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

Discover affordable housing in Louisville 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.

Oak Ridge Place

210 W 5th St, Louisville, Nebraska 68037

Village Apartments - Louisville

East 2nd and Eastwood Dr, Louisville, Nebraska 68037

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Louisville, Nebraska
$22.16/hour
$10.16 (+85%) more than Nebraska minimum wage and $14.91 (+206%) more than the Federal minimum wage.
Learn More About Louisville, Nebraska Affordable Housing ↓

How many renters live in Louisville, Nebraska?

The City of Louisville has 1,499 people living in 541 households.

There are 266 renters living in 140 renter households in this City. Renters make up 17.75 percent of the population living in Louisville.

What is the rental market like in Louisville, Nebraska?

There are an estimated 571 housing units in the Louisville area. Of these, 151 units are rental homes, making up 26 percent of the housing market. For every renter household in Louisville, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Louisville?

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

Occupied Rental Units by Size in Louisville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
7 33 74 26 0
Occupied Rental Units by Size in Louisville

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

Among renter households in this market, 42 percent have housing cost burden. Further, 14 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 Louisville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $895 to $1,733. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $895
One BR $971
Two BR $1,170
Three BR $1,562
Four BR $1,733
2024 Fair Market Rents in Louisville, Nebraska

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

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 7 100 percent
One BR 23 70 percent
Two BR 58 78 percent
Rental Units Below FMR in Louisville, Nebraska

How many affordable rental units are in Louisville?

Income Based Apartments in Louisville, Nebraska

Louisville features 15 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 Louisville, Nebraska

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

Housing Choice Vouchers in Louisville, Nebraska

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Louisville, Nebraska for a two-bedroom apartment is between $1,053 and $1,287.

Sourced from federal housing data and AffordableHousingOnline.com research.