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

Discover affordable housing in Richardson County where there are 9+ 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.

Wilderness Falls I

Barada St. & W 31st St., Falls City, Nebraska 68355

Wilderness Falls II

Barada St. & W 31st St, Falls City, Nebraska 68355

Burbank Apartments

2706 Chase St, Falls City, Nebraska 68355

East View

800 E 21st St, Falls City, Nebraska 68355

Pioneer Plaza Apartments

1820 Barada St, Falls City, Nebraska 68355

Parkview Heights Addition

626 Parkview Dr, Humboldt, Nebraska 68376

Parkview Heights

642 Parkview Dr, Humboldt, Nebraska 68376

Fulton Villa

2223 Fulton St, Falls City, Nebraska 68355

Humboldt Village Apartments

1030 Grand Ave, Humboldt, Nebraska 68376

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

How many renters live in Richardson County, Nebraska?

The County of Richardson County has 7,850 people living in 3,587 households.

There are 1,816 renters living in 947 renter households in this County. Renters make up 23.13 percent of the population living in Richardson County.

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

There are an estimated 4,099 housing units in the Richardson County area. Of these, 967 units are rental homes, making up 24 percent of the housing market. For every renter household in Richardson County, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Richardson County?

The rental vacancy rate in Richardson County is 2 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 Richardson County for each bedroom size?

Occupied Rental Units by Size in Richardson County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
33 147 433 231 103
Occupied Rental Units by Size in Richardson County

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

Among renter households in this market, 23 percent have housing cost burden. Further, 5 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 Richardson County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $591 to $1,161. 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 $1,161
2024 Fair Market Rents in Richardson County, Nebraska

How many units are rented at Fair Market Rent (FMR) in Richardson 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 15 45 percent
One BR 128 87 percent
Two BR 281 65 percent
Rental Units Below FMR in Richardson County, Nebraska

How many affordable rental units are in Richardson County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 58
Public Housing 28
Section 8 Project-Based Rental Assistance 115
USDA Section 515 Rural Rental Housing 36
Tracked Units by Federal Program in Richardson County, Nebraska

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

Income Based Apartments in Richardson County, Nebraska

Richardson County features 180 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 Richardson County, Nebraska

There are 34 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Richardson County.

Housing Choice Vouchers in Richardson County, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.