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

Discover affordable housing in Sheridan County where there are 4+ 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.

Parkview Apartments

303 Emmert St, Rushville, Nebraska 69360

Gordon Villa

109 N Cornell St, Gordon, Nebraska 69343

Sunrise Vista Apt

400 E 10th St, Gordon, Nebraska

Rushville Ha

301 Emmert St, Rushville, Nebraska 69360

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

How many renters live in Sheridan County, Nebraska?

The County of Sheridan County has 5,102 people living in 2,101 households.

There are 1,501 renters living in 639 renter households in this County. Renters make up 29.42 percent of the population living in Sheridan County.

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

There are an estimated 2,724 housing units in the Sheridan County area. Of these, 706 units are rental homes, making up 26 percent of the housing market. For every renter household in Sheridan County, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Sheridan County?

The rental vacancy rate in Sheridan County is 6 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 Sheridan County for each bedroom size?

Occupied Rental Units by Size in Sheridan County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
8 104 214 147 135
Occupied Rental Units by Size in Sheridan County

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

Among renter households in this market, 20 percent have housing cost burden. Further, 10 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 Sheridan County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $591 to $1,185. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $591
One BR $730
Two BR $872
Three BR $1,054
Four BR $1,185
2024 Fair Market Rents in Sheridan County, Nebraska

How many units are rented at Fair Market Rent (FMR) in Sheridan 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 2 25 percent
One BR 57 55 percent
Two BR 128 60 percent
Rental Units Below FMR in Sheridan County, Nebraska

How many affordable rental units are in Sheridan County?

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

Federal Program Unit Count
Public Housing 42
USDA Section 515 Rural Rental Housing 32
Tracked Units by Federal Program in Sheridan County, Nebraska

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

Income Based Apartments in Sheridan County, Nebraska

Sheridan County features 57 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 Sheridan County, Nebraska

There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sheridan County.

Housing Choice Vouchers in Sheridan County, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.