South Dakota

Tax credit apartments in Rapid City, SD

HUD's database lists 22 properties in Rapid City built or rehabbed with low-income housing tax credits: 1,212 apartments, 1,198 of them income-restricted. Rents in those units are capped while each property's affordability agreement runs, and you qualify by income; many properties still keep waiting lists.

Equal housing opportunity. Tax credit properties must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin, and they may not refuse an applicant because the applicant holds a Housing Choice (Section 8) voucher (IRC 42(h)(6)(B)(iv)). Properties HUD lists as senior housing may limit who lives there by age only as the Fair Housing Act's housing-for-older-persons exemption allows. To report housing discrimination, call HUD at 1-800-669-9777.

LIHTC Atlas does not own, manage or rent these apartments and does not take applications. Contact each property's management for availability, rents and income rules. Listings come from HUD's database and may be out of date.

Churchill Apts & Townhomes

215 Kinney Ave, Rapid City, SD 57702

11 1BR, 30 2BR, 9 3BR

Apartments
50
Income-restricted
50
Placed in service
2003

Cornerstone Apts

1220 E Blvd, Rapid City, SD 57701

15 2BR, 9 3BR

Apartments
24
Income-restricted
24
Placed in service
2008

Discovery Village Apartments

1075 Anamosa Street, Rapid City, SD 57701

14 2BR, 22 3BR

Apartments
36
Income-restricted
34
Placed in service
2021

Driftwood Estates

420 E Fairlane Dr, Rapid City, SD 57701

40 2BR, 19 3BR

Apartments
59
Income-restricted
59
Placed in service
2006

Eagle Ridge

274 Bald Eagle Ln, Rapid City, SD 57701

49 2BR, 47 3BR

Apartments
96
Income-restricted
96
Placed in service
2007

Eagle Ridge II

217 Stumer Rd, Rapid City, SD 57701

30 2BR, 30 3BR

Apartments
60
Income-restricted
60
Placed in service
2011

Echo Glen Apartments

4243 Wisconsin Avenue, Rapid City, SD 57702

HUD lists it as senior housing · 40 1BR, 10 2BR

Apartments
50
Income-restricted
50
Placed in service
2016

Edgewood Estates

831 Kimberly Cir, Rapid City, SD 57701

28 2BR, 20 3BR

Apartments
48
Income-restricted
48
Placed in service
2007

Fountain Springs Senior Apts

1900 Harmony Heights Ln, Rapid City, SD 57702

HUD lists it as senior housing · 26 1BR, 24 2BR

Apartments
50
Income-restricted
50
Placed in service
1997

Heartland Heights Apartments

427 N. Degeest Drive, Rapid City, SD 57701

18 1BR, 15 2BR, 8 3BR

Apartments
41
Income-restricted
41
Placed in service
2022

Heartland Heights Apartments II

413 Degeest Drive, Rapid City, SD 57701

18 1BR, 15 2BR, 8 3BR

Apartments
41
Income-restricted
41
Placed in service
2023

Knollwood Heights Apts

10 Surfwood Dr, Rapid City, SD 57701

12 1BR, 70 2BR

Apartments
82
Income-restricted
82
Placed in service
2008

Memorial Park Apts

420 Philadelphia St, Rapid City, SD 57701

60 1BR, 1 2BR

Apartments
61
Income-restricted
61
Placed in service
1998

Northern Heights - Tc (Rapid City)

908 Explorer St, Rapid City, SD 57701

48 studio, 48 1BR

Apartments
96
Income-restricted
96
Placed in service
2006

Pine Crest Village

702 Eldene Ln, Rapid City, SD 57701

48 2BR

Apartments
48
Income-restricted
48
Placed in service
2006

Rapid Creek Apts

1100 Anamosa St, Rapid City, SD 57701

46 2BR, 8 3BR

Apartments
54
Income-restricted
54
Placed in service
2007

Sage View Glen Apartments

201 East Minnesota Street, Rapid City, SD 57701

HUD lists it as senior housing · 42 1BR, 8 2BR

Apartments
50
Income-restricted
50
Placed in service
2019

South Creek Village

3150 Outlook Cir, Rapid City, SD 57701

48 2BR, 32 3BR

Apartments
80
Income-restricted
80
Placed in service
2004

Sundial Square Apts II

102 Waterloo St, Rapid City, SD 57701

Apartments
42
Income-restricted
42
Placed in service
1992

The Radiant

28 Racine Street, Rapid City, SD 57701

16 1BR, 14 2BR, 12 3BR

Apartments
42
Income-restricted
30
Placed in service
2023

Whisper Rock Apartments

4216 Berniece Street, Rapid City, SD 57703

12 1BR, 34 2BR, 16 3BR

Apartments
62
Income-restricted
62
Placed in service
2016

Whisper Rock II Apartments

424 Neel Street, Rapid City, SD 57703

20 1BR, 12 2BR, 8 3BR

Apartments
40
Income-restricted
40
Placed in service
2020

Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024). Properties a state agency has flagged as no longer monitored are left out; properties placed in service after 2024 are not in HUD's database yet.

How tax credit apartments work

Each income-restricted unit has a maximum rent set from the area's income limits: gross rent, including a utility allowance for tenant-paid utilities, can't go above 30% of the income limit for the unit's size. The rent doesn't change with your own income, so a household near the bottom of the range pays the same rent as one near the top. That's different from public housing or a voucher, where you pay a share of what you earn.

To qualify, your household's income has to be at or under the limit the unit is set at, usually 50% or 60% of the area median, and up to 80% in some buildings. Management checks income, and assets, when you apply. A household made up entirely of full-time students generally can't qualify, with exceptions in IRC 42(i)(3)(D) such as single parents and married students filing jointly. More on qualifying.

You can apply with a Housing Choice voucher, and the property can't turn you down because you have one.