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

Discover affordable housing in Woonsocket 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.

Prairie View Homes

301 S 1st Ave, Woonsocket, South Dakota 57385

Prairie View Homes

201 W Main St, Woonsocket, South Dakota 57385

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

How many renters live in Woonsocket, South Dakota?

The City of Woonsocket has 710 people living in 299 households.

There are 186 renters living in 102 renter households in this City. Renters make up 26.2 percent of the population living in Woonsocket.

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

There are an estimated 352 housing units in the Woonsocket area. Of these, 117 units are rental homes, making up 33 percent of the housing market. For every renter household in Woonsocket, South Dakota, there are 1 rental units.

What is the vacancy rate for rentals in Woonsocket?

The rental vacancy rate in Woonsocket is 8 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 Woonsocket for each bedroom size?

Occupied Rental Units by Size in Woonsocket
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
8 52 27 9 6
Occupied Rental Units by Size in Woonsocket

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

Among renter households in this market, 42 percent have housing cost burden. Further, 3 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 Woonsocket

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 $689
Two BR $905
Three BR $1,275
Four BR $1,454
2024 Fair Market Rents in Woonsocket, South Dakota

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

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 8 100 percent
One BR 44 85 percent
Two BR 24 89 percent
Rental Units Below FMR in Woonsocket, South Dakota

How many affordable rental units are in Woonsocket?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 52
Tracked Units by Federal Program in Woonsocket, South Dakota

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

Income Based Apartments in Woonsocket, South Dakota

Woonsocket features 26 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 Woonsocket, South Dakota

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

Housing Choice Vouchers in Woonsocket, South Dakota

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.