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

Discover affordable housing in Lennox 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.

Walsen Apartments

108 S Poplar St, Lennox, South Dakota 57039

Lennox

217 S Pine St, Lennox, South Dakota 57039

Cedar Lane Apartments

205 E 6th Ave, Lennox, South Dakota 57039

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 Lennox, 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 Lennox, South Dakota Affordable Housing ↓

What HUD offices serve Lennox, 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 Lennox, South Dakota.

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

How many renters live in Lennox, South Dakota?

The City of Lennox has 2,603 people living in 1,061 households.

There are 607 renters living in 320 renter households in this City. Renters make up 23.32 percent of the population living in Lennox.

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

There are an estimated 1,092 housing units in the Lennox area. Of these, 334 units are rental homes, making up 31 percent of the housing market. For every renter household in Lennox, South Dakota, there are 1 rental units.

What is the vacancy rate for rentals in Lennox?

The rental vacancy rate in Lennox is 4 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 Lennox for each bedroom size?

Occupied Rental Units by Size in Lennox
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
6 47 155 66 46
Occupied Rental Units by Size in Lennox

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

Among renter households in this market, 64 percent have housing cost burden. Further, 14 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 Lennox

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 Lennox, South Dakota

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

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 6 100 percent
One BR 45 96 percent
Two BR 125 81 percent
Rental Units Below FMR in Lennox, South Dakota

How many affordable rental units are in Lennox?

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

Federal Program Unit Count
Public Housing 29
Section 8 Project-Based Rental Assistance 16
Tracked Units by Federal Program in Lennox, South Dakota

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

Income Based Apartments in Lennox, South Dakota

Lennox features 58 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 Lennox, South Dakota

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

Housing Choice Vouchers in Lennox, South Dakota

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.