TOWN SQUARE APTS
Section 8- Income-restricted units
- 69 of 70
- Year placed in service
- Not reported
Estimated total housing cost: $746 rent + $135 utilities = $881/mo
Contact property management for current availability. Waitlists may apply.
Affordable apartments in Vermillion, South Dakota
8 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.
1 section 87 lihtc
Buildings
TOWN SQUARE APTS, PHASE I
LIHTC- Income-restricted units
- 40 of 40
- Year placed in service
- 2003
- Bedroom mix
- 36 1BR · 4 2BR
Estimated total housing cost: $746 rent + $135 utilities = $881/mo
Contact property management for current availability. Waitlists may apply.
MADISON PARK TOWNHOMES
LIHTC- Income-restricted units
- 40 of 40
- Year placed in service
- 2015
- Bedroom mix
- 25 2BR · 15 3BR
Estimated total housing cost: $746 rent + $135 utilities = $881/mo
Contact property management for current availability. Waitlists may apply.
TOWNE SQUARE APTS
LIHTC- Income-restricted units
- 30 of 30
- Year placed in service
- 2002
- Bedroom mix
- 30 1BR
Estimated total housing cost: $746 rent + $135 utilities = $881/mo
Contact property management for current availability. Waitlists may apply.
RIVER COURT
LIHTC- Income-restricted units
- 24 of 24
- Year placed in service
- 1992
Estimated total housing cost: $746 rent + $135 utilities = $881/mo
Contact property management for current availability. Waitlists may apply.
RIVERWOOD APTS
LIHTC- Income-restricted units
- 24 of 24
- Year placed in service
- 1996
- Bedroom mix
- 6 1BR · 18 2BR
Estimated total housing cost: $746 rent + $135 utilities = $881/mo
Contact property management for current availability. Waitlists may apply.
PARKWOOD APTS
LIHTC- Income-restricted units
- 24 of 24
- Year placed in service
- 2000
- Bedroom mix
- 6 1BR · 18 2BR
Estimated total housing cost: $746 rent + $135 utilities = $881/mo
Contact property management for current availability. Waitlists may apply.
TOWN SQUARE II
LIHTC- Income-restricted units
- Not reported of 30
- Year placed in service
- 8888
Estimated total housing cost: $746 rent + $135 utilities = $881/mo
Contact property management for current availability. Waitlists may apply.
Map
Each pin is one income-restricted building. Color-coded by program. Click a pin for details.
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Energy costs in South Dakota
Residential electricity in South Dakota runs about 13.77¢/kWh, with a typical monthly residential electric bill near $135. Natural gas runs about $12.79/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.
Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.
Check your affordability tier
Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.
Fair Market Rent for Vermillion, SD
Metro-level| Bedrooms | Local FMR | National median |
|---|---|---|
| Studio | $634 | n/a |
| 1 bedroom | $709 | n/a |
| 2 bedroom | $746 | $1,502 |
| 3 bedroom | $970 | n/a |
| 4 bedroom | $1,119 | n/a |
Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: median_rent_proxy.
HUD income limits : Clay County, SD
FY2025. Area median income: $103,700.
| Household size | 30% AMI | 50% AMI | 80% AMI |
|---|---|---|---|
| 1 person | $21,800 | $36,300 | $58,100 |
| 2 people | $24,900 | $41,500 | $66,400 |
| 3 people | $28,000 | $46,650 | $74,700 |
| 4 people | $32,150 | $51,850 | $82,950 |
| 5 people | $37,650 | $56,000 | $89,600 |
| 6 people | $43,150 | $60,150 | $96,250 |
| 7 people | $48,650 | $64,300 | $102,900 |
| 8 people | $54,150 | $68,450 | $109,500 |
HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.
Affordable rentals in nearby South Dakota cities
About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.
See also: Vermillion cost-of-living and Fair Market Rent overview