TOWER OF WATERTOWN
LIHTC- Income-restricted units
- 50 of 50
- Year placed in service
- 2013
- Bedroom mix
- 50 1BR
Estimated total housing cost: $866 rent + $135 utilities = $1,001/mo
Contact property management for current availability. Waitlists may apply.
Affordable apartments in Watertown, South Dakota
12 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.
11 lihtc1 section 8
Buildings
Tower Apartments
Section 8- Income-restricted units
- 50 of 50
- Year placed in service
- Not reported
Estimated total housing cost: $866 rent + $135 utilities = $1,001/mo
Contact property management for current availability. Waitlists may apply.
SUNCHASE II
LIHTC- Income-restricted units
- 41 of 41
- Year placed in service
- 1988
Estimated total housing cost: $866 rent + $135 utilities = $1,001/mo
Contact property management for current availability. Waitlists may apply.
STONEBRIDGE APTS
LIHTC- Income-restricted units
- 27 of 27
- Year placed in service
- 2003
- Bedroom mix
- 24 1BR · 3 2BR
Estimated total housing cost: $866 rent + $135 utilities = $1,001/mo
Contact property management for current availability. Waitlists may apply.
CORNELL APTS I
LIHTC- Income-restricted units
- 24 of 24
- Year placed in service
- 1992
Estimated total housing cost: $866 rent + $135 utilities = $1,001/mo
Contact property management for current availability. Waitlists may apply.
JEFFERSON COURT
LIHTC- Income-restricted units
- 24 of 24
- Year placed in service
- 2003
- Bedroom mix
- 24 2BR
Estimated total housing cost: $866 rent + $135 utilities = $1,001/mo
Contact property management for current availability. Waitlists may apply.
CORNELL APTS II
LIHTC- Income-restricted units
- 24 of 24
- Year placed in service
- 1994
Estimated total housing cost: $866 rent + $135 utilities = $1,001/mo
Contact property management for current availability. Waitlists may apply.
COLONIAL APTS
LIHTC- Income-restricted units
- 24 of 24
- Year placed in service
- 1992
Estimated total housing cost: $866 rent + $135 utilities = $1,001/mo
Contact property management for current availability. Waitlists may apply.
PLUM CREEK APTS
LIHTC- Income-restricted units
- 24 of 24
- Year placed in service
- 1987
Estimated total housing cost: $866 rent + $135 utilities = $1,001/mo
Contact property management for current availability. Waitlists may apply.
THREE OAKS APTS II
LIHTC- Income-restricted units
- 24 of 24
- Year placed in service
- 1996
- Bedroom mix
- 18 2BR · 6 3BR
Estimated total housing cost: $866 rent + $135 utilities = $1,001/mo
Contact property management for current availability. Waitlists may apply.
SPRINGWOOD
LIHTC- Income-restricted units
- 24 of 24
- Year placed in service
- 1997
- Bedroom mix
- 18 2BR · 6 3BR
Estimated total housing cost: $866 rent + $135 utilities = $1,001/mo
Contact property management for current availability. Waitlists may apply.
BRIAR CREEK TOWNHOMES
LIHTC- Income-restricted units
- 16 of 16
- Year placed in service
- 2008
- Bedroom mix
- 8 2BR · 8 3BR
Estimated total housing cost: $866 rent + $135 utilities = $1,001/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.
Loading map…
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 Watertown, SD
Metro-level| Bedrooms | Local FMR | National median |
|---|---|---|
| Studio | $736 | n/a |
| 1 bedroom | $823 | n/a |
| 2 bedroom | $866 | $1,502 |
| 3 bedroom | $1,126 | n/a |
| 4 bedroom | $1,299 | 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 : Codington County, SD
FY2025. Area median income: $92,500.
| Household size | 30% AMI | 50% AMI | 80% AMI |
|---|---|---|---|
| 1 person | $19,750 | $32,900 | $52,600 |
| 2 people | $22,550 | $37,600 | $60,100 |
| 3 people | $26,650 | $42,300 | $67,600 |
| 4 people | $32,150 | $46,950 | $75,100 |
| 5 people | $37,650 | $50,750 | $81,150 |
| 6 people | $43,150 | $54,500 | $87,150 |
| 7 people | $48,650 | $58,250 | $93,150 |
| 8 people | $54,150 | $62,000 | $99,150 |
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: Watertown cost-of-living and Fair Market Rent overview