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

Discover affordable housing in Valley County where there are 3+ 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.

Sunrise Villa

1016 T St, Ord, Nebraska 68862

Hawthorne Manor

235 N Reynolds, Arcadia, Nebraska 68815

Parkview Village Addn and Scattered Site

1412 U St, Ord, Nebraska 68862

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

How many renters live in Valley County, Nebraska?

The County of Valley County has 4,053 people living in 1,750 households.

There are 749 renters living in 395 renter households in this County. Renters make up 18.48 percent of the population living in Valley County.

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

There are an estimated 2,112 housing units in the Valley County area. Of these, 522 units are rental homes, making up 25 percent of the housing market. For every renter household in Valley County, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Valley County?

The rental vacancy rate in Valley County is 24 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 Valley County for each bedroom size?

Occupied Rental Units by Size in Valley County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
10 129 114 66 44
Occupied Rental Units by Size in Valley County

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

Among renter households in this market, 11 percent have housing cost burden. Further, 3 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 Valley County

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 $665
Two BR $872
Three BR $1,074
Four BR $1,163
2024 Fair Market Rents in Valley County, Nebraska

How many units are rented at Fair Market Rent (FMR) in Valley 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 4 40 percent
One BR 107 83 percent
Two BR 104 91 percent
Rental Units Below FMR in Valley County, Nebraska

How many affordable rental units are in Valley County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 12
Public Housing 137
Section 8 Project-Based Rental Assistance 11
USDA Section 515 Rural Rental Housing 12
Tracked Units by Federal Program in Valley County, Nebraska

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

Income Based Apartments in Valley County, Nebraska

Valley County features 137 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 Valley County, Nebraska

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

Housing Choice Vouchers in Valley County, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.