Low Income Apartments For Rent in Cambridge, NE

Rental assistance programs support 16 low-income homes in Cambridge where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Cambridge, 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.

Housing Authority	Programs
Cambridge Housing Authority	Public Housing

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

Cambridge, Nebraska Affordable Housing Data

Income Based Apartments in Cambridge, Nebraska

Cambridge 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 Cambridge, Nebraska

There are 16 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cambridge.

Housing Choice Vouchers in Cambridge, Nebraska

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

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

2024 Cambridge, Nebraska Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

	Studio	One BR	Two BR	Three BR	Four BR
Cambridge, Nebraska Fair Market Rent	$591	$708	$872	$1,095	$1,227
Cambridge, Nebraska Payment Standard Range	$532 to $650	$637 to $779	$785 to $959	$986 to $1,205	$1,104 to $1,350

Sourced from federal housing data and AffordableHousingOnline.com research.

Cambridge, NE Affordable Housing Snapshot

Total Affordable Apartment Properties 2

Total Low Income Apartments 32

Total Housing Units with Rental Assistance 16

Percentage of Housing Units Occupied By Renters 41.1%

Average Renter Household Size 1.76

Average Household Size 2.02

Median Household Income $41,827 ±$3,038

Median Rent $557 ±$35

Percentage Of Renters Overburdened 24.88% ± 11.83pp

Total Population 1,093

Total Affordable Apartment Properties	2
Total Low Income Apartments	32
Total Housing Units with Rental Assistance	16
Percentage of Housing Units Occupied By Renters	41.1%
Average Renter Household Size	1.76
Average Household Size	2.02
Median Household Income	$41,827 ±$3,038
Median Rent	$557 ±$35
Percentage Of Renters Overburdened	24.88% ± 11.83pp
Total Population	1,093

Population and Household Demographics

Cambridge is a city in Furnas County, Nebraska with a population of 1,093. There are 528 households in the city with an average household size of 2.02 persons. 41.1% of households in Cambridge are renters.

Income and Rent Overburden in Cambridge

The median gross income for households in Cambridge is $41,827 a year, or $3,486 a month. The median rent for the city is $557 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cambridge, a household making less than $1,857 a month would be considered overburdened when renting an apartment at or above the median rent. 24.88% of households who rent are overburdened in Cambridge.

Area Median Income In Cambridge

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Cambridge, the AMI is calculated from all households within Furnas County.

In Cambridge, HUD calculates the Area Median Income for a family of four as $78,200

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Cambridge

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Cambridge

	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30% AMI Income Limits Renters earning up to 30% of the Cambridge AMI may qualify for rental assistance programs that target Extremely Low Income households.	$17,500	$20,000	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the Cambridge AMI may qualify for rental assistance programs that target Very Low Income households.	$29,150	$33,300	$37,450	$41,600	$44,950	$48,300	$51,600	$54,950
80% AMI Income Limits Renters earning up to 80% of the Cambridge AMI may qualify for rental assistance programs that target Low Income households.	$46,600	$53,250	$59,900	$66,550	$71,900	$77,200	$82,550	$87,850