Low Income Apartments and Affordable Housing For Rent in Clay County, SD

Discover affordable housing in Clay County where there are 15+ 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.

Riverwood Apartments

1125 Madison St, Vermillion, South Dakota 57069

Town Square Apartments

505 W Main St, Vermillion, South Dakota 57069

Parkwood Apartments

1209 Madison St, Vermillion, South Dakota 57069

River Court Apartments

24 E Duke St, Vermillion, South Dakota 57069

Walnut Street Apartments

601 Elm St, Vermillion, South Dakota 57069

Oakwood Apartments

1100 E Clark St, Vermillion, South Dakota 57069

Applewood Court Apartments

923 W Clark St, Vermillion, South Dakota 57069

Wakonda

611 First Street , Wakonda, South Dakota 57073

Madison Park Townhomes

315 N. Norbeck St, Vermillion, South Dakota 57069

South Park Apts

212 S. Dakota, Irene, South Dakota

Franklin St Homes

320 W. Cedar and , Vermillion, South Dakota

South Dakota - Dakota Dome Apartments I & II

1000 Elm St, Vermillion, South Dakota 57069

Westgate Development, Inc

929 Radcliffe, Vermillion, South Dakota 57069

Tri - County Apartments

105 Turner St, Irene, South Dakota 0

Cressman Court Apartments

200 Hall St, Vermillion, South Dakota 57069

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Clay County, South Dakota
$18.60/hour
$7.40 (+66%) more than South Dakota minimum wage and $11.35 (+157%) more than the Federal minimum wage.
Learn More About Clay County, South Dakota Affordable Housing ↓

What HUD offices serve Clay County, 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) programs for Clay County, South Dakota.

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

How many renters live in Clay County, South Dakota?

The County of Clay County has 14,953 people living in 5,416 households.

There are 5,527 renters living in 2,649 renter households in this County. Renters make up 36.96 percent of the population living in Clay County.

What is the rental market like in Clay County, South Dakota?

There are an estimated 6,152 housing units in the Clay County area. Of these, 2,894 units are rental homes, making up 47 percent of the housing market. For every renter household in Clay County, South Dakota, there are 1 rental units.

What is the vacancy rate for rentals in Clay County?

The rental vacancy rate in Clay County is 8 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 Clay County for each bedroom size?

Occupied Rental Units by Size in Clay County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
234 569 1,215 355 193
Occupied Rental Units by Size in Clay County

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

Among renter households in this market, 35 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 Clay County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $666 to $1,666. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $666
One BR $747
Two BR $982
Three BR $1,384
Four BR $1,666
2024 Fair Market Rents in Clay County, South Dakota

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

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 222 95 percent
One BR 416 73 percent
Two BR 1,032 85 percent
Rental Units Below FMR in Clay County, South Dakota

How many affordable rental units are in Clay County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 182
Section 8 Project-Based Rental Assistance 107
USDA Section 515 Rural Rental Housing 74
Tracked Units by Federal Program in Clay County, South Dakota

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

Income Based Apartments in Clay County, South Dakota

Clay County features 241 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 Clay County, South Dakota

There are 100 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Clay County.

Housing Choice Vouchers in Clay County, South Dakota

On average, Section 8 Housing Choice vouchers pay Clay County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Clay County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Clay County, South Dakota for a two-bedroom apartment is between $884 and $1,080.

Sourced from federal housing data and AffordableHousingOnline.com research.