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

Discover affordable housing in Potter County where there are 3+ 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.

Hoven Enterprises

48 6th Avenue, Hoven, South Dakota

Sunrise Apts

504 South Davlin Street, Hoven, South Dakota

Courtyard Apartments

501 S Broadway St, Gettysburg, South Dakota 57442

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Potter County, South Dakota
$18.62/hour
$7.42 (+66%) more than South Dakota minimum wage and $11.37 (+157%) more than the Federal minimum wage.
Learn More About Potter County, South Dakota Affordable Housing ↓

How many renters live in Potter County, South Dakota?

The County of Potter County has 2,587 people living in 1,034 households.

There are 512 renters living in 229 renter households in this County. Renters make up 19.79 percent of the population living in Potter County.

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

There are an estimated 1,583 housing units in the Potter County area. Of these, 241 units are rental homes, making up 15 percent of the housing market. For every renter household in Potter County, South Dakota, there are 1 rental units.

What is the vacancy rate for rentals in Potter County?

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

Occupied Rental Units by Size in Potter County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 26 102 58 39
Occupied Rental Units by Size in Potter County

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

Among renter households in this market, 25 percent have housing cost burden. Further, 18 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 Potter County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $666 to $1,309. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $666
One BR $748
Two BR $983
Three BR $1,301
Four BR $1,309
2024 Fair Market Rents in Potter County, South Dakota

How many units are rented at Fair Market Rent (FMR) in Potter 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 17 65 percent
Two BR 63 62 percent
Rental Units Below FMR in Potter County, South Dakota

How many affordable rental units are in Potter County?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 20
Tracked Units by Federal Program in Potter County, South Dakota

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

Income Based Apartments in Potter County, South Dakota

Potter County features 36 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 Potter County, South Dakota

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

Housing Choice Vouchers in Potter County, South Dakota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Potter County, South Dakota for a two-bedroom apartment is between $885 and $1,081.

Sourced from federal housing data and AffordableHousingOnline.com research.