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

Discover affordable housing in Otoe County where there are 13+ 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.

Nebraska City Senior Patio Homes

1312 Oak St, Nebraska City, Nebraska 68410

Riverview Terrace

200 N 3rd St, Nebraska City, Nebraska 68410

Northpark Apartments

770 E St, Unadilla, Nebraska 68454

Arbor Village Apartments

611 4th Corso, Nebraska City, Nebraska 68410

Westview Manor

990 Walnut St, Syracuse, Nebraska 68446

Northbrook Apartments

1601 Cherl Dr, Syracuse, Nebraska 68446

Ambassador Senior Patio Homes

1406 North 19th Street, Nebraska City, Nebraska 68410

Syracuse Senior Housing II

Prairie View 2nd Addition, Syracuse, Nebraska 68446

Syracuse Senior Housing

18th St, Syracuse, Nebraska 68446

Hillside Crown

1468 Ash St, Syracuse, Nebraska 68446

Timber Ridge Apartments

1517 Orchard Dr, Nebraska City, Nebraska 68410

Syracuse Senior Housing I

206 W 18th St, Syracuse, Nebraska 68446

Ne City Senior Housing

1129 14th Corso, Nebraska City, Nebraska 68410

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Otoe County, Nebraska
$16.59/hour
$4.59 (+38%) more than Nebraska minimum wage and $9.34 (+129%) more than the Federal minimum wage.
Learn More About Otoe County, Nebraska Affordable Housing ↓

How many renters live in Otoe County, Nebraska?

The County of Otoe County has 15,995 people living in 6,408 households.

There are 3,664 renters living in 1,489 renter households in this County. Renters make up 22.91 percent of the population living in Otoe County.

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

There are an estimated 6,971 housing units in the Otoe County area. Of these, 1,552 units are rental homes, making up 22 percent of the housing market. For every renter household in Otoe County, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Otoe County?

The rental vacancy rate in Otoe County is 3 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 Otoe County for each bedroom size?

Occupied Rental Units by Size in Otoe County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
44 318 654 319 123
Occupied Rental Units by Size in Otoe County

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

Among renter households in this market, 30 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 Otoe County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $594 to $1,168. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $594
One BR $667
Two BR $876
Three BR $1,138
Four BR $1,168
2024 Fair Market Rents in Otoe County, Nebraska

How many units are rented at Fair Market Rent (FMR) in Otoe 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 18 41 percent
One BR 182 57 percent
Two BR 313 48 percent
Rental Units Below FMR in Otoe County, Nebraska

How many affordable rental units are in Otoe County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 147
Public Housing 97
Section 8 Project-Based Rental Assistance 40
USDA Section 515 Rural Rental Housing 15
Tracked Units by Federal Program in Otoe County, Nebraska

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

Income Based Apartments in Otoe County, Nebraska

Otoe County features 152 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 Otoe County, Nebraska

There are 128 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Otoe County.

Housing Choice Vouchers in Otoe County, Nebraska

On average, Section 8 Housing Choice vouchers pay Otoe County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Otoe County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Otoe County, Nebraska for a two-bedroom apartment is between $788 and $964.

Sourced from federal housing data and AffordableHousingOnline.com research.