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

Discover affordable housing in Waterloo 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.

Cedar Hollow Apartments

23810 Cedar Hollow Mall, Waterloo, Nebraska 68069

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Waterloo, Nebraska
$22.16/hour
$10.16 (+85%) more than Nebraska minimum wage and $14.91 (+206%) more than the Federal minimum wage.
Learn More About Waterloo, Nebraska Affordable Housing ↓

What HUD offices serve Waterloo, Nebraska?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Homeownership Voucher, Family Self-Sufficiency, Veteran Affairs Supportive Housing (VASH), Mainstream Voucher, Family Unification Program (FUP) programs for Waterloo, Nebraska.

Go to the Nebraska Public Housing and Low-Income Apartments Waiting Lists page for openings near Waterloo.

How many renters live in Waterloo, Nebraska?

The City of Waterloo has 931 people living in 376 households.

There are 179 renters living in 88 renter households in this City. Renters make up 19.23 percent of the population living in Waterloo.

What is the rental market like in Waterloo, Nebraska?

There are an estimated 378 housing units in the Waterloo area. Of these, 90 units are rental homes, making up 24 percent of the housing market. For every renter household in Waterloo, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Waterloo?

The rental vacancy rate in Waterloo 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 Waterloo for each bedroom size?

Occupied Rental Units by Size in Waterloo
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
1 6 43 32 4
Occupied Rental Units by Size in Waterloo

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

Among renter households in this market, 38 percent have housing cost burden. Further, 11 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 Waterloo

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $895 to $1,733. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $895
One BR $971
Two BR $1,170
Three BR $1,562
Four BR $1,733
2024 Fair Market Rents in Waterloo, Nebraska

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

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 6 100 percent
Two BR 31 72 percent
Rental Units Below FMR in Waterloo, Nebraska

How many affordable rental units are in Waterloo?

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

Federal Program Unit Count
Low Income Housing Tax Credit 24
Public Housing 1
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Waterloo, Nebraska

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

Income Based Apartments in Waterloo, Nebraska

Waterloo features 24 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 Waterloo, Nebraska

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

Housing Choice Vouchers in Waterloo, Nebraska

On average, Section 8 Housing Choice vouchers pay Waterloo landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Waterloo.

The maximum amount a voucher would pay on behalf of a low-income tenant in Waterloo, Nebraska for a two-bedroom apartment is between $1,053 and $1,287.

Sourced from federal housing data and AffordableHousingOnline.com research.