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Low Income Apartments and Affordable Housing For Rent in Broken Bow, NE

Discover affordable housing in Broken Bow where there are 3+ 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.

Image of Regency Place

Regency Place

400 Thelma Street, Broken Bow, Nebraska 68822

bed 1
Image of Broken Bow Housing

Broken Bow Housing

825 S 9th Ave, Broken Bow, Nebraska 68822

Image of Broken Bow Apartments ,

Broken Bow Apartments ,

Main St, Broken Bow, Nebraska 68822

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Broken Bow, Nebraska

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
 Low income apartments with no or short waiting lists.
payment Subsidized
 Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
 Apartments that accept Section 8 vouchers near you
elderly Senior
 Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
 Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
 Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
 Apartments for individuals or families with disabilities.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Broken Bow, 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 Broken Bow, Nebraska Affordable Housing ↓

What HUD offices serve Broken Bow, Nebraska?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Broken Bow Housing Authority
Operates the Public Housing programs for Broken Bow, Nebraska.

Go to the Nebraska Public Housing and Low-Income Apartments Waiting Lists page for openings near Broken Bow.

How many renters live in Broken Bow, Nebraska?

The City of Broken Bow has people living in households.

There are renters living in renter households in this City. Renters make up 32.05 percent of the population living in Broken Bow.

What is the rental market like in Broken Bow, Nebraska?

There are an estimated housing units in the Broken Bow area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Broken Bow, Nebraska, there are 1.17 rental units.

What is the vacancy rate for rentals in Broken Bow?

The rental vacancy rate in Broken Bow is 15 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 Broken Bow for each bedroom size?

Occupied Rental Units by Size in Broken Bow
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
43 193 253 99 13
Occupied Rental Units by Size in Broken Bow

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

How Much Is Rent in Broken Bow

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 $686
Two BR $872
Three BR $1,110
Four BR $1,161
2024 Fair Market Rents in Broken Bow, Nebraska

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

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 3 7 percent
One BR 142 74 percent
Two BR 136 54 percent
Rental Units Below FMR in Broken Bow, Nebraska

How many affordable rental units are in Broken Bow?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Tracked Units by Federal Program in Broken Bow, Nebraska

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

Income Based Apartments in Broken Bow, Nebraska

Broken Bow features 115 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 Broken Bow, Nebraska

There are 16 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Broken Bow.

Housing Choice Vouchers in Broken Bow, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.