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

Discover affordable housing in Springfield where there are 2+ 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.

Valley View Apartments

1312 Elm St, Springfield, South Dakota 57062

Cedar Hickory Apartments

910 9th St, Springfield, South Dakota 57062

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

How many renters live in Springfield, South Dakota?

The City of Springfield has 2,216 people living in 349 households.

There are 218 renters living in 127 renter households in this City. Renters make up 9.84 percent of the population living in Springfield.

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

There are an estimated 434 housing units in the Springfield area. Of these, 137 units are rental homes, making up 32 percent of the housing market. For every renter household in Springfield, South Dakota, there are 1 rental units.

What is the vacancy rate for rentals in Springfield?

The rental vacancy rate in Springfield is 7 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 Springfield for each bedroom size?

Occupied Rental Units by Size in Springfield
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
12 17 34 54 6
Occupied Rental Units by Size in Springfield

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

Among renter households in this market, 44 percent have housing cost burden. Further, 8 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 Springfield

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,462. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $613
One BR $712
Two BR $905
Three BR $1,275
Four BR $1,462
2024 Fair Market Rents in Springfield, South Dakota

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

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 2 17 percent
One BR 11 65 percent
Two BR 31 91 percent
Rental Units Below FMR in Springfield, South Dakota

How many affordable rental units are in Springfield?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 8
USDA Section 515 Rural Rental Housing 15
Tracked Units by Federal Program in Springfield, South Dakota

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

Income Based Apartments in Springfield, South Dakota

Springfield features 27 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 Springfield, South Dakota

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

Housing Choice Vouchers in Springfield, South Dakota

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.