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

Discover affordable housing in Osmond 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.

Westside Apt

404 N Meadow St, Osmond, Nebraska

Maple Hill Apartments

204 E 5th St, Osmond, Nebraska 68765

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

How many renters live in Osmond, Nebraska?

The City of Osmond has 678 people living in 262 households.

There are 130 renters living in 54 renter households in this City. Renters make up 19.17 percent of the population living in Osmond.

What is the rental market like in Osmond, Nebraska?

There are an estimated 332 housing units in the Osmond area. Of these, 54 units are rental homes, making up 16 percent of the housing market. For every renter household in Osmond, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Osmond?

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

Occupied Rental Units by Size in Osmond
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 2 32 18 2
Occupied Rental Units by Size in Osmond

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

Among renter households in this market, 20 percent have housing cost burden. Further, 15 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 Osmond

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $591 to $1,386. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $591
One BR $777
Two BR $872
Three BR $1,161
Four BR $1,386
2024 Fair Market Rents in Osmond, Nebraska

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

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
One BR 2 100 percent
Two BR 23 72 percent
Rental Units Below FMR in Osmond, Nebraska

How many affordable rental units are in Osmond?

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

Federal Program Unit Count
Low Income Housing Tax Credit 8
USDA Section 515 Rural Rental Housing 4
Tracked Units by Federal Program in Osmond, Nebraska

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

Income Based Apartments in Osmond, Nebraska

Osmond features 4 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 Osmond, Nebraska

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

Housing Choice Vouchers in Osmond, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.