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

Discover affordable housing in Oakland where there are 3+ 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.

Oakwood Apartments

410 N Thomas Ave, Oakland, Nebraska 68045

Four Trees Village

100 N Aurora Ave, Oakland, Nebraska 68045

Willowood Apartments

306 N Thomas Ave, Oakland, Nebraska 68045

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

What HUD offices serve Oakland, Nebraska?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Public Housing programs for Oakland, Nebraska.

Go to the Nebraska Public Housing and Low-Income Apartments Waiting Lists page for openings near Oakland.

How many renters live in Oakland, Nebraska?

The City of Oakland has 1,578 people living in 611 households.

There are 278 renters living in 170 renter households in this City. Renters make up 17.62 percent of the population living in Oakland.

What is the rental market like in Oakland, Nebraska?

There are an estimated 679 housing units in the Oakland area. Of these, 178 units are rental homes, making up 26 percent of the housing market. For every renter household in Oakland, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Oakland?

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

Occupied Rental Units by Size in Oakland
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
2 84 70 14 0
Occupied Rental Units by Size in Oakland

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

Among renter households in this market, 41 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 Oakland

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $591 to $1,161. 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 $1,054
Four BR $1,161
2024 Fair Market Rents in Oakland, Nebraska

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

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 2 100 percent
One BR 65 77 percent
Two BR 51 73 percent
Rental Units Below FMR in Oakland, Nebraska

How many affordable rental units are in Oakland?

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

Federal Program Unit Count
Public Housing 23
USDA Section 515 Rural Rental Housing 34
Tracked Units by Federal Program in Oakland, Nebraska

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

Income Based Apartments in Oakland, Nebraska

Oakland features 23 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 Oakland, Nebraska

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oakland.

Housing Choice Vouchers in Oakland, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.