Low Income Apartments and Affordable Housing For Rent in Furnas County, NE

Discover affordable housing in Furnas County 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.

South Ridge Apartments

208 Neville St, Cambridge, Nebraska 69022

Parkside Manor

209 Nelson St, Cambridge, Nebraska 69022

Beaver City Plaza, Phase I

100 S 8th St, Beaver City, Nebraska 68926

Sunshine Village I

208 6th St, Arapahoe, Nebraska 68922

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Furnas County, 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 Furnas County, Nebraska Affordable Housing ↓

How many renters live in Furnas County, Nebraska?

The County of Furnas County has 4,630 people living in 2,003 households.

There are 896 renters living in 439 renter households in this County. Renters make up 19.35 percent of the population living in Furnas County.

What is the rental market like in Furnas County, Nebraska?

There are an estimated 2,531 housing units in the Furnas County area. Of these, 484 units are rental homes, making up 19 percent of the housing market. For every renter household in Furnas County, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Furnas County?

The rental vacancy rate in Furnas County is 9 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Furnas County for each bedroom size?

Occupied Rental Units by Size in Furnas County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
17 65 195 131 17
Occupied Rental Units by Size in Furnas County

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

Among renter households in this market, 32 percent have housing cost burden. Further, 22 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 Furnas County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $591 to $1,227. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $591
One BR $708
Two BR $872
Three BR $1,095
Four BR $1,227
2024 Fair Market Rents in Furnas County, Nebraska

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

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 2 12 percent
One BR 37 57 percent
Two BR 104 53 percent
Rental Units Below FMR in Furnas County, Nebraska

How many affordable rental units are in Furnas County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 16
Public Housing 37
Section 8 Project-Based Rental Assistance 78
USDA Section 515 Rural Rental Housing 8
Tracked Units by Federal Program in Furnas County, Nebraska

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

Income Based Apartments in Furnas County, Nebraska

Furnas County features 32 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 Furnas County, Nebraska

There are 16 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Furnas County.

Housing Choice Vouchers in Furnas County, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.