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

Discover affordable housing in Stuart 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.

Stuart Village Manor 3

606 Garfield St, Stuart, Nebraska 68780

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

How many renters live in Stuart, Nebraska?

The City of Stuart has 536 people living in 247 households.

There are 56 renters living in 51 renter households in this City. Renters make up 10.45 percent of the population living in Stuart.

What is the rental market like in Stuart, Nebraska?

There are an estimated 293 housing units in the Stuart area. Of these, 74 units are rental homes, making up 25 percent of the housing market. For every renter household in Stuart, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Stuart?

The rental vacancy rate in Stuart is 19 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 Stuart for each bedroom size?

Occupied Rental Units by Size in Stuart
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 18 24 9 0
Occupied Rental Units by Size in Stuart

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

Among renter households in this market, 51 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 Stuart

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $591 to $1,334. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $591
One BR $724
Two BR $872
Three BR $1,054
Four BR $1,334
2024 Fair Market Rents in Stuart, Nebraska

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

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 10 56 percent
Two BR 20 83 percent
Rental Units Below FMR in Stuart, Nebraska

How many affordable rental units are in Stuart?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 10
Tracked Units by Federal Program in Stuart, Nebraska

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

Income Based Apartments in Stuart, Nebraska

Stuart features 0 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 Stuart, Nebraska

There are 4 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stuart.

Housing Choice Vouchers in Stuart, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.