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

Discover affordable housing in McCook County where there are 9+ 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.

Diamond Acres Apartments

150 W 10th St, Bridgewater, South Dakota 57319

Southtown Apartments

451 S Main St, Salem, South Dakota 57058

Mccormick Apartments

320 E 3rd St, Bridgewater, South Dakota 57319

St Stephens Apartments

330 E 4th St, Bridgewater, South Dakota 57319

Spencer Dev Corp

114 W 3rd St, Spencer, South Dakota 57374

Salem Apartments

430 E Beebe Ave, Salem, South Dakota 57058

Tibio Manor

211 S 2nd Ave, Montrose, South Dakota 57048

Rosemont Manor

207 W Main St, Montrose, South Dakota 57048

Canistota Apartments

358 N 4th Ave, Canistota, South Dakota 57012

calendar_today Opened: Nov 1
Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In McCook County, South Dakota
$19.73/hour
$8.53 (+76%) more than South Dakota minimum wage and $12.48 (+172%) more than the Federal minimum wage.
Learn More About McCook County, South Dakota Affordable Housing ↓

What HUD offices serve McCook 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 McCook County, South Dakota.

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

How many renters live in McCook County, South Dakota?

The County of McCook County has 5,714 people living in 2,218 households.

There are 840 renters living in 398 renter households in this County. Renters make up 14.7 percent of the population living in McCook County.

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

There are an estimated 2,465 housing units in the McCook County area. Of these, 429 units are rental homes, making up 17 percent of the housing market. For every renter household in McCook County, South Dakota, there are 1 rental units.

What is the vacancy rate for rentals in McCook County?

The rental vacancy rate in McCook County is 5 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 McCook County for each bedroom size?

Occupied Rental Units by Size in McCook County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
3 64 180 38 75
Occupied Rental Units by Size in McCook County

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

Among renter households in this market, 17 percent have housing cost burden. Further, 10 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 McCook County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $769 to $1,768. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $769
One BR $884
Two BR $1,042
Three BR $1,417
Four BR $1,768
2024 Fair Market Rents in McCook County, South Dakota

How many units are rented at Fair Market Rent (FMR) in McCook 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 3 100 percent
One BR 61 95 percent
Two BR 117 65 percent
Rental Units Below FMR in McCook County, South Dakota

How many affordable rental units are in McCook County?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in McCook County, South Dakota

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

Income Based Apartments in McCook County, South Dakota

McCook County features 80 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 McCook County, South Dakota

There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in McCook County.

Housing Choice Vouchers in McCook County, South Dakota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in McCook County, South Dakota for a two-bedroom apartment is between $938 and $1,146.

Sourced from federal housing data and AffordableHousingOnline.com research.