Low Income Apartments and Affordable Housing For Rent in Kimball County, NE

Discover affordable housing in Kimball County 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.

Park Terrace Apartments

1401 E 4th St, Kimball, Nebraska 69145

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

How many renters live in Kimball County, Nebraska?

The County of Kimball County has 3,395 people living in 1,501 households.

There are 810 renters living in 416 renter households in this County. Renters make up 23.86 percent of the population living in Kimball County.

What is the rental market like in Kimball County, Nebraska?

There are an estimated 1,807 housing units in the Kimball County area. Of these, 434 units are rental homes, making up 24 percent of the housing market. For every renter household in Kimball County, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Kimball County?

The rental vacancy rate in Kimball County is 4 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 Kimball County for each bedroom size?

Occupied Rental Units by Size in Kimball County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
15 33 198 112 20
Occupied Rental Units by Size in Kimball County

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

Among renter households in this market, 44 percent have housing cost burden. Further, 9 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 Kimball County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $591 to $1,480. 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 $1,229
Four BR $1,480
2024 Fair Market Rents in Kimball County, Nebraska

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

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 4 27 percent
One BR 23 70 percent
Two BR 131 66 percent
Rental Units Below FMR in Kimball County, Nebraska

How many affordable rental units are in Kimball County?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 20
Tracked Units by Federal Program in Kimball County, Nebraska

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

Income Based Apartments in Kimball County, Nebraska

Kimball County 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 Kimball County, Nebraska

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

Housing Choice Vouchers in Kimball County, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.