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

Discover affordable housing in McPherson County 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.

Kenwood Manor

407 3rd St, Leola, South Dakota 57456

Intown Rentals

605 2nd Street, Eureka, South Dakota

Open Until Further Notice

Reported On February 23rd, 2024 by Chris Madden

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

What HUD offices serve McPherson County, 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 McPherson County, South Dakota.

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

How many renters live in McPherson County, South Dakota?

The County of McPherson County has 2,251 people living in 872 households.

There are 432 renters living in 187 renter households in this County. Renters make up 19.19 percent of the population living in McPherson County.

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

There are an estimated 1,255 housing units in the McPherson County area. Of these, 220 units are rental homes, making up 18 percent of the housing market. For every renter household in McPherson County, South Dakota, there are 1 rental units.

What is the vacancy rate for rentals in McPherson County?

The rental vacancy rate in McPherson County is 12 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 McPherson County for each bedroom size?

Occupied Rental Units by Size in McPherson County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 46 74 40 16
Occupied Rental Units by Size in McPherson County

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

Among renter households in this market, 20 percent have housing cost burden. Further, 4 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 McPherson 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 McPherson County, South Dakota

How many units are rented at Fair Market Rent (FMR) in McPherson 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 43 93 percent
Two BR 45 61 percent
Rental Units Below FMR in McPherson County, South Dakota

How many affordable rental units are in McPherson County?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 25
Tracked Units by Federal Program in McPherson County, South Dakota

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

Income Based Apartments in McPherson County, South Dakota

McPherson County features 25 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 McPherson County, South Dakota

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

Housing Choice Vouchers in McPherson County, South Dakota

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.