Low Income Apartments and Affordable Housing For Rent in Arapahoe, NE

Discover affordable housing in Arapahoe where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Sunshine Village I

208 6th St, Arapahoe, Nebraska 68922

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Arapahoe, Nebraska
$16.52/hour
$4.52 (+38%) more than Nebraska minimum wage and $9.27 (+128%) more than the Federal minimum wage.
Learn More About Arapahoe, Nebraska Affordable Housing ↓

How many renters live in Arapahoe, Nebraska?

The City of Arapahoe has 976 people living in 375 households.

There are 173 renters living in 93 renter households in this City. Renters make up 17.73 percent of the population living in Arapahoe.

What is the rental market like in Arapahoe, Nebraska?

There are an estimated 488 housing units in the Arapahoe area. Of these, 111 units are rental homes, making up 23 percent of the housing market. For every renter household in Arapahoe, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Arapahoe?

The rental vacancy rate in Arapahoe is 16 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Arapahoe for each bedroom size?

Occupied Rental Units by Size in Arapahoe
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 4 55 31 3
Occupied Rental Units by Size in Arapahoe

A large number of apartments in Arapahoe have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Arapahoe are overburdened by housing costs?

Among renter households in this market, 58 percent have housing cost burden. Further, 48 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Arapahoe

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $591 to $1,227. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $591
One BR $708
Two BR $872
Three BR $1,095
Four BR $1,227
2024 Fair Market Rents in Arapahoe, Nebraska

How many units are rented at Fair Market Rent (FMR) in Arapahoe?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
One BR 3 75 percent
Two BR 17 31 percent
Rental Units Below FMR in Arapahoe, Nebraska

How many affordable rental units are in Arapahoe?

There are a variety of federal affordable housing programs serving households in Arapahoe, Nebraska including the following:

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 32
Tracked Units by Federal Program in Arapahoe, Nebraska

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Arapahoe, Nebraska

Arapahoe features 8 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Arapahoe, Nebraska

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Arapahoe.

Housing Choice Vouchers in Arapahoe, Nebraska

On average, Section 8 Housing Choice vouchers pay Arapahoe landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Arapahoe.

The maximum amount a voucher would pay on behalf of a low-income tenant in Arapahoe, Nebraska for a two-bedroom apartment is between $785 and $959.

Sourced from federal housing data and AffordableHousingOnline.com research.