Low Income Apartments and Affordable Housing For Rent in Sioux Falls, SD

Discover affordable housing in Sioux Falls where there are 202+ 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.

Aft Properties

422 N Spring Ave, Sioux Falls, South Dakota 57104

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Westwood Apartments

8740 W 32nd St, Sioux Falls, South Dakota 57106

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in Sioux Falls, 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: Aug 29
Open Until Further Notice
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Reported On August 29th, 2023 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Sioux Falls, South Dakota
$19.73/hour
$8.53 (+76%) more than South Dakota minimum wage and $12.48 (+172%) more than the Federal minimum wage.
Learn More About Sioux Falls, South Dakota Affordable Housing ↓

What HUD offices serve Sioux Falls, 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, Veteran Affairs Supportive Housing (VASH), Moderate Rehabilitation, Housing Opportunities for Persons with AIDS (HOPWA), Shelter Plus Care, Emergency Housing Voucher (EHV) programs for Sioux Falls, South Dakota.

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

How many renters live in Sioux Falls, South Dakota?

The City of Sioux Falls has people living in households.

There are renters living in renter households in this City. Renters make up 28.72 percent of the population living in Sioux Falls.

What is the rental market like in Sioux Falls, South Dakota?

There are an estimated housing units in the Sioux Falls area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Sioux Falls, South Dakota, there are 1.03 rental units.

What is the vacancy rate for rentals in Sioux Falls?

The rental vacancy rate in Sioux Falls 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 Sioux Falls for each bedroom size?

Occupied Rental Units by Size in Sioux Falls
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
1,425 12,607 12,015 4,214 1,724
Occupied Rental Units by Size in Sioux Falls

A large number of apartments in Sioux Falls 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 Sioux Falls

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $769 to $1,768. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $769
One BR $884
Two BR $1,042
Three BR $1,417
Four BR $1,768
2024 Fair Market Rents in Sioux Falls, South Dakota

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

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 1,058 74 percent
One BR 6,862 54 percent
Two BR 6,226 52 percent
Rental Units Below FMR in Sioux Falls, South Dakota

How many affordable rental units are in Sioux Falls?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Mod Rehab Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
Tracked Units by Federal Program in Sioux Falls, South Dakota

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

Income Based Apartments in Sioux Falls, South Dakota

Sioux Falls features 1,350 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 Sioux Falls, South Dakota

There are 3,336 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sioux Falls.

Housing Choice Vouchers in Sioux Falls, South Dakota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Sioux Falls, South Dakota for a two-bedroom apartment is between $938 and $1,146.

Sourced from federal housing data and AffordableHousingOnline.com research.

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