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

Discover affordable housing in Decatur where there are 2+ 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 Villa Apartments

302 E 6th St, Decatur, Nebraska 68020

Cedar Apartments

402 E 6th St, Decatur, Nebraska 0

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

How many renters live in Decatur, Nebraska?

The City of Decatur has 509 people living in 249 households.

There are 114 renters living in 59 renter households in this City. Renters make up 22.4 percent of the population living in Decatur.

What is the rental market like in Decatur, Nebraska?

There are an estimated 325 housing units in the Decatur area. Of these, 83 units are rental homes, making up 26 percent of the housing market. For every renter household in Decatur, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Decatur?

The rental vacancy rate in Decatur is 7 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 Decatur for each bedroom size?

Occupied Rental Units by Size in Decatur
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 34 7 8 10
Occupied Rental Units by Size in Decatur

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

Among renter households in this market, 32 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 Decatur

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 $664
Two BR $872
Three BR $1,054
Four BR $1,161
2024 Fair Market Rents in Decatur, Nebraska

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

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 30 88 percent
Two BR 3 43 percent
Rental Units Below FMR in Decatur, Nebraska

How many affordable rental units are in Decatur?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 24
USDA Section 515 Rural Rental Housing 28
Tracked Units by Federal Program in Decatur, Nebraska

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

Income Based Apartments in Decatur, Nebraska

Decatur features 24 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 Decatur, Nebraska

There are 8 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Decatur.

Housing Choice Vouchers in Decatur, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.