Low Income Apartments and Affordable Housing For Rent in Roscoe, SD

Discover affordable housing in Roscoe where there are 1+ 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.

Roscoe Senior Housing

105 Seward Ave, Roscoe, South Dakota 57471

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Roscoe, South Dakota
$17.14/hour
$5.94 (+53%) more than South Dakota minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Roscoe, South Dakota Affordable Housing ↓

How many renters live in Roscoe, South Dakota?

The City of Roscoe has 329 people living in 158 households.

There are 44 renters living in 9 renter households in this City. Renters make up 13.37 percent of the population living in Roscoe.

What is the rental market like in Roscoe, South Dakota?

There are an estimated 191 housing units in the Roscoe area. Of these, 18 units are rental homes, making up 9 percent of the housing market. For every renter household in Roscoe, South Dakota, there are 2 rental units.

What is the vacancy rate for rentals in Roscoe?

The rental vacancy rate in Roscoe is 50 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Roscoe for each bedroom size?

Occupied Rental Units by Size in Roscoe
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 0 4 0 3
Occupied Rental Units by Size in Roscoe

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

Among renter households in this market, 0 percent have housing cost burden. Further, 0 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 Roscoe

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,454. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $613
One BR $689
Two BR $905
Three BR $1,198
Four BR $1,454
2024 Fair Market Rents in Roscoe, South Dakota

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

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
Two BR 2 50 percent
Rental Units Below FMR in Roscoe, South Dakota

How many affordable rental units are in Roscoe?

Income Based Apartments in Roscoe, South Dakota

Roscoe features 12 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 Roscoe, South Dakota

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

Housing Choice Vouchers in Roscoe, South Dakota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Roscoe, South Dakota for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.