Clear Spring Apartments

2425 Clear Spring Rd, Spearfish, SD 57783

Waiting List Forecast: Likely Short or None

check_circleVerified for 2022 by Lorena Bentley

Rent	Beds	Baths	SqFt
$956 - 1,097 per Month^†	2 - 3 Beds	2 Baths	1,014 - 1,174 Sq Ft

Call (660) 225-0553

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.

Welcome home to Clear Spring Apartments, located in Spearfish, South Dakota.

Clear Spring Apartments offers affordable two and three bedroom apartments, featuring spacious living areas, fully-equipped kitchens, and generous storage space. Our community also offers many great amenities including a children’s playground and clubhouse.

If you want to get out and about, you’ll find great dining, shopping, and entertainment options very close by, such as Crow Peak Brewing, Guadalajara Mexican Restaurant and Bar, and Spearfish Rec Center. Clear Spring Apartments is also located near several of the area’s top employers and schools, including Regional Health Spearfish Hospital and Black Hills State University. With excellent access to major roads such as I-90, you can be anywhere in the area in just minutes. Apartment living has never been so convenient!

Want to find the perfect apartment for you? Call or visit Clear Spring Apartments today!

Dave's Thoughts On Clear Spring 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 Clear Spring 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

Clear Spring Apartments Amenities

Garbage Disposal
Sewer Included
Water Included
Cable & Internet Ready

Units at Clear Spring Apartments

Unit (Bd/Ba)	Ft²	Rent
Two Bedroom (2/2)	1014ft²	$956^†
Three Bedroom (3/2)	1174ft²	$1,097^†

Income Qualification for Clear Spring 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	$30,100 / year	$34,400 / year	$38,700 / year	$43,000 / year	$46,450 / year	$49,900 / year
50% AMI for PBRA Units	$30,100 / year	$34,400 / year	$38,700 / year	$43,000 / year	$46,450 / year	$49,900 / year
60% AMI for LIHTC Units	$36,120 / year	$41,280 / year	$46,440 / year	$51,600 / year	$55,740 / year	$59,880 / year

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

FAQs for Clear Spring Apartments

Does Clear Spring Apartments have a waiting list?

Clear Spring 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 Clear Spring 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 Clear Spring Apartments?

Clear Spring Apartments is managed by Highland Property Management headquartered in Missoula, MT.

In addition to Clear Spring Apartments, how many other affordable housing properties (and units) are there in Spearfish?

In addition to Clear Spring Apartments, we list 21 other affordable properties in Spearfish. Learn about these properties here. Our data research shows that there are a total of 891 affordable units in Spearfish.