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

Discover affordable housing in Waverly 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.

Northland Waverly Apartments ,

14020 Lancashire St, Waverly, Nebraska 68462

Liberty Estates

14550 Oldfield St, Waverly, Nebraska 68462

Jack Estates

11610 N 142nd St, Waverly, Nebraska 68462

North Meadows Apartments

11141 N 137th St, Waverly, Nebraska 68462

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Waverly, Nebraska
$20.21/hour
$8.21 (+68%) more than Nebraska minimum wage and $12.96 (+179%) more than the Federal minimum wage.
Learn More About Waverly, Nebraska Affordable Housing ↓

How many renters live in Waverly, Nebraska?

The City of Waverly has 4,289 people living in 1,471 households.

There are 496 renters living in 260 renter households in this City. Renters make up 11.56 percent of the population living in Waverly.

What is the rental market like in Waverly, Nebraska?

There are an estimated 1,514 housing units in the Waverly area. Of these, 260 units are rental homes, making up 17 percent of the housing market. For every renter household in Waverly, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Waverly?

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

Occupied Rental Units by Size in Waverly
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
19 47 120 38 13
Occupied Rental Units by Size in Waverly

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

Among renter households in this market, 25 percent have housing cost burden. Further, 2 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 Waverly

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $766 to $1,638. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $766
One BR $856
Two BR $1,067
Three BR $1,504
Four BR $1,638
2024 Fair Market Rents in Waverly, Nebraska

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

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 1 5 percent
One BR 37 79 percent
Two BR 94 78 percent
Rental Units Below FMR in Waverly, Nebraska

How many affordable rental units are in Waverly?

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

Federal Program Unit Count
Low Income Housing Tax Credit 79
USDA Section 515 Rural Rental Housing 25
Tracked Units by Federal Program in Waverly, Nebraska

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

Income Based Apartments in Waverly, Nebraska

Waverly features 49 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 Waverly, Nebraska

There are 39 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Waverly.

Housing Choice Vouchers in Waverly, Nebraska

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Waverly, Nebraska for a two-bedroom apartment is between $960 and $1,174.

Sourced from federal housing data and AffordableHousingOnline.com research.