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

Discover affordable housing in Ord where there are 2+ 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

1016 T St, Ord, Nebraska 68862

Parkview Village Addn and Scattered Site

1412 U St, Ord, Nebraska 68862

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

How many renters live in Ord, Nebraska?

The City of Ord has 2,121 people living in 967 households.

There are 347 renters living in 243 renter households in this City. Renters make up 16.36 percent of the population living in Ord.

What is the rental market like in Ord, Nebraska?

There are an estimated 1,124 housing units in the Ord area. Of these, 351 units are rental homes, making up 31 percent of the housing market. For every renter household in Ord, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Ord?

The rental vacancy rate in Ord is 31 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 Ord for each bedroom size?

Occupied Rental Units by Size in Ord
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
5 102 92 24 15
Occupied Rental Units by Size in Ord

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

Among renter households in this market, 11 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 Ord

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 $665
Two BR $872
Three BR $1,074
Four BR $1,163
2024 Fair Market Rents in Ord, Nebraska

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

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 40 percent
One BR 86 84 percent
Two BR 86 93 percent
Rental Units Below FMR in Ord, Nebraska

How many affordable rental units are in Ord?

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

Federal Program Unit Count
Public Housing 117
Section 8 Project-Based Rental Assistance 3
USDA Section 515 Rural Rental Housing 12
Tracked Units by Federal Program in Ord, Nebraska

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

Income Based Apartments in Ord, Nebraska

Ord features 129 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 Ord, Nebraska

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

Housing Choice Vouchers in Ord, Nebraska

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.