North Ridge Apartments

530 Lyons Ave, Sioux Falls, South Dakota 57106

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North Ridge Apartments is managed by Costello Companies.

Apartment community offering one (1), two (2), three (3) and four (4) bedroom units.

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 633 $587
2 Bedroom (2/1) 875 $667
3 Bedroom (3/2) 1 $1,178
4 Bedroom (4/2) 1 $836

Eligibility for North Ridge Apartments

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 Sioux Falls but actual income limits may differ for units at North Ridge Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $33,600 $38,400 $43,200 $48,000 $51,850 $55,700 $59,550 $63,400
Low Income (60%) $40,320 $46,080 $51,840 $57,600 $62,220 $66,840 $71,460 $76,080

North Ridge Apartments Details

  • 60 one, two, three and four bedroom units.
  • Water and Sewer utilities included in rent
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Controlled Access
  • Playground
  • Basketball Court
  • Community Room
  • Laundry Facilities
  • 24 Hour Maintenance
  • Picnic Area
  • Wheel Chair Accessible

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Washer and Dryer Hookup
  • Cable Ready
  • Walk-in Closet(s)
  • Yard
  • Storage
  • Water Trash and Sewer Included
  • Mini Blinds & Curtain Rods
  • Private Patios
  • Deadbolt Locks and Wide Angle Door Viewers
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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