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

Discover affordable housing in Fall River County where there are 8+ 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.

Mountain View Apartments

644 S 16th Avenue, Hot Springs, South Dakota 57747

Lincoln Avenue Apartments

2331 Lincoln Ave, Hot Springs, South Dakota 57747

Rc Springs Apartments

108 S 23rd St, Hot Springs, South Dakota 57747

Hillcrest Apartments

700 6th Ave, Edgemont, South Dakota 57735

Rainbow House

1730 Minnekahta Ave, Hot Springs, South Dakota 57747

Majestic View Townhouses

1601 Evanston Ave, Hot Springs, South Dakota 57747

Hot Springs

201 S River St, Hot Springs, South Dakota 57747

Century House

545 N River St, Hot Springs, South Dakota 57747

calendar_today Opened: Sep 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 Fall River County, South Dakota
$22.65/hour
$11.45 (+102%) more than South Dakota minimum wage and $15.40 (+212%) more than the Federal minimum wage.
Learn More About Fall River County, South Dakota Affordable Housing ↓

What HUD offices serve Fall River 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 Fall River County, South Dakota.

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

How many renters live in Fall River County, South Dakota?

The County of Fall River County has 7,079 people living in 3,221 households.

There are 1,289 renters living in 781 renter households in this County. Renters make up 18.21 percent of the population living in Fall River County.

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

There are an estimated 4,094 housing units in the Fall River County area. Of these, 800 units are rental homes, making up 20 percent of the housing market. For every renter household in Fall River County, South Dakota, there are 1 rental units.

What is the vacancy rate for rentals in Fall River County?

The rental vacancy rate in Fall River County is 2 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 Fall River County for each bedroom size?

Occupied Rental Units by Size in Fall River County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
51 230 312 161 15
Occupied Rental Units by Size in Fall River County

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

Among renter households in this market, 44 percent have housing cost burden. Further, 29 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 Fall River County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $811 to $1,921. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $811
One BR $910
Two BR $1,196
Three BR $1,446
Four BR $1,921
2024 Fair Market Rents in Fall River County, South Dakota

How many units are rented at Fair Market Rent (FMR) in Fall River 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 44 86 percent
One BR 218 95 percent
Two BR 246 79 percent
Rental Units Below FMR in Fall River County, South Dakota

How many affordable rental units are in Fall River County?

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

Federal Program Unit Count
Public Housing 99
Section 8 Project-Based Rental Assistance 135
USDA Section 515 Rural Rental Housing 79
Tracked Units by Federal Program in Fall River County, South Dakota

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

Income Based Apartments in Fall River County, South Dakota

Fall River County features 308 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 Fall River County, South Dakota

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

Housing Choice Vouchers in Fall River County, South Dakota

On average, Section 8 Housing Choice vouchers pay Fall River County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Fall River County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Fall River County, South Dakota for a two-bedroom apartment is between $1,076 and $1,316.

Sourced from federal housing data and AffordableHousingOnline.com research.