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.

Regency Place

400 Thelma Street, Broken Bow, Nebraska 68822

Broken Bow Housing

825 S 9th Ave, Broken Bow, Nebraska 68822

Broken Bow Apartments ,

Main St, Broken Bow, Nebraska 68822

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.

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 3,510 people living in 1,515 households.

There are 1,125 renters living in 601 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 1,770 housing units in the Broken Bow area. Of these, 705 units are rental homes, making up 40 percent of the housing market. For every renter household in Broken Bow, Nebraska, there are 1 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 many renter households in Broken Bow are overburdened by housing costs?

Among renter households in this market, 43 percent have housing cost burden. Further, 20 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 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 16
Public Housing 85
Section 8 Project-Based Rental Assistance 35
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.