About This Property
Walnut Forest Apartments comprises 48 low-income units in Franklin, Kentucky, serving families with a mix of one-, two-, and three-bedroom floor plans. The property has been in service since 2010 and is owned by a non-profit organization. The unit configuration includes 16 one-bedroom, 24 two-bedroom, and 8 three-bedroom apartments.
Waitlist Information
Waitlist managed by Housing Authority of Franklin
Preferences are given for applicants who are working or live and/or work in Franklin. All adult household members must be present when applying, bringing Social Security cards and birth certificates for all household members, proof of all income, and photo IDs for all adult household members.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Simpson 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 | $725 |
| 1 Bedroom | $761 |
| 2 Bedroom | $1,000 |
| 3 Bedroom | $1,336 |
| 4 Bedroom | $1,359 |
Income Limits - Simpson County, KY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $21,450
- Low (80%)
- $34,300
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,500
- Low (80%)
- $39,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,550
- Low (80%)
- $44,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,600
- Low (80%)
- $48,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,050
- Low (80%)
- $52,900
- Extremely Low (30%)
- $35,500
- Very Low (50%)
- $35,500
- Low (80%)
- $56,800
- Extremely Low (30%)
- $37,950
- Very Low (50%)
- $37,950
- Low (80%)
- $60,700
- Extremely Low (30%)
- $40,400
- Very Low (50%)
- $40,400
- Low (80%)
- $64,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $21,450 | $34,300 |
| 2 Persons | $17,420 | $24,500 | $39,200 |
| 3 Persons | $21,960 | $27,550 | $44,100 |
| 4 Persons | $26,500 | $30,600 | $48,950 |
| 5 Persons | $31,040 | $33,050 | $52,900 |
| 6 Persons | $35,500 | $35,500 | $56,800 |
| 7 Persons | $37,950 | $37,950 | $60,700 |
| 8 Persons | $40,400 | $40,400 | $64,650 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Franklin, KY?+
The Fair Market Rent (FMR) for Simpson County, KY is: $725 (Studio), $761 (1BR), $1000 (2BR), $1336 (3BR), $1359 (4BR). Actual rent at subsidized properties like Walnut Forest Apartments is typically 30% of household income or less.
What size apartments are available at Walnut Forest Apartments?+
Walnut Forest Apartments offers the following unit types: 16 One-Bedroom, 24 Two-Bedroom, 8 Three-Bedroom units, for a total of 48 units.
Who manages Walnut Forest Apartments?+
Walnut Forest Apartments is managed by . You can reach them at .
How do I apply for housing at Walnut Forest Apartments?+
Walnut Forest 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.
Who is eligible to live at Walnut Forest Apartments?+
Walnut Forest Apartments 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 Walnut Forest Apartments?+
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 are the income limits for affordable housing in Simpson County, KY?+
For a 4-person household in Simpson County, KY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,600, Low Income (80% AMI): $48,950. These limits are set by HUD and updated annually.
What is the price range for apartments in Franklin, KY?+
Based on Fair Market Rent for Simpson County, the estimated price range is: 1-bedroom: $761, 2-bedroom: $1000, 3-bedroom: $1336. Actual rent at Walnut Forest Apartments may be lower for income-eligible households.
Walk Score
Almost All Errands Require a Car
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