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

Discover affordable housing in Alma where there are 2+ 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.

Parkview Manor

1102 3rd St, Alma, Nebraska 68920

payment Subsidized

Parkview Manor

1103 4th St, Alma, Nebraska 68920

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based

How To Identify Affordable Housing in Alma, Nebraska

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Alma, 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 Alma, Nebraska Affordable Housing ↓

What HUD offices serve Alma, 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 Public Housing programs for Alma, Nebraska.

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

How many renters live in Alma, Nebraska?

The City of Alma has people living in households.

There are renters living in renter households in this City. Renters make up 13.17 percent of the population living in Alma.

What is the rental market like in Alma, Nebraska?

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

What is the vacancy rate for rentals in Alma?

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

Occupied Rental Units by Size in Alma
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
7 18 45 25 0
Occupied Rental Units by Size in Alma

A large number of apartments in Alma have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Alma

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $591 to $1,161. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $591
One BR $664
Two BR $872
Three BR $1,103
Four BR $1,161
2024 Fair Market Rents in Alma, Nebraska

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

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 7 100 percent
One BR 14 78 percent
Two BR 19 42 percent
Rental Units Below FMR in Alma, Nebraska

How many affordable rental units are in Alma?

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

Federal Program Unit Count
Public Housing
Section 8 Project-Based Rental Assistance
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Alma, Nebraska

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

Income Based Apartments in Alma, Nebraska

Alma features 26 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 Alma, Nebraska

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

Housing Choice Vouchers in Alma, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.

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