Horizon Apartments

3520 N 4th Ave, Sioux Falls, SD 57104

Waiting List Forecast: Likely Short or None

check_circleVerified for 2022 by Marley Grafsgard, Lorena Bentley

Rent	Beds	Baths	SqFt
$820 - 960 per Month^†	2 - 3 Beds	1 - 2 Baths	1 - 802 Sq Ft

Call (833) 250-3032 Email

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

If you are looking for newly renovated apartments with modern dark finishes in North Sioux Falls- this is it! Horizon Place Apartments is just off of Benson and N. 4th Avenue in Sioux Falls, SD and has easy access to I-229. This community offers amenities including play area, a sports court, and washer and dryers on-site.

Dave's Thoughts On Horizon Apartments

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Horizon Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

~ Dave Layfield, Founder of Affordable Housing Online

Horizon Apartments Amenities

Controlled Access
Playground
On-Site Manager
Close to Public Transportation
Off-Street Parking
Air Conditioning
Dishwasher
Microwave
Refrigerator
Laundry Facilities
Large Closets
On-Site Security

Units at Horizon Apartments

Unit (Bd/Ba)	Ft²	Rent
2 Bedroom (2/1)	802ft²	$820^†
3 Bedroom (3/2)	1ft²	$960^†

Income Qualification for Horizon Apartments

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people
50% AMI for LIHTC Units	$33,600 / year	$38,400 / year	$43,200 / year	$48,000 / year	$51,850 / year	$55,700 / year
50% AMI for PBRA Units	$33,600 / year	$38,400 / year	$43,200 / year	$48,000 / year	$51,850 / year	$55,700 / year
60% AMI for LIHTC Units	$40,320 / year	$46,080 / year	$51,840 / year	$57,600 / year	$62,220 / year	$66,840 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Horizon Apartments

Does Horizon Apartments have a waiting list?

Horizon Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Horizon Apartments?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges Horizon Apartments?

Horizon Apartments is managed by Lloyd Companies headquartered in Sioux Falls, SD.

In addition to Horizon Apartments, how many other affordable housing properties (and units) are there in Sioux Falls?

In addition to Horizon Apartments, we list 201 other affordable properties in Sioux Falls. Learn about these properties here. Our data research shows that there are a total of 4686 affordable units in Sioux Falls.