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

Discover affordable housing in Coleridge 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.

Ridge View Manor

106 E Douglas St, Coleridge, Nebraska 68727

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Coleridge, Nebraska
$4.52 (+38%) more than Nebraska minimum wage and $9.27 (+128%) more than the Federal minimum wage.
Learn More About Coleridge, Nebraska Affordable Housing ↓

How many renters live in Coleridge, Nebraska?

The City of Coleridge has 584 people living in 263 households.

There are 150 renters living in 112 renter households in this City. Renters make up 25.68 percent of the population living in Coleridge.

What is the rental market like in Coleridge, Nebraska?

There are an estimated 312 housing units in the Coleridge area. Of these, 127 units are rental homes, making up 41 percent of the housing market. For every renter household in Coleridge, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Coleridge?

The rental vacancy rate in Coleridge is 6 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 Coleridge for each bedroom size?

Occupied Rental Units by Size in Coleridge
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
25 46 37 3 1
Occupied Rental Units by Size in Coleridge

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

Among renter households in this market, 58 percent have housing cost burden. Further, 29 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 Coleridge

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $591 to $1,326. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $591
One BR $685
Two BR $872
Three BR $1,193
Four BR $1,326
2024 Fair Market Rents in Coleridge, Nebraska

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

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 13 52 percent
One BR 25 54 percent
Two BR 29 78 percent
Rental Units Below FMR in Coleridge, Nebraska

How many affordable rental units are in Coleridge?

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

Federal Program Unit Count
Public Housing 23
Tracked Units by Federal Program in Coleridge, Nebraska

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

Income Based Apartments in Coleridge, Nebraska

Coleridge features 23 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 Coleridge, Nebraska

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

Housing Choice Vouchers in Coleridge, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.