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

Discover affordable housing in Gibbon where there are 1+ 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.

Colony Acres

413 1st St, Gibbon, Nebraska 68840

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Gibbon, Nebraska
$18.18/hour
$6.18 (+52%) more than Nebraska minimum wage and $10.93 (+151%) more than the Federal minimum wage.
Learn More About Gibbon, Nebraska Affordable Housing ↓

What HUD offices serve Gibbon, 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 Section 8 Housing Choice Voucher (HCV), Public Housing programs for Gibbon, Nebraska.
Operates the Public Housing programs for Gibbon, Nebraska.

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

How many renters live in Gibbon, Nebraska?

The City of Gibbon has 1,785 people living in 699 households.

There are 409 renters living in 189 renter households in this City. Renters make up 22.91 percent of the population living in Gibbon.

What is the rental market like in Gibbon, Nebraska?

There are an estimated 737 housing units in the Gibbon area. Of these, 201 units are rental homes, making up 27 percent of the housing market. For every renter household in Gibbon, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Gibbon?

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

Occupied Rental Units by Size in Gibbon
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
22 51 93 20 3
Occupied Rental Units by Size in Gibbon

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

Among renter households in this market, 26 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 Gibbon

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $651 to $1,629. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $651
One BR $758
Two BR $960
Three BR $1,281
Four BR $1,629
2024 Fair Market Rents in Gibbon, Nebraska

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

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 16 73 percent
One BR 51 100 percent
Two BR 35 38 percent
Rental Units Below FMR in Gibbon, Nebraska

How many affordable rental units are in Gibbon?

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

Federal Program Unit Count
Public Housing 36
Tracked Units by Federal Program in Gibbon, Nebraska

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

Income Based Apartments in Gibbon, Nebraska

Gibbon features 40 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 Gibbon, Nebraska

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gibbon.

Housing Choice Vouchers in Gibbon, Nebraska

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Gibbon, Nebraska for a two-bedroom apartment is between $864 and $1,056.

Sourced from federal housing data and AffordableHousingOnline.com research.