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

Discover affordable housing in Osceola 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.

Midtown Apartments

401 Hoosier St, Osceola, Nebraska 68651

Pleasant View Retirement Village

601 N Nance St, Osceola, Nebraska 68651

Osceola - Shelby Housing

321 Nebraska St, Osceola, Nebraska 68662

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

How many renters live in Osceola, Nebraska?

The City of Osceola has 803 people living in 307 households.

There are 189 renters living in 91 renter households in this City. Renters make up 23.54 percent of the population living in Osceola.

What is the rental market like in Osceola, Nebraska?

There are an estimated 339 housing units in the Osceola area. Of these, 91 units are rental homes, making up 27 percent of the housing market. For every renter household in Osceola, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Osceola?

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

Occupied Rental Units by Size in Osceola
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
12 29 18 17 15
Occupied Rental Units by Size in Osceola

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

Among renter households in this market, 13 percent have housing cost burden. Further, 0 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 Osceola

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $591 to $1,163. 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 $1,163
2024 Fair Market Rents in Osceola, Nebraska

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

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 6 50 percent
One BR 29 100 percent
Two BR 17 94 percent
Rental Units Below FMR in Osceola, Nebraska

How many affordable rental units are in Osceola?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 12
USDA Section 515 Rural Rental Housing 28
Tracked Units by Federal Program in Osceola, Nebraska

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

Income Based Apartments in Osceola, Nebraska

Osceola features 20 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 Osceola, Nebraska

There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Osceola.

Housing Choice Vouchers in Osceola, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.