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

Discover affordable housing in Eden where there are 1+ 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.

Eden Development

323 Jackson St, Eden, South Dakota 0

Open Until Further Notice

Reported On February 23rd, 2024 by Chris Madden

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Eden, South Dakota
$17.14/hour
$5.94 (+53%) more than South Dakota minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Eden, South Dakota Affordable Housing ↓

What HUD offices serve Eden, 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 programs for Eden, South Dakota.

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

How many renters live in Eden, South Dakota?

The City of Eden has 173 people living in 83 households.

There are 22 renters living in 17 renter households in this City. Renters make up 12.72 percent of the population living in Eden.

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

There are an estimated 103 housing units in the Eden area. Of these, 20 units are rental homes, making up 19 percent of the housing market. For every renter household in Eden, South Dakota, there are 1 rental units.

What is the vacancy rate for rentals in Eden?

The rental vacancy rate in Eden is 15 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 Eden for each bedroom size?

Occupied Rental Units by Size in Eden
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 0 2 5 7
Occupied Rental Units by Size in Eden

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

Among renter households in this market, 12 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 Eden

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,454. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $613
One BR $760
Two BR $905
Three BR $1,268
Four BR $1,454
2024 Fair Market Rents in Eden, South Dakota

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

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
Two BR 2 100 percent
Rental Units Below FMR in Eden, South Dakota

How many affordable rental units are in Eden?

Income Based Apartments in Eden, South Dakota

Eden features 0 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 Eden, South Dakota

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

Housing Choice Vouchers in Eden, South Dakota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Eden, South Dakota for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.