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

Discover affordable housing in Tripp 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.

C and M Apartments

104 S Vilhauer St, Tripp, South Dakota 57376

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Tripp, South Dakota
$18.48/hour
$7.28 (+65%) more than South Dakota minimum wage and $11.23 (+155%) more than the Federal minimum wage.
Learn More About Tripp, South Dakota Affordable Housing ↓

How many renters live in Tripp, South Dakota?

The City of Tripp has 533 people living in 290 households.

There are 109 renters living in 89 renter households in this City. Renters make up 20.45 percent of the population living in Tripp.

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

There are an estimated 340 housing units in the Tripp area. Of these, 89 units are rental homes, making up 26 percent of the housing market. For every renter household in Tripp, South Dakota, there are 1 rental units.

What is the vacancy rate for rentals in Tripp?

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

Occupied Rental Units by Size in Tripp
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 47 33 9 0
Occupied Rental Units by Size in Tripp

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

Among renter households in this market, 6 percent have housing cost burden. Further, 6 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 Tripp

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $662 to $1,300. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $662
One BR $743
Two BR $976
Three BR $1,195
Four BR $1,300
2024 Fair Market Rents in Tripp, South Dakota

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

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 47 100 percent
Two BR 18 55 percent
Rental Units Below FMR in Tripp, South Dakota

How many affordable rental units are in Tripp?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 8
Tracked Units by Federal Program in Tripp, South Dakota

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

Income Based Apartments in Tripp, South Dakota

Tripp features 16 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 Tripp, South Dakota

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

Housing Choice Vouchers in Tripp, South Dakota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Tripp, South Dakota for a two-bedroom apartment is between $878 and $1,074.

Sourced from federal housing data and AffordableHousingOnline.com research.