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

Discover affordable housing in Phelps County where there are 12+ 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.

Windhaven Estates

1501 12th Ave, Holdrege, Nebraska 68949

Heritage Apartments of Bertrand

510 Mason Ave, Bertrand, Nebraska 68927

Sunrise Lane

1616 12th Ave, Holdrege, Nebraska 68949

Westport Apartments

1314 Tibbals St, Holdrege, Nebraska 68949

Courtyard Villa

604 Mason Ave, Bertrand, Nebraska 68927

Mosaic Housing Corporation I

706 Broadway St, Holdrege, Nebraska 68949

Sunrise East

1516 12th Ave, Holdrege, Nebraska 68949

Sunrise View

1424 12th Ave, Holdrege, Nebraska 68949

Holdrege, City Of

7th And Burlington Sts, Holdrege, Nebraska 68504

Horizon Estates

1523-1619 Madison Ave, Holdrege, Nebraska 68949

Westport Apartments - Holdrege

1300 Tibbals St, Holdrege, Nebraska 68949

Sunnyside Acres Wahls Inc

Saxson And Windsor St, Loomis, Nebraska 68958

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

How many renters live in Phelps County, Nebraska?

The County of Phelps County has 8,966 people living in 3,805 households.

There are 2,297 renters living in 1,139 renter households in this County. Renters make up 25.62 percent of the population living in Phelps County.

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

There are an estimated 4,163 housing units in the Phelps County area. Of these, 1,192 units are rental homes, making up 29 percent of the housing market. For every renter household in Phelps County, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Phelps County?

The rental vacancy rate in Phelps County 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 Phelps County for each bedroom size?

Occupied Rental Units by Size in Phelps County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
52 324 464 221 58
Occupied Rental Units by Size in Phelps County

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

Among renter households in this market, 40 percent have housing cost burden. Further, 22 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 Phelps County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $591 to $1,342. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $591
One BR $743
Two BR $872
Three BR $1,229
Four BR $1,342
2024 Fair Market Rents in Phelps County, Nebraska

How many units are rented at Fair Market Rent (FMR) in Phelps 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 30 58 percent
One BR 298 92 percent
Two BR 290 63 percent
Rental Units Below FMR in Phelps County, Nebraska

How many affordable rental units are in Phelps County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 132
Section 8 Project-Based Rental Assistance 48
Section 811 Supportive Housing for Persons with Disabilities 11
USDA Section 515 Rural Rental Housing 34
Tracked Units by Federal Program in Phelps County, Nebraska

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

Income Based Apartments in Phelps County, Nebraska

Phelps County features 116 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 Phelps County, Nebraska

There are 88 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Phelps County.

Housing Choice Vouchers in Phelps County, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.