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

Discover affordable housing in Geneva 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.

Pioneer Manor of Geneva

123 S 11th St, Geneva, Nebraska 68361

Bicentennial Apartments

622 SE 8th St, Geneva, Nebraska 68361

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

How many renters live in Geneva, Nebraska?

The City of Geneva has 2,097 people living in 842 households.

There are 294 renters living in 173 renter households in this City. Renters make up 14.02 percent of the population living in Geneva.

What is the rental market like in Geneva, Nebraska?

There are an estimated 981 housing units in the Geneva area. Of these, 173 units are rental homes, making up 18 percent of the housing market. For every renter household in Geneva, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Geneva?

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

Occupied Rental Units by Size in Geneva
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
10 30 105 28 0
Occupied Rental Units by Size in Geneva

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

Among renter households in this market, 28 percent have housing cost burden. Further, 18 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 Geneva

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $591 to $1,199. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $591
One BR $777
Two BR $872
Three BR $1,054
Four BR $1,199
2024 Fair Market Rents in Geneva, Nebraska

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

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 18 60 percent
Two BR 69 66 percent
Rental Units Below FMR in Geneva, Nebraska

How many affordable rental units are in Geneva?

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

Federal Program Unit Count
Low Income Housing Tax Credit 8
Section 8 Project-Based Rental Assistance 20
Tracked Units by Federal Program in Geneva, Nebraska

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

Income Based Apartments in Geneva, Nebraska

Geneva features 20 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 Geneva, Nebraska

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

Housing Choice Vouchers in Geneva, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.