Low Income Apartments and Affordable Housing For Rent in Grant County, SD

Discover affordable housing in Grant County where there are 8+ 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.

Milbank Apartments

208 N Middlebrook St, Milbank, South Dakota 57252

Big Stone Apartments

656 Walnut St, Big Stone City, South Dakota 57216

Middlebrook II

902 E Milbank Ave, Milbank, South Dakota 57252

Friendship Circle

520 Friendship Cir, Milbank, South Dakota 57252

Pheasant Valley Courtyard

604 S Madison St, Milbank, South Dakota 57252

Applecrest Apts

508 Lyon Ave, Big Stone City, South Dakota

Revillo Housing 1 and 2

300 N Main, Revillo, South Dakota 57259

Eastwood Apartments

1405 E Milbank Ave, Milbank, South Dakota 57252

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

How many renters live in Grant County, South Dakota?

The County of Grant County has 7,533 people living in 3,031 households.

There are 1,109 renters living in 562 renter households in this County. Renters make up 14.72 percent of the population living in Grant County.

What is the rental market like in Grant County, South Dakota?

There are an estimated 3,444 housing units in the Grant County area. Of these, 568 units are rental homes, making up 16 percent of the housing market. For every renter household in Grant County, South Dakota, there are 1 rental units.

What is the vacancy rate for rentals in Grant County?

The rental vacancy rate in Grant County is 1 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 Grant County for each bedroom size?

Occupied Rental Units by Size in Grant County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
76 138 190 84 56
Occupied Rental Units by Size in Grant County

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

Among renter households in this market, 37 percent have housing cost burden. Further, 22 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 Grant County

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 Grant County, South Dakota

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

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 76 100 percent
One BR 116 84 percent
Two BR 155 82 percent
Rental Units Below FMR in Grant County, South Dakota

How many affordable rental units are in Grant County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 8
Section 8 Project-Based Rental Assistance 110
USDA Section 515 Rural Rental Housing 64
Tracked Units by Federal Program in Grant County, South Dakota

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

Income Based Apartments in Grant County, South Dakota

Grant County features 148 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 Grant County, South Dakota

There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grant County.

Housing Choice Vouchers in Grant County, South Dakota

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.