; Low Income Apartments For Rent in Flandreau, SD

Foxcroft II

601 S Center St
Flandreau, South Dakota
Rent Assisted
LIHTC

Four Winds Apartments

300 E Elm Ave
Flandreau, South Dakota
Subsidized
PBRA

Foxcroft I and II Apartments

101 W Broad Ave
Flandreau, South Dakota
Subsidized
Rent Assisted
Senior
Supportive
LIHTC
S515
RDRA

Boulder Heights Apartments

209 South St W
Flandreau, South Dakota
Subsidized
Rent Assisted
Senior
Supportive
S515
RDRA

Scattered Sites ( Pray Property

204 W 2nd Ave
Flandreau, South Dakota
Rent Assisted
LIHTC
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There are 14 low-income apartments in Flandreau that offer reduced rents to eligible households.

Rental assistance programs support 64 low-income homes in Flandreau where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Flandreau, South Dakota Affordable Housing Data

Income Based Apartments in Flandreau, South Dakota

Flandreau features 64 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 Flandreau, South Dakota

There are 14 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Flandreau.

Housing Choice Vouchers in Flandreau, South Dakota

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

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

2024 Flandreau, South Dakota Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Flandreau, South Dakota Fair Market Rent $613 $689 $905 $1,256 $1,536
Flandreau, South Dakota Payment Standard Range $552 to $674 $620 to $758 $815 to $996 $1,130 to $1,382 $1,382 to $1,690

Sourced from federal housing data and AffordableHousingOnline.com research.

Flandreau, SD Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 78
Total Housing Units with Rental Assistance 64
Percentage of Housing Units Occupied By Renters 42.77%
Average Renter Household Size 2.12
Average Household Size 2.06
Median Household Income $41,750 ±$3,282
Median Rent $507 ±$41
Percentage Of Renters Overburdened 20.48% ± 7.22pp
Total Population 2,082

Population and Household Demographics

Flandreau is a city in Moody County, South Dakota with a population of 2,082. There are 982 households in the city with an average household size of 2.06 persons. 42.77% of households in Flandreau are renters.

Income and Rent Overburden in Flandreau

The median gross income for households in Flandreau is $41,750 a year, or $3,479 a month. The median rent for the city is $507 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Flandreau, a household making less than $1,690 a month would be considered overburdened when renting an apartment at or above the median rent. 20.48% of households who rent are overburdened in Flandreau.

Area Median Income In Flandreau

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Flandreau, the AMI is calculated from all households within Moody County.

In Flandreau, HUD calculates the Area Median Income for a family of four as $94,400

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Flandreau

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Flandreau

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Flandreau AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,750 $21,400 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Flandreau AMI may qualify for rental assistance programs that target Very Low Income households.
$31,250 $35,700 $40,150 $44,600 $48,200 $51,750 $55,350 $58,900
80% AMI Income Limits
Renters earning up to 80% of the Flandreau AMI may qualify for rental assistance programs that target Low Income households.
$49,950 $57,100 $64,250 $71,350 $77,100 $82,800 $88,500 $94,200