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

Discover affordable housing in Laurel 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.

Hill Crest Colonial Manor

707 Cedar Ave, Laurel, Nebraska 68745

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

How many renters live in Laurel, Nebraska?

The City of Laurel has 956 people living in 422 households.

There are 272 renters living in 146 renter households in this City. Renters make up 28.45 percent of the population living in Laurel.

What is the rental market like in Laurel, Nebraska?

There are an estimated 464 housing units in the Laurel area. Of these, 160 units are rental homes, making up 34 percent of the housing market. For every renter household in Laurel, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Laurel?

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

Occupied Rental Units by Size in Laurel
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 31 59 46 10
Occupied Rental Units by Size in Laurel

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

Among renter households in this market, 40 percent have housing cost burden. Further, 17 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 Laurel

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $591 to $1,326. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $591
One BR $685
Two BR $872
Three BR $1,193
Four BR $1,326
2024 Fair Market Rents in Laurel, Nebraska

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

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 22 71 percent
Two BR 26 44 percent
Rental Units Below FMR in Laurel, Nebraska

How many affordable rental units are in Laurel?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 16
Tracked Units by Federal Program in Laurel, Nebraska

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

Income Based Apartments in Laurel, Nebraska

Laurel features 16 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 Laurel, Nebraska

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

Housing Choice Vouchers in Laurel, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.