)
- $81,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,150 | $26,950 | $43,050 |
| 2 Persons | $18,450 | $30,800 | $49,200 |
| 3 Persons | $21,960 | $34,650 | $55,350 |
| 4 Persons | $26,500 | $38,450 | $61,500 |
| 5 Persons | $31,040 | $41,550 | $66,450 |
| 6 Persons | $35,580 | $44,650 | $71,350 |
| 7 Persons | $40,120 | $47,700 | $76,300 |
| 8 Persons | $44,660 | $50,800 | $81,200 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Louisville, KY?+
The Fair Market Rent (FMR) for Jefferson County, KY is: $976 (Studio), $1077 (1BR), $1301 (2BR), $1701 (3BR), $1955 (4BR). Actual rent at subsidized properties like Olympic Apartments, Ltd is typically 30% of household income or less.
What size apartments are available at Olympic Apartments, Ltd?+
Olympic Apartments, Ltd offers the following unit types: 10 One-Bedroom, 14 Two-Bedroom units, for a total of 24 units.
What are the income limits for affordable housing in Jefferson County, KY?+
For a 4-person household in Jefferson County, KY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,450, Low Income (80% AMI): $61,500. These limits are set by HUD and updated annually.
Who is eligible to live at Olympic Apartments, Ltd?+
Olympic Apartments, Ltd primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Is there a waitlist for Olympic Apartments, Ltd?+
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.
How do I apply for housing at Olympic Apartments, Ltd?+
Olympic Apartments, Ltd 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.
What is the price range for apartments in Louisville, KY?+
Based on Fair Market Rent for Jefferson County, the estimated price range is: 1-bedroom: $1077, 2-bedroom: $1301. Actual rent at Olympic Apartments, Ltd may be lower for income-eligible households.
Who manages Olympic Apartments, Ltd?+
Olympic Apartments, Ltd is managed by . You can reach them at .
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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