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

Discover affordable housing in Groton 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.

The Village - Groton

300 N Washington St, Groton, South Dakota 57445

How To Identify Affordable Housing in Groton, South Dakota

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
Open Until Further Notice
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Reported On February 23rd, 2024 by Chris Madden

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Groton, South Dakota
$18.18/hour
$6.98 (+62%) more than South Dakota minimum wage and $10.93 (+151%) more than the Federal minimum wage.
Learn More About Groton, South Dakota Affordable Housing ↓

What HUD offices serve Groton, 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 Groton, South Dakota.

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

How many renters live in Groton, South Dakota?

The City of Groton has people living in households.

There are renters living in renter households in this City. Renters make up 14.57 percent of the population living in Groton.

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

There are an estimated housing units in the Groton area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Groton, South Dakota, there are 1.15 rental units.

What is the vacancy rate for rentals in Groton?

The rental vacancy rate in Groton is 9 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 Groton for each bedroom size?

Occupied Rental Units by Size in Groton
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 17 110 8 8
Occupied Rental Units by Size in Groton

A large number of apartments in Groton have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Groton

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $746 to $1,629. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $746
One BR $751
Two BR $960
Three BR $1,353
Four BR $1,629
2024 Fair Market Rents in Groton, South Dakota

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

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 17 100 percent
Two BR 82 75 percent
Rental Units Below FMR in Groton, South Dakota

How many affordable rental units are in Groton?

Income Based Apartments in Groton, South Dakota

Groton features 17 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 Groton, South Dakota

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

Housing Choice Vouchers in Groton, South Dakota

On average, Section 8 Housing Choice vouchers pay Groton landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Groton.

The maximum amount a voucher would pay on behalf of a low-income tenant in Groton, South Dakota for a two-bedroom apartment is between $864 and $1,056.

Sourced from federal housing data and AffordableHousingOnline.com research.

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