Kentucky

USDA rental housing in Bourbon County, KY

10 properties in Bourbon County have USDA Section 515 or 514 financing: 304 apartments across 2 towns. 168 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.

10properties
304apartments
168rental assistance units
12vacant units reported

Equal housing opportunity. Properties financed by USDA Rural Development must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin. If you believe you were treated unfairly, you can file a complaint with HUD at 1-800-669-9777 or with USDA at 866-632-9992.

Open Country does not own, manage or rent these properties and does not take applications. Contact each property's management company for availability, rents and eligibility. Listings come from USDA's public data and may be out of date.

Millersburg Place

804 Main St, Millersburg, KY 40348

Family · 32 1BR, 14 2BR, 4 3BR

Managed by Winterwood INC

Units
50
Rental assistance
36
Vacant
1
Accessible
0
Opened
1982

Bourbon Manor Apts

2 Bank Row St, Paris, KY 40361

Elderly · 12 1BR

Managed by Winterwood Fam Portfolio Mgmt

Units
12
Rental assistance
12
Vacant
4
Accessible
0
Opened
1988

Bourbon Trace

1940 Cypress St, Paris, KY 40361

Family · 8 1BR, 28 2BR

Managed by Mlp Management/a. Meyers Develop

Units
36
Rental assistance
8
Vacant
2
Accessible
0
Opened
1986

Bourbon Trace Apartments II

1940 Cypress St, Paris, KY 40361

Family · 6 1BR, 32 2BR, 4 3BR

Managed by Mlp Management/a. Meyers Develop

Units
42
Rental assistance
17
Vacant
2
Accessible
0
Opened
1989

Bradford Place Apts

224 Bradford Ct, Paris, KY 40361

Family · 4 1BR, 16 2BR

Managed by Wilson Mgmt Unltd

Units
20
Rental assistance
19
Vacant
0
Accessible
0
Opened
1991

Cypress Apts.

120 W 12th St, Paris, KY 40361

Family · 8 1BR, 8 2BR

Managed by Wilson Mgmt Unltd

Units
16
Rental assistance
15
Vacant
0
Accessible
1
Opened
1999

Doe Manor Apts

300 Roeling Acres Ln, Paris, KY 40361

Family · 8 1BR, 36 2BR, 4 3BR

Managed by Winterwood INC

Units
48
Rental assistance
23
Vacant
1
Accessible
0
Opened
1983

Pineview Apartments

100 Pineview Dr, Paris, KY 40361

Family · 16 1BR, 28 2BR, 4 3BR

Managed by Winterwood INC

Units
48
Rental assistance
16
Vacant
0
Accessible
0
Opened
1985

Pineview II Apts

100 Pineview Dr, Paris, KY 40361

Family · 8 1BR, 12 2BR

Managed by Winterwood INC

Units
20
Rental assistance
11
Vacant
1
Accessible
0
Opened
1986

Stoner Creek Village Apts.

3299 N Middletown RD, Paris, KY 40361

Elderly · 12 1BR

Units
12
Rental assistance
11
Vacant
1
Accessible
1
Opened
1995

Source: USDA Rural Development, Section 515/514 active properties file (data as of October 19, 2026). Vacancies are as USDA last recorded them, not live availability.

Who can rent here

USDA-financed apartments are for very low, low and moderate income households (7 CFR 3560.152), and elderly and congregate properties also require a household that meets USDA's definition of elderly. In a unit with USDA rental assistance, the tenant pays the highest of 30% of monthly adjusted income, 10% of gross monthly income or a welfare shelter allowance, and the assistance covers the rest of the rent (7 CFR 3560.203). Each property's manager checks income against USDA's limits for the area when you apply and can tell you whether a unit with rental assistance is open.

For owners and buyers

Ownership: 1 nonprofit, 9 limited-profit. 4 also have housing tax credits. 2 serve elderly tenants. Owners of aging 515 properties can use a Section 538 guaranteed loan to finance a transfer and rehab, at USDA's lower 60 and 25 basis point preservation fees. How 515 transfers work with 538.

Watch a property for maturity or prepayment

Pick a Bourbon County property. We'll email when USDA's monthly file shows its use-restriction date, rental assistance, unit count or ownership type change, or when it drops out of the active portfolio, which is what happens when the loan is prepaid or paid off.

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Every property in one file: 515/514 portfolio download (CSV and JSON).