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

Discover affordable housing in Lexington where there are 8+ 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.

Southhaven Apartments

1116 Wagon Wheel Ln, Lexington, Nebraska 68850

Eagle Run Apartments

801 N Erie St, Lexington, Nebraska 68850

Eastlawn Addition Apartments

302 N Fillmore St, Lexington, Nebraska 68850

Southaven Apartments

1106 Wagon Wheel Ln, Lexington, Nebraska 68850

The Row in Lexington

601 Eisenhower Dr, Lexington, Nebraska 68850

Legend Oaks

1801 Legend Dr, Lexington, Nebraska 68850

Eastlawn

300 N Monroe St, Lexington, Nebraska 68850

Rolling Meadows

700 Taft St., Lexington, Nebraska 68850

Open Until Further Notice

Reported On February 23rd, 2024 by Vanea Gardner

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lexington, Nebraska
$17.10/hour
$5.10 (+43%) more than Nebraska minimum wage and $9.85 (+136%) more than the Federal minimum wage.
Learn More About Lexington, Nebraska Affordable Housing ↓

What HUD offices serve Lexington, 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 Section 8 Housing Choice Voucher (HCV), Public Housing programs for Lexington, Nebraska.

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

How many renters live in Lexington, Nebraska?

The City of Lexington has 10,662 people living in 3,249 households.

There are 4,075 renters living in 1,381 renter households in this City. Renters make up 38.22 percent of the population living in Lexington.

What is the rental market like in Lexington, Nebraska?

There are an estimated 3,370 housing units in the Lexington area. Of these, 1,408 units are rental homes, making up 42 percent of the housing market. For every renter household in Lexington, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Lexington?

The rental vacancy rate in Lexington is 2 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 Lexington for each bedroom size?

Occupied Rental Units by Size in Lexington
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
108 178 541 479 65
Occupied Rental Units by Size in Lexington

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

Among renter households in this market, 34 percent have housing cost burden. Further, 25 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 Lexington

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $612 to $1,203. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $612
One BR $804
Two BR $903
Three BR $1,139
Four BR $1,203
2024 Fair Market Rents in Lexington, Nebraska

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

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 62 57 percent
One BR 98 55 percent
Two BR 280 52 percent
Rental Units Below FMR in Lexington, Nebraska

How many affordable rental units are in Lexington?

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

Federal Program Unit Count
Low Income Housing Tax Credit 120
Section 8 Project-Based Rental Assistance 96
Section 202 Supportive Housing for the Elderly 18
Section 811 Supportive Housing for Persons with Disabilities 9
USDA Section 515 Rural Rental Housing 140
Tracked Units by Federal Program in Lexington, Nebraska

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

Income Based Apartments in Lexington, Nebraska

Lexington features 305 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 Lexington, Nebraska

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lexington.

Housing Choice Vouchers in Lexington, Nebraska

On average, Section 8 Housing Choice vouchers pay Lexington landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in Lexington.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lexington, Nebraska for a two-bedroom apartment is between $813 and $993.

Sourced from federal housing data and AffordableHousingOnline.com research.