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

Discover affordable housing in Bellwood 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.

Derby Apartments

603 Derby St, Bellwood, Nebraska 68624

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Bellwood, 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 Bellwood, Nebraska Affordable Housing ↓

How many renters live in Bellwood, Nebraska?

The City of Bellwood has 513 people living in 202 households.

There are 61 renters living in 29 renter households in this City. Renters make up 11.89 percent of the population living in Bellwood.

What is the rental market like in Bellwood, Nebraska?

There are an estimated 224 housing units in the Bellwood area. Of these, 29 units are rental homes, making up 13 percent of the housing market. For every renter household in Bellwood, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Bellwood?

The rental vacancy rate in Bellwood is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

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

Occupied Rental Units by Size in Bellwood
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
2 9 12 6 0
Occupied Rental Units by Size in Bellwood

A large number of apartments in Bellwood 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 Bellwood are overburdened by housing costs?

Among renter households in this market, 34 percent have housing cost burden. Further, 28 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 Bellwood

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $591 to $1,161. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $591
One BR $693
Two BR $872
Three BR $1,112
Four BR $1,161
2024 Fair Market Rents in Bellwood, Nebraska

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

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
Studio 2 100 percent
One BR 9 100 percent
Two BR 8 67 percent
Rental Units Below FMR in Bellwood, Nebraska

How many affordable rental units are in Bellwood?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 4
Tracked Units by Federal Program in Bellwood, Nebraska

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

Income Based Apartments in Bellwood, Nebraska

Bellwood features 4 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 Bellwood, Nebraska

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

Housing Choice Vouchers in Bellwood, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.