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

Discover affordable housing in Fairmont 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.

705 6th Ave Unit #1

705 6th Ave Unit #1, Fairmont, Nebraska 68354

bed 2
payment $810/mo.

Sixth Avenue Apartments

735 6th Ave, Fairmont, Nebraska 68354

Fairview Apartments

255 E St, Fairmont, Nebraska 68354

payment Subsidized

How To Identify Affordable Housing in Fairmont, 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 Fairmont, 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 Fairmont, Nebraska Affordable Housing ↓

How many renters live in Fairmont, Nebraska?

The City of Fairmont has people living in households.

There are renters living in renter households in this City. Renters make up 8.86 percent of the population living in Fairmont.

What is the rental market like in Fairmont, Nebraska?

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

What is the vacancy rate for rentals in Fairmont?

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

Occupied Rental Units by Size in Fairmont
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
16 14 17 0 0
Occupied Rental Units by Size in Fairmont

A large number of apartments in Fairmont 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 Fairmont

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $591 to $1,199. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $591
One BR $777
Two BR $872
Three BR $1,054
Four BR $1,199
2024 Fair Market Rents in Fairmont, Nebraska

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

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 12 75 percent
One BR 14 100 percent
Two BR 13 76 percent
Rental Units Below FMR in Fairmont, Nebraska

How many affordable rental units are in Fairmont?

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

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

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

Income Based Apartments in Fairmont, Nebraska

Fairmont features 18 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 Fairmont, Nebraska

There are 4 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fairmont.

Housing Choice Vouchers in Fairmont, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.

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