Low Income Apartments and Affordable Housing For Rent in Garretson, SD

Discover affordable housing in Garretson where there are 3+ 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.

Spirit Canyon Apartments

924 4th St, Garretson, South Dakota 57030

TRM Apartments

1009 4th St, Garretson, South Dakota 57030

Canyon Ridge Apartments

812 Canyon Ave, Garretson, South Dakota 57030

calendar_today Opened: Aug 29
Open Until Further Notice

Reported On August 29th, 2023 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Garretson, South Dakota
$19.73/hour
$8.53 (+76%) more than South Dakota minimum wage and $12.48 (+172%) more than the Federal minimum wage.
Learn More About Garretson, South Dakota Affordable Housing ↓

What HUD offices serve Garretson, South Dakota?

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, Veteran Affairs Supportive Housing (VASH), Moderate Rehabilitation, Housing Opportunities for Persons with AIDS (HOPWA), Shelter Plus Care, Emergency Housing Voucher (EHV) programs for Garretson, South Dakota.

Go to the South Dakota Public Housing and Low-Income Apartments Waiting Lists page for openings near Garretson.

How many renters live in Garretson, South Dakota?

The City of Garretson has 1,259 people living in 559 households.

There are 472 renters living in 200 renter households in this City. Renters make up 37.49 percent of the population living in Garretson.

What is the rental market like in Garretson, South Dakota?

There are an estimated 594 housing units in the Garretson area. Of these, 212 units are rental homes, making up 36 percent of the housing market. For every renter household in Garretson, South Dakota, there are 1 rental units.

What is the vacancy rate for rentals in Garretson?

The rental vacancy rate in Garretson is 6 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 Garretson for each bedroom size?

Occupied Rental Units by Size in Garretson
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
4 25 142 4 9
Occupied Rental Units by Size in Garretson

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

Among renter households in this market, 25 percent have housing cost burden. Further, 16 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 Garretson

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $769 to $1,768. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $769
One BR $884
Two BR $1,042
Three BR $1,417
Four BR $1,768
2024 Fair Market Rents in Garretson, South Dakota

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

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 4 100 percent
One BR 23 92 percent
Two BR 136 96 percent
Rental Units Below FMR in Garretson, South Dakota

How many affordable rental units are in Garretson?

There are a variety of federal affordable housing programs serving households in Garretson, South Dakota including the following:

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 11
Tracked Units by Federal Program in Garretson, South Dakota

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

Income Based Apartments in Garretson, South Dakota

Garretson features 35 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 Garretson, South Dakota

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

Housing Choice Vouchers in Garretson, South Dakota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Garretson, South Dakota for a two-bedroom apartment is between $938 and $1,146.

Sourced from federal housing data and AffordableHousingOnline.com research.