Sundial Square Apartments I

106 Waterloo St, Rapid City, South Dakota 57701

Located on the edge of the downtown area in Rapid City. 1,2,3 & 4 bedroom apartments, all of which have fully equipped kitchens and wall air-conditioners. There is a laundry room with coin operated washers & dryers on the ground floor of each building. Garages are available for an additional fee. Our location is conveniently located within walking distance of downtown shopping and restaurants. There is an indoor swim center, ice rink, basketball courts, park with playground and fishing pond directly across the street and the local school bus picks up and drops off children on site. We are reasonably priced and close to everything you need. Section 8 voucher holders are welcome.

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Income Based
2 Bedroom (2/1) - Income Based
3 Bedroom (3/1) - Income Based
4 Bedroom (4/1) - Income Based

Eligibility for Sundial Square Apartments I

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Rapid City but actual income limits may differ for units at Sundial Square Apartments I.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $31,400 $35,900 $40,400 $44,850 $48,450 $52,050 $55,650 $59,250
Low Income (60%) $37,680 $43,080 $48,480 $53,820 $58,140 $62,460 $66,780 $71,100

Sundial Square Apartments I Details

  • 21 one, two, three and four bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Coin-Operated Laundry
Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

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