; Low Income Apartments For Rent in Howard, SD

Apply to Howard Apartment Waiting Lists

Howard

117 N Arthur St
Howard, South Dakota
Subsidized
Public Housing

Chestnut Apartments

201 N Douglas St
Howard, South Dakota
Rent Assisted
Senior
Supportive
LIHTC
S515
Showing Results 1-15
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There are 8 low-income apartments in Howard that offer reduced rents to eligible households.

Rental assistance programs support 20 low-income homes in Howard 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.

Public Housing Agencies Serving Howard, 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.

Housing Authority Programs
Howard Housing And Redevelopment Commission Public Housing
Madison Housing And Redevelopment Commission Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the South Dakota Public Housing and Low-Income Apartments Waiting Lists page for openings near Howard.

Howard, South Dakota Affordable Housing Data

Income Based Apartments in Howard, South Dakota

Howard features 20 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 Howard, South Dakota

There are 8 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Howard.

Housing Choice Vouchers in Howard, South Dakota

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

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

2024 Howard, 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
Howard, South Dakota Fair Market Rent $613 $689 $905 $1,198 $1,454
Howard, South Dakota Payment Standard Range $552 to $674 $620 to $758 $815 to $996 $1,078 to $1,318 $1,309 to $1,599

Sourced from federal housing data and AffordableHousingOnline.com research.

Howard, SD Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 28
Total Housing Units with Rental Assistance 20
Percentage of Housing Units Occupied By Renters 30.26%
Average Renter Household Size 1.74
Average Household Size 2.26
Median Household Income $44,375 ±$8,332
Median Rent $395 ±$323
Percentage Of Renters Overburdened 30.5% ± 14.63pp
Total Population 1,094

Population and Household Demographics

Howard is a city in Miner County, South Dakota with a population of 1,094. There are 466 households in the city with an average household size of 2.26 persons. 30.26% of households in Howard are renters.

Income and Rent Overburden in Howard

The median gross income for households in Howard is $44,375 a year, or $3,698 a month. The median rent for the city is $395 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Howard, a household making less than $1,317 a month would be considered overburdened when renting an apartment at or above the median rent. 30.5% of households who rent are overburdened in Howard.

Area Median Income In Howard

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 Howard, the AMI is calculated from all households within Miner County.

In Howard, HUD calculates the Area Median Income for a family of four as $87,100

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 Howard

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 Howard

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 Howard AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,450 $19,950 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Howard AMI may qualify for rental assistance programs that target Very Low Income households.
$29,050 $33,200 $37,350 $41,500 $44,850 $48,150 $51,500 $54,800
80% AMI Income Limits
Renters earning up to 80% of the Howard AMI may qualify for rental assistance programs that target Low Income households.
$46,500 $53,150 $59,800 $66,400 $71,750 $77,050 $82,350 $87,650