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

Discover affordable housing in Falls City where there are 6+ 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.

Wilderness Falls I

Barada St. & W 31st St., Falls City, Nebraska 68355

Wilderness Falls II

Barada St. & W 31st St, Falls City, Nebraska 68355

Burbank Apartments

2706 Chase St, Falls City, Nebraska 68355

East View

800 E 21st St, Falls City, Nebraska 68355

Pioneer Plaza Apartments

1820 Barada St, Falls City, Nebraska 68355

Fulton Villa

2223 Fulton St, Falls City, Nebraska 68355

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

What HUD offices serve Falls City, 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 Falls City, Nebraska.

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

How many renters live in Falls City, Nebraska?

The City of Falls City has 4,124 people living in 1,893 households.

There are 1,115 renters living in 604 renter households in this City. Renters make up 27.04 percent of the population living in Falls City.

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

There are an estimated 2,030 housing units in the Falls City area. Of these, 604 units are rental homes, making up 30 percent of the housing market. For every renter household in Falls City, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Falls City?

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

Occupied Rental Units by Size in Falls City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
28 100 324 120 32
Occupied Rental Units by Size in Falls City

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

Among renter households in this market, 26 percent have housing cost burden. Further, 5 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 Falls City

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 Falls City, Nebraska

How many units are rented at Fair Market Rent (FMR) in Falls 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 10 36 percent
One BR 88 88 percent
Two BR 234 72 percent
Rental Units Below FMR in Falls City, Nebraska

How many affordable rental units are in Falls City?

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

Federal Program Unit Count
Low Income Housing Tax Credit 54
Section 8 Project-Based Rental Assistance 107
USDA Section 515 Rural Rental Housing 36
Tracked Units by Federal Program in Falls City, Nebraska

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

Income Based Apartments in Falls City, Nebraska

Falls City features 143 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 Falls City, Nebraska

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

Housing Choice Vouchers in Falls City, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.