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

Discover affordable housing in Hyde County where there are 2+ 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.

Highmore Manor

150 Scoby Ave SE, Highmore, South Dakota 57345

Prairie Housing 1

104 Maple SE, Highmore, South Dakota 57345

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Hyde County, South Dakota
$18.31/hour
$7.11 (+64%) more than South Dakota minimum wage and $11.06 (+153%) more than the Federal minimum wage.
Learn More About Hyde County, South Dakota Affordable Housing ↓

How many renters live in Hyde County, South Dakota?

The County of Hyde County has 1,319 people living in 541 households.

There are 245 renters living in 120 renter households in this County. Renters make up 18.57 percent of the population living in Hyde County.

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

There are an estimated 641 housing units in the Hyde County area. Of these, 140 units are rental homes, making up 22 percent of the housing market. For every renter household in Hyde County, South Dakota, there are 1 rental units.

What is the vacancy rate for rentals in Hyde County?

The rental vacancy rate in Hyde County is 14 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 Hyde County for each bedroom size?

Occupied Rental Units by Size in Hyde County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
4 3 59 41 6
Occupied Rental Units by Size in Hyde County

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

Among renter households in this market, 23 percent have housing cost burden. Further, 11 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 Hyde County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $655 to $1,554. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $655
One BR $736
Two BR $967
Three BR $1,280
Four BR $1,554
2024 Fair Market Rents in Hyde County, South Dakota

How many units are rented at Fair Market Rent (FMR) in Hyde 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 0 100 percent
One BR 3 100 percent
Two BR 32 54 percent
Rental Units Below FMR in Hyde County, South Dakota

How many affordable rental units are in Hyde County?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 12
Tracked Units by Federal Program in Hyde County, South Dakota

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

Income Based Apartments in Hyde County, South Dakota

Hyde County features 20 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 Hyde County, South Dakota

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

Housing Choice Vouchers in Hyde County, South Dakota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Hyde County, South Dakota for a two-bedroom apartment is between $870 and $1,064.

Sourced from federal housing data and AffordableHousingOnline.com research.