Low Income Apartments and Affordable Housing For Rent in Box Elder, SD

Discover affordable housing in Box Elder where there are 5+ 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.

Northern Lights

615 Northern Lights Blvd , Box Elder, South Dakota 57719

Foothills East Apartments

302 Parker Dr, Box Elder, South Dakota 57719

Parker Apartments

305 Parker Dr, Box Elder, South Dakota 57719

Baker Apartments

617 Cardinal Dr, Box Elder, South Dakota 57719

Johnson Apartments

301 Parker Dr, Box Elder, South Dakota 57719

Open Until Further Notice

Reported On February 23rd, 2024 by Robin Lovelace

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Box Elder, South Dakota
$22.03/hour
$10.83 (+97%) more than South Dakota minimum wage and $14.78 (+204%) more than the Federal minimum wage.
Learn More About Box Elder, South Dakota Affordable Housing ↓

What HUD offices serve Box Elder, 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 Box Elder, South Dakota.

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

How many renters live in Box Elder, South Dakota?

The City of Box Elder has 11,905 people living in 4,120 households.

There are 5,067 renters living in 2,020 renter households in this City. Renters make up 42.56 percent of the population living in Box Elder.

What is the rental market like in Box Elder, South Dakota?

There are an estimated 4,606 housing units in the Box Elder area. Of these, 2,220 units are rental homes, making up 48 percent of the housing market. For every renter household in Box Elder, South Dakota, there are 1 rental units.

What is the vacancy rate for rentals in Box Elder?

The rental vacancy rate in Box Elder 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 Box Elder for each bedroom size?

Occupied Rental Units by Size in Box Elder
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
23 170 723 782 312
Occupied Rental Units by Size in Box Elder

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

Among renter households in this market, 35 percent have housing cost burden. Further, 5 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 Box Elder

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $784 to $1,962. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $784
One BR $880
Two BR $1,156
Three BR $1,546
Four BR $1,962
2024 Fair Market Rents in Box Elder, South Dakota

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

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 16 70 percent
One BR 55 32 percent
Two BR 376 52 percent
Rental Units Below FMR in Box Elder, South Dakota

How many affordable rental units are in Box Elder?

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

Federal Program Unit Count
Low Income Housing Tax Credit 114
USDA Section 515 Rural Rental Housing 96
Tracked Units by Federal Program in Box Elder, South Dakota

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

Income Based Apartments in Box Elder, South Dakota

Box Elder features 96 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 Box Elder, South Dakota

There are 30 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Box Elder.

Housing Choice Vouchers in Box Elder, South Dakota

On average, Section 8 Housing Choice vouchers pay Box Elder landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Box Elder.

The maximum amount a voucher would pay on behalf of a low-income tenant in Box Elder, South Dakota for a two-bedroom apartment is between $1,047 and $1,279.

Sourced from federal housing data and AffordableHousingOnline.com research.