Low Income Apartments and Affordable Housing For Rent in Nephi, UT

Discover affordable housing in Nephi where there are 5+ 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.

Mtn Shadows Apartments CO L B Hunt Mgmt

465 S 4 E, Nephi, Utah 84648

Mountain Shadows Apartments

465 S 400 E, Nephi, Utah 84648

Crown at Walnut Grove

443 E 400 S, Nephi, Utah 84648

Nebo View Apts

160 East 300 North, Nephi, Utah

Red Cliff View Apts

251 South 100 East, Nephi, Utah

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Nephi, Utah
$23.73/hour
$16.48 (+227%) more than Utah minimum wage and $16.48 (+227%) more than the Federal minimum wage.
Learn More About Nephi, Utah Affordable Housing ↓

How many renters live in Nephi, Utah?

The City of Nephi has 6,507 people living in 2,040 households.

There are 1,725 renters living in 542 renter households in this City. Renters make up 26.51 percent of the population living in Nephi.

What is the rental market like in Nephi, Utah?

There are an estimated 2,118 housing units in the Nephi area. Of these, 573 units are rental homes, making up 27 percent of the housing market. For every renter household in Nephi, Utah, there are 1 rental units.

What is the vacancy rate for rentals in Nephi?

The rental vacancy rate in Nephi is 5 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 Nephi for each bedroom size?

Occupied Rental Units by Size in Nephi
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 51 113 325 53
Occupied Rental Units by Size in Nephi

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

Among renter households in this market, 23 percent have housing cost burden. Further, 14 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 Nephi

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,086 to $2,126. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,086
One BR $1,093
Two BR $1,253
Three BR $1,766
Four BR $2,126
2024 Fair Market Rents in Nephi, Utah

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

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 42 82 percent
Two BR 96 85 percent
Rental Units Below FMR in Nephi, Utah

How many affordable rental units are in Nephi?

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

Federal Program Unit Count
Low Income Housing Tax Credit 28
USDA Section 515 Rural Rental Housing 60
Tracked Units by Federal Program in Nephi, Utah

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

Income Based Apartments in Nephi, Utah

Nephi features 84 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 Nephi, Utah

There are 4 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Nephi.

Housing Choice Vouchers in Nephi, Utah

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Nephi, Utah for a two-bedroom apartment is between $1,128 and $1,378.

Sourced from federal housing data and AffordableHousingOnline.com research.