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

Discover affordable housing in Madison County where there are 25+ 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.

Royal Oaks Estates

909 Meadow Ln, Norfolk, Nebraska 68701

Skyline Manor

1204 West Norfolk Avenue, Norfolk, Nebraska 68701

Westside Plaza

2600 Westside Plaza Drive, Norfolk, Nebraska 68701

North Park Apartments

916 Woodhurst Dr, Norfolk, Nebraska 68701

Westport Apartments

2616 Westside Plaza Dr, Norfolk, Nebraska 68701

Greenland Village

905 Syracuse Ave, Norfolk, Nebraska 68701

Madison Village Apartments

408 N Main St, Madison, Nebraska 68748

Isabelle Village Apartments

1205 Isabelle Cir, Norfolk, Nebraska 68701

Chestnut Park Apartments I

900 E Norfolk Ave, Norfolk, Nebraska 68701

Woodwinds Apartments

123 N 25th St, Norfolk, Nebraska 68701

Willow Park Apartments II

202 S Chestnut St, Norfolk, Nebraska 68701

Odd Fellow Rebekah Manor

1700 W Pasewalk Ave, Norfolk, Nebraska 68701

Willow Park Apartments

200 S Chestnut St, Norfolk, Nebraska 68701

Chestnut Park Apartments II

203 S Chestnut St, Norfolk, Nebraska 68701

North Park Apartments

1514 Queen City Blvd, Norfolk, Nebraska 0

Lakewood Apartments

1401 Lakewood Dr, Norfolk, Nebraska 68701

Golden Age Apartments

110 S 5th St, Newman Grove, Nebraska 68758

Kensington - - Norfolk

108 N 4th Ave, Norfolk, Nebraska 68701

Madison Villas

Multiple Addresses, Norfolk, Nebraska 68701

Evergreen Apt

111 South Pine St, Norfolk, Nebraska

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Madison County, Nebraska
$17.61/hour
$5.61 (+47%) more than Nebraska minimum wage and $10.36 (+143%) more than the Federal minimum wage.
Learn More About Madison County, Nebraska Affordable Housing ↓

How many renters live in Madison County, Nebraska?

The County of Madison County has 35,538 people living in 14,002 households.

There are 9,943 renters living in 4,674 renter households in this County. Renters make up 27.98 percent of the population living in Madison County.

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

There are an estimated 15,213 housing units in the Madison County area. Of these, 5,201 units are rental homes, making up 34 percent of the housing market. For every renter household in Madison County, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Madison County?

The rental vacancy rate in Madison County is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Madison County for each bedroom size?

Occupied Rental Units by Size in Madison County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
251 1,293 2,015 821 233
Occupied Rental Units by Size in Madison County

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

Among renter households in this market, 31 percent have housing cost burden. Further, 13 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 Madison County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $630 to $1,378. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $630
One BR $708
Two BR $930
Three BR $1,227
Four BR $1,378
2024 Fair Market Rents in Madison County, Nebraska

How many units are rented at Fair Market Rent (FMR) in Madison 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 104 41 percent
One BR 862 67 percent
Two BR 1,296 64 percent
Rental Units Below FMR in Madison County, Nebraska

How many affordable rental units are in Madison County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 422
Public Housing 17
Section 8 Project-Based Rental Assistance 390
Section 811 Supportive Housing for Persons with Disabilities 46
USDA Section 515 Rural Rental Housing 168
Tracked Units by Federal Program in Madison County, Nebraska

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

Income Based Apartments in Madison County, Nebraska

Madison County features 527 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 Madison County, Nebraska

There are 319 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Madison County.

Housing Choice Vouchers in Madison County, Nebraska

On average, Section 8 Housing Choice vouchers pay Madison County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Madison County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Madison County, Nebraska for a two-bedroom apartment is between $837 and $1,023.

Sourced from federal housing data and AffordableHousingOnline.com research.