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

Discover affordable housing in Nelson 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.

Elk Creek Manor

151 S East St, Nelson, Nebraska 68961

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

How many renters live in Nelson, Nebraska?

The City of Nelson has 409 people living in 196 households.

There are 27 renters living in 21 renter households in this City. Renters make up 6.6 percent of the population living in Nelson.

What is the rental market like in Nelson, Nebraska?

There are an estimated 268 housing units in the Nelson area. Of these, 21 units are rental homes, making up 8 percent of the housing market. For every renter household in Nelson, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Nelson?

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

Occupied Rental Units by Size in Nelson
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 7 13 1 0
Occupied Rental Units by Size in Nelson

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

Among renter households in this market, 43 percent have housing cost burden. Further, 24 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 Nelson

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 $1,054
Four BR $1,163
2024 Fair Market Rents in Nelson, Nebraska

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

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 5 71 percent
Two BR 13 100 percent
Rental Units Below FMR in Nelson, Nebraska

How many affordable rental units are in Nelson?

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

Federal Program Unit Count
Public Housing 16
Tracked Units by Federal Program in Nelson, Nebraska

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

Income Based Apartments in Nelson, Nebraska

Nelson features 16 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 Nelson, Nebraska

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

Housing Choice Vouchers in Nelson, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.