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

Discover affordable housing in Genoa 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.

Sunrise Villa

301 E Willard Ave, Genoa, Nebraska 68640

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

How many renters live in Genoa, Nebraska?

The City of Genoa has 761 people living in 290 households.

There are 139 renters living in 61 renter households in this City. Renters make up 18.27 percent of the population living in Genoa.

What is the rental market like in Genoa, Nebraska?

There are an estimated 342 housing units in the Genoa area. Of these, 69 units are rental homes, making up 20 percent of the housing market. For every renter household in Genoa, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Genoa?

The rental vacancy rate in Genoa is 12 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 Genoa for each bedroom size?

Occupied Rental Units by Size in Genoa
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 3 46 12 0
Occupied Rental Units by Size in Genoa

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

Among renter households in this market, 21 percent have housing cost burden. Further, 0 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 Genoa

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $591 to $1,163. 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 $1,163
2024 Fair Market Rents in Genoa, Nebraska

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

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
One BR 3 100 percent
Two BR 30 65 percent
Rental Units Below FMR in Genoa, Nebraska

How many affordable rental units are in Genoa?

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

Federal Program Unit Count
Public Housing 20
Tracked Units by Federal Program in Genoa, Nebraska

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

Income Based Apartments in Genoa, Nebraska

Genoa features 20 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 Genoa, Nebraska

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

Housing Choice Vouchers in Genoa, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.