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

Discover affordable housing in Palisade where there are 1+ 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.

Pioneer Apts

304 S Vennum St, Palisade, Nebraska

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

How many renters live in Palisade, Nebraska?

The City of Palisade has 346 people living in 155 households.

There are 36 renters living in 17 renter households in this City. Renters make up 10.4 percent of the population living in Palisade.

What is the rental market like in Palisade, Nebraska?

There are an estimated 175 housing units in the Palisade area. Of these, 17 units are rental homes, making up 10 percent of the housing market. For every renter household in Palisade, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Palisade?

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

Occupied Rental Units by Size in Palisade
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 9 4 3 1
Occupied Rental Units by Size in Palisade

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

Among renter households in this market, 29 percent have housing cost burden. Further, 24 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 Palisade

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $591 to $1,193. 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 $1,178
Four BR $1,193
2024 Fair Market Rents in Palisade, Nebraska

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

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 7 78 percent
Two BR 1 25 percent
Rental Units Below FMR in Palisade, Nebraska

How many affordable rental units are in Palisade?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 20
Tracked Units by Federal Program in Palisade, Nebraska

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

Income Based Apartments in Palisade, Nebraska

Palisade 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 Palisade, Nebraska

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Palisade.

Housing Choice Vouchers in Palisade, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.