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

Discover affordable housing in Roslyn 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.

Roslyn Homes

818 1st St W, Roslyn, South Dakota 57261

Open Until Further Notice

Reported On February 23rd, 2024 by Chris Madden

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

What HUD offices serve Roslyn, 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 Roslyn, South Dakota.

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

How many renters live in Roslyn, South Dakota?

The City of Roslyn has 183 people living in 69 households.

There are 31 renters living in 12 renter households in this City. Renters make up 16.94 percent of the population living in Roslyn.

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

There are an estimated 95 housing units in the Roslyn area. Of these, 12 units are rental homes, making up 13 percent of the housing market. For every renter household in Roslyn, South Dakota, there are 1 rental units.

What is the vacancy rate for rentals in Roslyn?

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

Occupied Rental Units by Size in Roslyn
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 3 9 0 0
Occupied Rental Units by Size in Roslyn

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

Among renter households in this market, 42 percent have housing cost burden. Further, 17 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 Roslyn

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 $710
Two BR $905
Three BR $1,177
Four BR $1,454
2024 Fair Market Rents in Roslyn, South Dakota

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

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 3 100 percent
Two BR 7 78 percent
Rental Units Below FMR in Roslyn, South Dakota

How many affordable rental units are in Roslyn?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 12
Tracked Units by Federal Program in Roslyn, South Dakota

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

Income Based Apartments in Roslyn, South Dakota

Roslyn features 12 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 Roslyn, South Dakota

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

Housing Choice Vouchers in Roslyn, South Dakota

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.