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

Discover affordable housing in Rosebud 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.

Wicozani Subdiv

Hwy 18 Ring Thunder, Rosebud, South Dakota 57570

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Rosebud, 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 Rosebud, South Dakota Affordable Housing ↓

How many renters live in Rosebud, South Dakota?

The City of Rosebud has 2,155 people living in 394 households.

There are 1,603 renters living in 273 renter households in this City. Renters make up 74.39 percent of the population living in Rosebud.

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

There are an estimated 457 housing units in the Rosebud area. Of these, 309 units are rental homes, making up 68 percent of the housing market. For every renter household in Rosebud, South Dakota, there are 1 rental units.

What is the vacancy rate for rentals in Rosebud?

The rental vacancy rate in Rosebud 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 Rosebud for each bedroom size?

Occupied Rental Units by Size in Rosebud
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 55 63 76 61
Occupied Rental Units by Size in Rosebud

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

Among renter households in this market, 17 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 Rosebud

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 $756
Two BR $905
Three BR $1,247
Four BR $1,454
2024 Fair Market Rents in Rosebud, South Dakota

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

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 43 78 percent
Two BR 41 65 percent
Rental Units Below FMR in Rosebud, South Dakota

How many affordable rental units are in Rosebud?

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

Federal Program Unit Count
Low Income Housing Tax Credit 15
USDA Section 515 Rural Rental Housing 10
Tracked Units by Federal Program in Rosebud, South Dakota

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

Income Based Apartments in Rosebud, South Dakota

Rosebud features 10 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 Rosebud, South Dakota

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

Housing Choice Vouchers in Rosebud, South Dakota

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.