Research demonstrates the challenges faced by lesbian, gay, bisexual, transgender, queer, and questioning (LGBTQ) young adult(s) (YA) experiencing homelessness, including preliminary evidence regarding the unique barriers and circumstances of the subpopulations within the broader category of LGBTQ. Few research efforts have investigated the differential experiences between identity and racial subgroups within the population of LGBTQ YA experiencing homelessness, however. This study uses a seven-city sample of 442 LGBTQ YA experiencing homelessness to examine the homelessness and housing experiences of LGBTQ YA—including specific experiences of marginalized and understudied subgroups—and compare these experiences across racial subgroups. Analyses revealed LGBTQ YA most commonly experienced homelessness because they were kicked out/asked to leave the home of their parents, relatives, foster or group homes. This experience was more common among transgender YA. Other differential experiences related to duration of homelessness, discrimination, and stress were reported across subgroups. This study fills a critical gap in the literature by identifying differential experiences of subgroups within the LGBTQ YA homeless population that can better inform program and policy interventions designed to prevent and end homelessness among YA.