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Low Income Apartments and Affordable Housing For Rent in Mount Vernon, SD

Discover affordable housing in Mount Vernon 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.

Image of Mt Vernon Manors

Mt Vernon Manors

101 S Haynes St, Mount Vernon, South Dakota 57363

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Mount Vernon, South Dakota

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
 Low income apartments with no or short waiting lists.
payment Subsidized
 Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
 Apartments that accept Section 8 vouchers near you
elderly Senior
 Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
 Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
 Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
 Apartments for individuals or families with disabilities.

Davidson and Hanson County, South Dakota Housing and Redevelopment Commission Section 8 HCV

Open Until Further Notice
calendar_month
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Reported On February 23rd, 2024 by Vanea Gardner

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Mount Vernon, South Dakota
$17.94/hour
$6.74 (+60%) more than South Dakota minimum wage and $10.69 (+147%) more than the Federal minimum wage.
Learn More About Mount Vernon, South Dakota Affordable Housing ↓

What HUD offices serve Mount Vernon, 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.

City of Mitchell Housing and Redevolpment Commission
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Mount Vernon, South Dakota.

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

How many renters live in Mount Vernon, South Dakota?

The City of Mount Vernon has people living in households.

There are renters living in renter households in this City. Renters make up 31.68 percent of the population living in Mount Vernon.

What is the rental market like in Mount Vernon, South Dakota?

There are an estimated housing units in the Mount Vernon area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Mount Vernon, South Dakota, there are 1.14 rental units.

What is the vacancy rate for rentals in Mount Vernon?

The rental vacancy rate in Mount Vernon is 12 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 Mount Vernon for each bedroom size?

Occupied Rental Units by Size in Mount Vernon
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 1 57 16 4
Occupied Rental Units by Size in Mount Vernon

A large number of apartments in Mount Vernon have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Mount Vernon

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $642 to $1,607. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $642
One BR $721
Two BR $947
Three BR $1,309
Four BR $1,607
2024 Fair Market Rents in Mount Vernon, South Dakota

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

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 0 100 percent
Two BR 54 95 percent
Rental Units Below FMR in Mount Vernon, South Dakota

How many affordable rental units are in Mount Vernon?

Income Based Apartments in Mount Vernon, South Dakota

Mount Vernon 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 Mount Vernon, South Dakota

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

Housing Choice Vouchers in Mount Vernon, South Dakota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Mount Vernon, South Dakota for a two-bedroom apartment is between $852 and $1,042.

Sourced from federal housing data and AffordableHousingOnline.com research.