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

Discover affordable housing in Valentine 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.

Prairie Estates

801 N Queen St, Valentine, Nebraska 69201

Valentine Apartments

906 N Green St, Valentine, Nebraska 69201

New Generation Apartments

446 N Main St, Valentine, Nebraska 69201

Valentine Apartments

521 W 3rd St, Valentine, Nebraska 69201

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

How many renters live in Valentine, Nebraska?

The City of Valentine has 2,621 people living in 1,005 households.

There are 1,251 renters living in 460 renter households in this City. Renters make up 47.73 percent of the population living in Valentine.

What is the rental market like in Valentine, Nebraska?

There are an estimated 1,435 housing units in the Valentine area. Of these, 473 units are rental homes, making up 33 percent of the housing market. For every renter household in Valentine, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Valentine?

The rental vacancy rate in Valentine is 3 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 Valentine for each bedroom size?

Occupied Rental Units by Size in Valentine
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
24 67 227 134 8
Occupied Rental Units by Size in Valentine

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

Among renter households in this market, 37 percent have housing cost burden. Further, 14 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 Valentine

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $591 to $1,163. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $591
One BR $727
Two BR $872
Three BR $1,078
Four BR $1,163
2024 Fair Market Rents in Valentine, Nebraska

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

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 0 100 percent
One BR 46 69 percent
Two BR 124 55 percent
Rental Units Below FMR in Valentine, Nebraska

How many affordable rental units are in Valentine?

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

Federal Program Unit Count
Low Income Housing Tax Credit 18
Section 202 Supportive Housing for the Elderly 16
Section 811 Supportive Housing for Persons with Disabilities 6
Tracked Units by Federal Program in Valentine, Nebraska

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

Income Based Apartments in Valentine, Nebraska

Valentine features 48 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 Valentine, Nebraska

There are 18 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Valentine.

Housing Choice Vouchers in Valentine, Nebraska

On average, Section 8 Housing Choice vouchers pay Valentine landlords $300 per month towards rent. The average voucher holder contributes $200 towards rent in Valentine.

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

Sourced from federal housing data and AffordableHousingOnline.com research.