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

Discover affordable housing in Merrick County where there are 8+ 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 Place Apartments

606 1st St, Silver Creek, Nebraska 68663

West View Apartments

105 S George St, Silver Creek, Nebraska 68663

Maplewood Corners

1101 Valmont St, Palmer, Nebraska 68864

Bader East Apartments

2310 24th St, Central City, Nebraska 68826

Bader Westside Villa

2525 28th St, Central City, Nebraska 68826

605 N Green St

605 N Green St, Clarks, Nebraska 68628

Bader North Apartments

2422 26th St, Central City, Nebraska 68826

Lone Tree Village

2801 Nedra Cplrt, Central City, Nebraska 68826

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

How many renters live in Merrick County, Nebraska?

The County of Merrick County has 7,675 people living in 3,175 households.

There are 1,453 renters living in 674 renter households in this County. Renters make up 18.93 percent of the population living in Merrick County.

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

There are an estimated 3,567 housing units in the Merrick County area. Of these, 701 units are rental homes, making up 20 percent of the housing market. For every renter household in Merrick County, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Merrick County?

The rental vacancy rate in Merrick 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 Merrick County for each bedroom size?

Occupied Rental Units by Size in Merrick County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
83 47 290 215 34
Occupied Rental Units by Size in Merrick County

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

Among renter households in this market, 38 percent have housing cost burden. Further, 16 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 Merrick County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $609 to $1,292. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $609
One BR $711
Two BR $872
Three BR $1,147
Four BR $1,292
2024 Fair Market Rents in Merrick County, Nebraska

How many units are rented at Fair Market Rent (FMR) in Merrick 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 27 33 percent
One BR 42 89 percent
Two BR 217 75 percent
Rental Units Below FMR in Merrick County, Nebraska

How many affordable rental units are in Merrick County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 68
Section 8 Project-Based Rental Assistance 48
USDA Section 515 Rural Rental Housing 36
Tracked Units by Federal Program in Merrick County, Nebraska

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

Income Based Apartments in Merrick County, Nebraska

Merrick County features 68 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 Merrick County, Nebraska

There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Merrick County.

Housing Choice Vouchers in Merrick County, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.