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

Discover affordable housing in Callaway 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.

Grand Generation Manor

200 S Grand Ave, Callaway, Nebraska 68825

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

How many renters live in Callaway, Nebraska?

The City of Callaway has 518 people living in 268 households.

There are 141 renters living in 82 renter households in this City. Renters make up 27.22 percent of the population living in Callaway.

What is the rental market like in Callaway, Nebraska?

There are an estimated 287 housing units in the Callaway area. Of these, 82 units are rental homes, making up 29 percent of the housing market. For every renter household in Callaway, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Callaway?

The rental vacancy rate in Callaway 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 Callaway for each bedroom size?

Occupied Rental Units by Size in Callaway
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 33 30 15 0
Occupied Rental Units by Size in Callaway

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

Among renter households in this market, 28 percent have housing cost burden. Further, 16 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 Callaway

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 Callaway, Nebraska

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

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 28 85 percent
Two BR 17 57 percent
Rental Units Below FMR in Callaway, Nebraska

How many affordable rental units are in Callaway?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 8
USDA Section 515 Rural Rental Housing 20
Tracked Units by Federal Program in Callaway, Nebraska

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

Income Based Apartments in Callaway, Nebraska

Callaway features 20 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 Callaway, Nebraska

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

Housing Choice Vouchers in Callaway, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.