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

Discover affordable housing in Kranzburg 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.

Kranzburg Housing

208 Saint Marys St SE, Kranzburg, South Dakota 57245

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Kranzburg, South Dakota
$19.94/hour
$8.74 (+78%) more than South Dakota minimum wage and $12.69 (+175%) more than the Federal minimum wage.
Learn More About Kranzburg, South Dakota Affordable Housing ↓

How many renters live in Kranzburg, South Dakota?

The City of Kranzburg has 211 people living in 93 households.

There are 83 renters living in 34 renter households in this City. Renters make up 39.34 percent of the population living in Kranzburg.

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

There are an estimated 100 housing units in the Kranzburg area. Of these, 34 units are rental homes, making up 34 percent of the housing market. For every renter household in Kranzburg, South Dakota, there are 1 rental units.

What is the vacancy rate for rentals in Kranzburg?

The rental vacancy rate in Kranzburg is 0 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 Kranzburg for each bedroom size?

Occupied Rental Units by Size in Kranzburg
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 28 0 5 1
Occupied Rental Units by Size in Kranzburg

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

Among renter households in this market, 56 percent have housing cost burden. Further, 56 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 Kranzburg

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $714 to $1,776. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $714
One BR $801
Two BR $1,053
Three BR $1,378
Four BR $1,776
2024 Fair Market Rents in Kranzburg, South Dakota

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

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
One BR 9 32 percent
Rental Units Below FMR in Kranzburg, South Dakota

How many affordable rental units are in Kranzburg?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 4
Tracked Units by Federal Program in Kranzburg, South Dakota

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

Income Based Apartments in Kranzburg, South Dakota

Kranzburg features 4 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 Kranzburg, South Dakota

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

Housing Choice Vouchers in Kranzburg, South Dakota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Kranzburg, South Dakota for a two-bedroom apartment is between $948 and $1,158.

Sourced from federal housing data and AffordableHousingOnline.com research.