Affordable & Income-Based Housing in Sioux Falls

Affordability in Sioux Falls

According to Census ACS 5-Year data (2024), the median monthly rent in Sioux Falls is $1,035 and the median household income is $75,970 annually, with 40% of residents renting their homes. Lease Lantern tracks 37 HUD-assisted and income-based properties totaling 1,561 units across the city, offering options for renters who qualify for affordable housing assistance.

Safety

According to FBI Crime Data Explorer, the Sioux Falls Police Department reported a violent crime rate of 527 per 100,000 residents in 2024. Keep in mind that crime rates are not directly comparable across cities due to differences in reporting practices and definitions.

Getting Around Sioux Falls

The following scores reflect conditions near assisted housing properties in Sioux Falls, according to Walk Score.

• Walk Score: 79 - Very Walkable. Most errands can be accomplished on foot.
• Transit Score: 32 - Some Transit. A limited number of transit options are available.
• Bike Score: 69. Biking is a convenient option for many trips.

Schools

Sioux Falls is served by 64 schools across 6 districts, including 34 elementary, 10 middle, 19 high schools, and 1 other, according to NCES Common Core of Data. Quality and programs vary by school and district, so renters should check the assigned schools for any specific address they are considering.

Cost of Renting in Sioux Falls

The median household income in Sioux Falls is $75,970 per year, according to the Census ACS 5-Year estimate. For households earning significantly less -- as many renters seeking income-based housing do -- affordable and subsidized units can make a meaningful difference in monthly expenses.

The citywide median rent is $1,035 per month, according to the Census ACS 5-Year estimate. Rent- and income-restricted units at HUD-assisted and LIHTC properties are typically set well below this market rate, based on a percentage of the Area Median Income (AMI).

• Citywide median rent: $1,035/month (Census ACS 5-Year)
• Median household income: $75,970/year (Census ACS 5-Year)
• Share of renter households: 40% (Census ACS 5-Year)
• Affordable housing inventory: 37 properties with 1,561 total units tracked by Lease Lantern

Flood and Environmental Exposure

All 37 affordable housing properties in Sioux Falls were mapped for flood risk. None are located in a high-risk flood zone, which is a low level of flood exposure for renters to be aware of.