Low Income Apartments and Affordable Housing For Rent in Rapid City, SD

Discover affordable housing in Rapid City where there are 63+ 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.

Rapid Creek

1158 Anamosa St , Rapid City, South Dakota 57701

bed 3-4
payment $679-728/mo.
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Maplewood Apartments

5 E Knollwood Drive, Rapid City, South Dakota 57701

bed 1-4
payment $666-1128/mo.
payment Subsidized

Pine Crest Village

721 Eldene Ln , Rapid City, South Dakota 57701

bed 2
payment $541-700/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Edgewood Estates

721 Eldene Ln , Rapid City, South Dakota 57701

bed 2-3
payment $479-876/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Eagle Ridge

121 Stumer Rd , Rapid City, South Dakota 57701

bed 2-3
payment $452-877/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Whisper Rock Apartments

4216 Berniece Street, Rapid City, South Dakota 57703

bed 1-3
payment $270-830/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Denver Terrace Apartments

110 Denver St, Rapid City, South Dakota 57701

bed Studio-1
payment Subsidized

Meadow Ridge Apartments

5635 Meadow Ridge Drive, Rapid City, South Dakota 57703

bed 1-2
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior

I - 90 Pleasant Hill Village

1714 N 7th St, Rapid City, South Dakota 57701

bed 2-3
payment Subsidized

Cedar Ridge Townhouses

4302 Cedar Ridge Pl, Rapid City, South Dakota 57702

bed 1-3
payment Subsidized

Northern Heights

914 Explorer St , Rapid City, South Dakota 57104

bed 1
switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Driftwood Estates

428 E Fairlane Dr , Rapid City, South Dakota 57701

bed 2-3
switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Knollwood Heights

100 Surfwood Dr Apt 13 , Rapid City, South Dakota 57701

bed 1-2
switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Sage View Glen Apartments

201 E. Minnesota St., Rapid City, South Dakota 57701

bed 1-2

Discovery Village

1075 Anamosa St, Rapid City, South Dakota 57701

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Indiana Home

232 E Indiana St, Rapid City, South Dakota 57701

switch_access_shortcut Short Wait

Galaxy Apartments

1820 Galaxy Dr, Rapid City, South Dakota 57701

payment Subsidized
accessibility Accessible
accessible_forward Disability

Lakota Community Homes

719 Wambli Dr, Rapid City, South Dakota 57701

payment Subsidized

West Park

1018 11th St, Rapid City, South Dakota 57701

payment Subsidized

St Cloud

1212 E Saint Cloud St, Rapid City, South Dakota 57701

payment Subsidized

How To Identify Affordable Housing in Rapid City, South Dakota

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
calendar_today Opened: Sep 1
Open Until Further Notice
devices

Reported On April 4th, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Rapid City, 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 Rapid City, South Dakota Affordable Housing ↓

What HUD offices serve Rapid City, 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 Rapid City, South Dakota.

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

How many renters live in Rapid City, South Dakota?

The City of Rapid City has people living in households.

There are renters living in renter households in this City. Renters make up 35.83 percent of the population living in Rapid City.

What is the rental market like in Rapid City, South Dakota?

There are an estimated housing units in the Rapid City area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Rapid City, South Dakota, there are 0.92 rental units.

What is the vacancy rate for rentals in Rapid City?

The rental vacancy rate in Rapid City 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 Rapid City for each bedroom size?

Occupied Rental Units by Size in Rapid City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
1,080 3,802 7,110 1,899 332
Occupied Rental Units by Size in Rapid City

A large number of apartments in Rapid City have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Rapid City

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 Rapid City, South Dakota

How many units are rented at Fair Market Rent (FMR) in Rapid City?

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 2,355 62 percent
Two BR 4,027 57 percent
Rental Units Below FMR in Rapid City, South Dakota

How many affordable rental units are in Rapid City?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Section 811 Supportive Housing for Persons with Disabilities
Tracked Units by Federal Program in Rapid City, South Dakota

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

Income Based Apartments in Rapid City, South Dakota

Rapid City features 1,335 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 Rapid City, South Dakota

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

Housing Choice Vouchers in Rapid City, South Dakota

On average, Section 8 Housing Choice vouchers pay Rapid City landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Rapid City.

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

Sourced from federal housing data and AffordableHousingOnline.com research.

Email Signup
Don't Miss A Waiting List Opening