South Dakota

USDA rental housing in Pennington County, SD

8 properties in Pennington County have USDA Section 515 or 514 financing: 161 apartments across 5 towns. 146 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.

8properties
161apartments
146rental assistance units
20vacant units reported

Equal housing opportunity. Properties financed by USDA Rural Development must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin. If you believe you were treated unfairly, you can file a complaint with HUD at 1-800-669-9777 or with USDA at 866-632-9992.

Open Country does not own, manage or rent these properties and does not take applications. Contact each property's management company for availability, rents and eligibility. Listings come from USDA's public data and may be out of date.

Baker Apts

617 Cardinal Dr, Box Elder, SD 57719

Family · 8 2BR

Managed by Costello Property Management

Units
8
Rental assistance
7
Vacant
2
Accessible
1
Opened
1988

Foothills East Apts

312 Parker Drive, Box Elder, SD 57719

Family · 2 1BR, 70 2BR

Units
72
Rental assistance
64
Vacant
4
Accessible
4
Opened
1985

Johnson Apartments

301 Parker Drive, Box Elder, SD 57719

Family · 8 2BR

Managed by Costello Property Management

Units
8
Rental assistance
8
Vacant
1
Accessible
0
Opened
1976

Parker Apts

305 Parker Drive, Box Elder, SD 57719

Family · 1 1BR, 7 2BR

Managed by Costello Property Management

Units
8
Rental assistance
7
Vacant
0
Accessible
1
Opened
1989

Keystone Elderly Housing

402 Mitchell St, Keystone, SD 57751

Elderly · 7 1BR, 1 2BR

Managed by Pennington County Hsg & Redev Co

Units
8
Rental assistance
8
Vacant
1
Accessible
0
Opened
1996

Sunny Haven Apts

419 East Oak, New Underwood, SD 57761

Family · 25 1BR

Managed by Pennington County Hsg & Redev Co

Units
25
Rental assistance
23
Vacant
6
Accessible
0
Opened
1978

Meadow Ridge Apts

5636 Meadow Ridge Dr, Rapid City, SD 57703

Family · 2 1BR, 22 2BR

Managed by Metroplains Management, LLC

Units
24
Rental assistance
22
Vacant
2
Accessible
2
Opened
1979

Wall Ridge Apts

607 William Street, Wall, SD 57790

Family · 1 1BR, 7 2BR

Managed by Costello Property Management

Units
8
Rental assistance
7
Vacant
4
Accessible
1
Opened
1985

Source: USDA Rural Development, Section 515/514 active properties file (data as of October 19, 2026). Vacancies are as USDA last recorded them, not live availability.

Who can rent here

USDA-financed apartments are for very low, low and moderate income households (7 CFR 3560.152), and elderly and congregate properties also require a household that meets USDA's definition of elderly. In a unit with USDA rental assistance, the tenant pays the highest of 30% of monthly adjusted income, 10% of gross monthly income or a welfare shelter allowance, and the assistance covers the rest of the rent (7 CFR 3560.203). Each property's manager checks income against USDA's limits for the area when you apply and can tell you whether a unit with rental assistance is open.

For owners and buyers

Ownership: 2 nonprofit, 6 limited-profit. 4 also have housing tax credits. 1 serves elderly tenants. USDA's file shows use restrictions on 1 property here ending by 2031. Owners of aging 515 properties can use a Section 538 guaranteed loan to finance a transfer and rehab, at USDA's lower 60 and 25 basis point preservation fees. How 515 transfers work with 538.

Watch a property for maturity or prepayment

Pick a Pennington County property. We'll email when USDA's monthly file shows its use-restriction date, rental assistance, unit count or ownership type change, or when it drops out of the active portfolio, which is what happens when the loan is prepaid or paid off.

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Every property in one file: 515/514 portfolio download (CSV and JSON).