Low Income Apartments and Affordable Housing For Rent in Cherry County, NE

Discover affordable housing in Cherry County 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.

Prairie Estates

801 N Queen St, Valentine, Nebraska 69201

Valentine Apartments

906 N Green St, Valentine, Nebraska 69201

New Generation Apartments

446 N Main St, Valentine, Nebraska 69201

Valentine Apartments

521 W 3rd St, Valentine, Nebraska 69201

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

How many renters live in Cherry County, Nebraska?

The County of Cherry County has 5,473 people living in 2,110 households.

There are 2,466 renters living in 897 renter households in this County. Renters make up 45.06 percent of the population living in Cherry County.

What is the rental market like in Cherry County, Nebraska?

There are an estimated 2,998 housing units in the Cherry County area. Of these, 919 units are rental homes, making up 31 percent of the housing market. For every renter household in Cherry County, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Cherry County?

The rental vacancy rate in Cherry County is 2 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 Cherry County for each bedroom size?

Occupied Rental Units by Size in Cherry County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
24 87 331 277 105
Occupied Rental Units by Size in Cherry County

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

Among renter households in this market, 24 percent have housing cost burden. Further, 8 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 Cherry County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $591 to $1,163. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $591
One BR $727
Two BR $872
Three BR $1,078
Four BR $1,163
2024 Fair Market Rents in Cherry County, Nebraska

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

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 0 100 percent
One BR 63 72 percent
Two BR 143 43 percent
Rental Units Below FMR in Cherry County, Nebraska

How many affordable rental units are in Cherry County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 18
Section 202 Supportive Housing for the Elderly 16
Section 811 Supportive Housing for Persons with Disabilities 7
Tracked Units by Federal Program in Cherry County, Nebraska

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

Income Based Apartments in Cherry County, Nebraska

Cherry County features 48 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 Cherry County, Nebraska

There are 18 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cherry County.

Housing Choice Vouchers in Cherry County, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.