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

Discover affordable housing in Wakefield 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.

Wakefield Villa

102 W 5th St, Wakefield, Nebraska 68784

Wakefield Village

207 E 6th St, Wakefield, Nebraska 68784

Sunnyside Apartments

302 E 9th St, Wakefield, Nebraska 68784

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Wakefield, Nebraska
$19.13/hour
$7.13 (+59%) more than Nebraska minimum wage and $11.88 (+164%) more than the Federal minimum wage.
Learn More About Wakefield, Nebraska Affordable Housing ↓

How many renters live in Wakefield, Nebraska?

The City of Wakefield has 1,354 people living in 470 households.

There are 459 renters living in 175 renter households in this City. Renters make up 33.9 percent of the population living in Wakefield.

What is the rental market like in Wakefield, Nebraska?

There are an estimated 490 housing units in the Wakefield area. Of these, 175 units are rental homes, making up 36 percent of the housing market. For every renter household in Wakefield, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Wakefield?

The rental vacancy rate in Wakefield is 0 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 Wakefield for each bedroom size?

Occupied Rental Units by Size in Wakefield
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 24 96 16 39
Occupied Rental Units by Size in Wakefield

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

Among renter households in this market, 43 percent have housing cost burden. Further, 17 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 Wakefield

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $685 to $1,345. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $685
One BR $780
Two BR $1,010
Three BR $1,228
Four BR $1,345
2024 Fair Market Rents in Wakefield, Nebraska

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

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 24 100 percent
Two BR 80 83 percent
Rental Units Below FMR in Wakefield, Nebraska

How many affordable rental units are in Wakefield?

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

Federal Program Unit Count
Low Income Housing Tax Credit 10
USDA Section 515 Rural Rental Housing 9
Tracked Units by Federal Program in Wakefield, Nebraska

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

Income Based Apartments in Wakefield, Nebraska

Wakefield features 21 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 Wakefield, Nebraska

There are 10 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wakefield.

Housing Choice Vouchers in Wakefield, Nebraska

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Wakefield, Nebraska for a two-bedroom apartment is between $909 and $1,111.

Sourced from federal housing data and AffordableHousingOnline.com research.