Low Income Apartments and Affordable Housing For Rent in Silver Creek, NE

Discover affordable housing in Silver Creek where there are 2+ 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.

Park Place Apartments

606 1st St, Silver Creek, Nebraska 68663

West View Apartments

105 S George St, Silver Creek, Nebraska 68663

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

How many renters live in Silver Creek, Nebraska?

The City of Silver Creek has 384 people living in 205 households.

There are 92 renters living in 45 renter households in this City. Renters make up 23.96 percent of the population living in Silver Creek.

What is the rental market like in Silver Creek, Nebraska?

There are an estimated 228 housing units in the Silver Creek area. Of these, 49 units are rental homes, making up 21 percent of the housing market. For every renter household in Silver Creek, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Silver Creek?

The rental vacancy rate in Silver Creek is 8 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Silver Creek for each bedroom size?

Occupied Rental Units by Size in Silver Creek
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 9 32 4 0
Occupied Rental Units by Size in Silver Creek

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

Among renter households in this market, 16 percent have housing cost burden. Further, 9 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 Silver Creek

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $609 to $1,292. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $609
One BR $711
Two BR $872
Three BR $1,147
Four BR $1,292
2024 Fair Market Rents in Silver Creek, Nebraska

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

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 9 100 percent
Two BR 17 53 percent
Rental Units Below FMR in Silver Creek, Nebraska

How many affordable rental units are in Silver Creek?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 12
USDA Section 515 Rural Rental Housing 4
Tracked Units by Federal Program in Silver Creek, Nebraska

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

Income Based Apartments in Silver Creek, Nebraska

Silver Creek features 16 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 Silver Creek, Nebraska

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

Housing Choice Vouchers in Silver Creek, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.