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

Discover affordable housing in Fairbury 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.

Fairbury Gardens

2001 I St, Fairbury, Nebraska 68352

Jefferson Estates

24th St. & H St, Fairbury, Nebraska 68352

Fairbury 23 Apartments

720 J St, Fairbury, Nebraska 68352

98ch00101 Bvca

2100 Ella St, Fairbury, Nebraska 68352

Parkview Manor

105 W 5th St, Fairbury, Nebraska 68352

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

What HUD offices serve Fairbury, 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 Public Housing programs for Fairbury, Nebraska.

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

How many renters live in Fairbury, Nebraska?

The City of Fairbury has 3,913 people living in 1,677 households.

There are 1,404 renters living in 677 renter households in this City. Renters make up 35.88 percent of the population living in Fairbury.

What is the rental market like in Fairbury, Nebraska?

There are an estimated 1,977 housing units in the Fairbury area. Of these, 725 units are rental homes, making up 37 percent of the housing market. For every renter household in Fairbury, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Fairbury?

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

Occupied Rental Units by Size in Fairbury
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 132 349 153 37
Occupied Rental Units by Size in Fairbury

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

Among renter households in this market, 35 percent have housing cost burden. Further, 14 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 Fairbury

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 $1,120
Four BR $1,161
2024 Fair Market Rents in Fairbury, Nebraska

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

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 94 71 percent
Two BR 208 60 percent
Rental Units Below FMR in Fairbury, Nebraska

How many affordable rental units are in Fairbury?

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

Federal Program Unit Count
Low Income Housing Tax Credit 42
Public Housing 58
Section 8 Project-Based Rental Assistance 30
Tracked Units by Federal Program in Fairbury, Nebraska

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

Income Based Apartments in Fairbury, Nebraska

Fairbury features 90 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 Fairbury, Nebraska

There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fairbury.

Housing Choice Vouchers in Fairbury, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.