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

Discover affordable housing in Pennington County where there are 53+ 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.

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Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Pennington County, South Dakota
$22.03/hour
$10.83 (+97%) more than South Dakota minimum wage and $14.78 (+204%) more than the Federal minimum wage.
Learn More About Pennington County, South Dakota Affordable Housing ↓

What HUD offices serve Pennington 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 Pennington County, South Dakota.

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

How many renters live in Pennington County, South Dakota?

The County of Pennington County has 114,461 people living in 47,370 households.

There are 30,673 renters living in 15,215 renter households in this County. Renters make up 26.8 percent of the population living in Pennington County.

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

There are an estimated 49,747 housing units in the Pennington County area. Of these, 15,036 units are rental homes, making up 30 percent of the housing market. For every renter household in Pennington County, South Dakota, there are 1 rental units.

What is the vacancy rate for rentals in Pennington County?

The rental vacancy rate in Pennington 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 Pennington County for each bedroom size?

Occupied Rental Units by Size in Pennington County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
1,080 3,815 7,443 2,177 639
Occupied Rental Units by Size in Pennington County

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

Among renter households in this market, 50 percent have housing cost burden. Further, 21 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 Pennington County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $788 to $1,781. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $788
One BR $886
Two BR $1,163
Three BR $1,592
Four BR $1,781
2024 Fair Market Rents in Pennington County, South Dakota

How many units are rented at Fair Market Rent (FMR) in Pennington 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 849 79 percent
One BR 2,368 62 percent
Two BR 4,242 57 percent
Rental Units Below FMR in Pennington County, South Dakota

How many affordable rental units are in Pennington County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 1,280
Public Housing 500
Section 8 Project-Based Rental Assistance 956
Section 811 Supportive Housing for Persons with Disabilities 19
USDA Section 515 Rural Rental Housing 161
Tracked Units by Federal Program in Pennington County, South Dakota

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

Income Based Apartments in Pennington County, South Dakota

Pennington County features 1,408 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 Pennington County, South Dakota

There are 950 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pennington County.

Housing Choice Vouchers in Pennington County, South Dakota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Pennington County, South Dakota for a two-bedroom apartment is between $1,047 and $1,279.

Sourced from federal housing data and AffordableHousingOnline.com research.