Low Income Apartments and Affordable Housing For Rent in Central City, NE

Discover affordable housing in Central City where there are 4+ 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.

Bader East Apartments

2310 24th St, Central City, Nebraska 68826

Bader Westside Villa

2525 28th St, Central City, Nebraska 68826

Bader North Apartments

2422 26th St, Central City, Nebraska 68826

Lone Tree Village

2801 Nedra Cplrt, Central City, Nebraska 68826

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

How many renters live in Central City, Nebraska?

The City of Central City has 3,035 people living in 1,200 households.

There are 840 renters living in 421 renter households in this City. Renters make up 27.68 percent of the population living in Central City.

What is the rental market like in Central City, Nebraska?

There are an estimated 1,285 housing units in the Central City area. Of these, 421 units are rental homes, making up 33 percent of the housing market. For every renter household in Central City, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Central City?

The rental vacancy rate in Central City 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 Central City for each bedroom size?

Occupied Rental Units by Size in Central City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
83 31 178 118 11
Occupied Rental Units by Size in Central City

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

Among renter households in this market, 47 percent have housing cost burden. Further, 15 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 Central City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $609 to $1,292. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $609
One BR $711
Two BR $872
Three BR $1,147
Four BR $1,292
2024 Fair Market Rents in Central City, Nebraska

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

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 27 33 percent
One BR 30 97 percent
Two BR 161 90 percent
Rental Units Below FMR in Central City, Nebraska

How many affordable rental units are in Central City?

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

Federal Program Unit Count
Low Income Housing Tax Credit 68
Section 8 Project-Based Rental Assistance 32
USDA Section 515 Rural Rental Housing 8
Tracked Units by Federal Program in Central City, Nebraska

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

Income Based Apartments in Central City, Nebraska

Central City features 40 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 Central City, Nebraska

There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Central City.

Housing Choice Vouchers in Central City, Nebraska

On average, Section 8 Housing Choice vouchers pay Central City landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in Central City.

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

Sourced from federal housing data and AffordableHousingOnline.com research.