About This Property
Tower of Watertown offers 50 one-bedroom units designated for low-income households in Watertown, South Dakota. The property has been in service since 2013 and is owned and operated by a non-profit organization. Funding for this development came through the HOME program.
Waitlist Information
Waitlist managed by Watertown Housing and Redevelopment Commission
The WHRC offers one Public Housing community with 85 units for families and senior/disabled individuals, with preferences for elderly, disabled, victims of domestic violence, or working families. Applicants must meet HUD income guidelines, pass a criminal background check, and provide previous landlord references; declining two invitations will purge the application from the waitlist.
Preferences are given to Near-Elderly, Displaced by Natural Disaster, Victims of Domestic Violence, and those who Live, Work, or Attend School Locally. Applicants pay 30-40% of their adjusted income towards rent and utilities, with a minimum of $50, and must sign a one-year lease.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Codington County, SD
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $714 |
| 1 Bedroom | $801 |
| 2 Bedroom | $1,053 |
| 3 Bedroom | $1,378 |
| 4 Bedroom | $1,776 |
Income Limits - Codington County, SD
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,400
- Very Low (50%)
- $27,300
- Low (80%)
- $43,700
- Extremely Low (30%)
- $18,750
- Very Low (50%)
- $31,200
- Low (80%)
- $49,950
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,100
- Low (80%)
- $56,200
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,000
- Low (80%)
- $62,400
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,150
- Low (80%)
- $67,400
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,250
- Low (80%)
- $72,400
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $48,400
- Low (80%)
- $77,400
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $51,500
- Low (80%)
- $82,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,400 | $27,300 | $43,700 |
| 2 Persons | $18,750 | $31,200 | $49,950 |
| 3 Persons | $21,960 | $35,100 | $56,200 |
| 4 Persons | $26,500 | $39,000 | $62,400 |
| 5 Persons | $31,040 | $42,150 | $67,400 |
| 6 Persons | $35,580 | $45,250 | $72,400 |
| 7 Persons | $40,120 | $48,400 | $77,400 |
| 8 Persons | $44,660 | $51,500 | $82,400 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Watertown, SD?+
The Fair Market Rent (FMR) for Codington County, SD is: $714 (Studio), $801 (1BR), $1053 (2BR), $1378 (3BR), $1776 (4BR). Actual rent at subsidized properties like Tower of Watertown is typically 30% of household income or less.
What size apartments are available at Tower of Watertown?+
Tower of Watertown offers the following unit types: 50 One-Bedroom units, for a total of 50 units.
Is there a waitlist for Tower of Watertown?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
How do I apply for housing at Tower of Watertown?+
Tower of Watertown is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What are the income limits for affordable housing in Codington County, SD?+
For a 4-person household in Codington County, SD, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,000, Low Income (80% AMI): $62,400. These limits are set by HUD and updated annually.
What is the price range for apartments in Watertown, SD?+
Based on Fair Market Rent for Codington County, the estimated price range is: 1-bedroom: $801. Actual rent at Tower of Watertown may be lower for income-eligible households.
Who manages Tower of Watertown?+
Tower of Watertown is managed by . You can reach them at . Visit their website for more information.
Contact Information
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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