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

Discover affordable housing in Jerauld County where there are 4+ 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.

North View Apartments

203 6th St NE, Wessington Springs, South Dakota 57382

Walker Apartments

517 College Ave N, Wessington Springs, South Dakota 57382

Wessington Springs

519 College Ave N, Wessington Springs, South Dakota 57382

South Dakota - Weskota Apartments

204 Slocum Ave N, Wessington Springs, South Dakota 57382

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Jerauld County, South Dakota
$18.31/hour
$7.11 (+64%) more than South Dakota minimum wage and $11.06 (+153%) more than the Federal minimum wage.
Learn More About Jerauld County, South Dakota Affordable Housing ↓

How many renters live in Jerauld County, South Dakota?

The County of Jerauld County has 1,836 people living in 859 households.

There are 202 renters living in 125 renter households in this County. Renters make up 11 percent of the population living in Jerauld County.

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

There are an estimated 1,016 housing units in the Jerauld County area. Of these, 143 units are rental homes, making up 14 percent of the housing market. For every renter household in Jerauld County, South Dakota, there are 1 rental units.

What is the vacancy rate for rentals in Jerauld County?

The rental vacancy rate in Jerauld County is 6 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 Jerauld County for each bedroom size?

Occupied Rental Units by Size in Jerauld County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 43 23 31 28
Occupied Rental Units by Size in Jerauld County

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

Among renter households in this market, 14 percent have housing cost burden. Further, 7 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 Jerauld County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $655 to $1,554. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $655
One BR $736
Two BR $967
Three BR $1,280
Four BR $1,554
2024 Fair Market Rents in Jerauld County, South Dakota

How many units are rented at Fair Market Rent (FMR) in Jerauld 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 42 98 percent
Two BR 6 26 percent
Rental Units Below FMR in Jerauld County, South Dakota

How many affordable rental units are in Jerauld County?

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

Federal Program Unit Count
Public Housing 19
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Jerauld County, South Dakota

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

Income Based Apartments in Jerauld County, South Dakota

Jerauld County features 53 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 Jerauld County, South Dakota

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

Housing Choice Vouchers in Jerauld County, South Dakota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Jerauld County, South Dakota for a two-bedroom apartment is between $870 and $1,064.

Sourced from federal housing data and AffordableHousingOnline.com research.