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

Discover affordable housing in Haakon County where there are 3+ 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.

Senechal Apartments

101 N Center Ave, Philip, South Dakota 57567

Riverview Townhouses

302 Pine, Philip, South Dakota 57567

Philip Plaza

402 Nlarimar Av, Philip, South Dakota 57567

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Haakon County, South Dakota
$19.15/hour
$7.95 (+71%) more than South Dakota minimum wage and $11.90 (+164%) more than the Federal minimum wage.
Learn More About Haakon County, South Dakota Affordable Housing ↓

How many renters live in Haakon County, South Dakota?

The County of Haakon County has 1,755 people living in 709 households.

There are 311 renters living in 169 renter households in this County. Renters make up 17.72 percent of the population living in Haakon County.

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

There are an estimated 914 housing units in the Haakon County area. Of these, 187 units are rental homes, making up 20 percent of the housing market. For every renter household in Haakon County, South Dakota, there are 1 rental units.

What is the vacancy rate for rentals in Haakon County?

The rental vacancy rate in Haakon County is 10 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 Haakon County for each bedroom size?

Occupied Rental Units by Size in Haakon County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 29 33 99 8
Occupied Rental Units by Size in Haakon County

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

Among renter households in this market, 11 percent have housing cost burden. Further, 11 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 Haakon County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $685 to $1,624. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $685
One BR $769
Two BR $1,011
Three BR $1,338
Four BR $1,624
2024 Fair Market Rents in Haakon County, South Dakota

How many units are rented at Fair Market Rent (FMR) in Haakon 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
One BR 23 79 percent
Two BR 13 39 percent
Rental Units Below FMR in Haakon County, South Dakota

How many affordable rental units are in Haakon County?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 26
Tracked Units by Federal Program in Haakon County, South Dakota

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

Income Based Apartments in Haakon County, South Dakota

Haakon County 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 Haakon County, South Dakota

There are 4 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Haakon County.

Housing Choice Vouchers in Haakon County, South Dakota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Haakon County, South Dakota for a two-bedroom apartment is between $910 and $1,112.

Sourced from federal housing data and AffordableHousingOnline.com research.