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

Discover affordable housing in Chadron where there are 5+ 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.

Maple Ridge Apartments

841 Maple St, Chadron, Nebraska 69337

Pine Court West Hills Villa Apartments

610 Pine St, Chadron, Nebraska 69337

Royal Court

740 Pine St, Chadron, Nebraska 69337

Pine Oak Vista III

201 Pine St, Chadron, Nebraska 69337

Chardron Apartments I

700 W 8th St, Chadron, Nebraska 69337

calendar_today Opened: Jan 3
Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Chadron, Nebraska
$17.16/hour
$5.16 (+43%) more than Nebraska minimum wage and $9.91 (+137%) more than the Federal minimum wage.
Learn More About Chadron, Nebraska Affordable Housing ↓

What HUD offices serve Chadron, 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 Section 8 Housing Choice Voucher (HCV), Section 8 Project-Based Voucher (PBV) programs for Chadron, Nebraska.

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

How many renters live in Chadron, Nebraska?

The City of Chadron has 5,255 people living in 2,162 households.

There are 1,701 renters living in 871 renter households in this City. Renters make up 32.37 percent of the population living in Chadron.

What is the rental market like in Chadron, Nebraska?

There are an estimated 2,450 housing units in the Chadron area. Of these, 945 units are rental homes, making up 39 percent of the housing market. For every renter household in Chadron, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Chadron?

The rental vacancy rate in Chadron is 5 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 Chadron for each bedroom size?

Occupied Rental Units by Size in Chadron
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
62 250 342 193 20
Occupied Rental Units by Size in Chadron

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

Among renter households in this market, 38 percent have housing cost burden. Further, 24 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 Chadron

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $614 to $1,208. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $614
One BR $709
Two BR $906
Three BR $1,204
Four BR $1,208
2024 Fair Market Rents in Chadron, Nebraska

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

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 62 100 percent
One BR 184 74 percent
Two BR 162 47 percent
Rental Units Below FMR in Chadron, Nebraska

How many affordable rental units are in Chadron?

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

Federal Program Unit Count
Low Income Housing Tax Credit 71
Section 8 Project-Based Rental Assistance 18
USDA Section 515 Rural Rental Housing 76
Tracked Units by Federal Program in Chadron, Nebraska

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

Income Based Apartments in Chadron, Nebraska

Chadron features 76 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 Chadron, Nebraska

There are 30 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Chadron.

Housing Choice Vouchers in Chadron, Nebraska

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Chadron, Nebraska for a two-bedroom apartment is between $815 and $997.

Sourced from federal housing data and AffordableHousingOnline.com research.