South Dakota

USDA rental housing in Yankton County, SD

9 properties in Yankton County have USDA Section 515 or 514 financing: 145 apartments in Yankton. 123 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.

9properties
145apartments
123rental assistance units
8vacant 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 Listings come from USDA's public data and may be out of date.

Abs-2311 Cedar

2311 Cedar Terrace, Yankton, SD 57078

Congregate (elderly) · 6 1BR, 2 2BR

Managed by Ability Building Services INC

Units
8
Rental assistance
8
Vacant
0
Accessible
0
Opened
1984

Abs-2407 Cedar

2407 Cedar Terrace, Yankton, SD 57078

Congregate (elderly) · 6 2BR

Managed by Ability Building Services INC

Units
6
Rental assistance
6
Vacant
0
Accessible
0
Opened
1989

Abs-e 10th

600 E 10th St, Yankton, SD 57078

Congregate (elderly) · 6 1BR

Managed by Ability Building Services INC

Units
6
Rental assistance
0
Vacant
0
Accessible
0
Opened
1980

Abs-picotte

918 Picotte St, Yankton, SD 57078

Congregate (elderly) · 10 1BR

Managed by Ability Building Services INC

Units
10
Rental assistance
10
Vacant
1
Accessible
0
Opened
1982

Locust Lane Apts

2003 Locust St, Yankton, SD 57078

Family · 12 3BR

Managed by Skogen Company

Units
12
Rental assistance
10
Vacant
2
Accessible
0
Opened
1991

Memory Lane Apts

901 Memory Lane, Yankton, SD 57078

Elderly · 16 1BR, 2 2BR

Managed by Skogen Company

Units
18
Rental assistance
16
Vacant
2
Accessible
0
Opened
1994

Sunrise Apts

2015 Green St., Yankton, SD 57078

Congregate (elderly) · 31 1BR, 1 2BR

Managed by Mills Property Management

Units
32
Rental assistance
27
Vacant
1
Accessible
2
Opened
1991

Sunrise II Apts

2015 Green, Yankton, SD 57078

Congregate (elderly) · 32 1BR, 1 2BR

Managed by Mills Property Management

Units
33
Rental assistance
30
Vacant
0
Accessible
2
Opened
1999

Terrace Hill Apts

2403 Cedar Terrace, Yankton, SD 57078

Family · 12 1BR, 8 2BR

Managed by Skogen Company

Units
20
Rental assistance
16
Vacant
2
Accessible
0
Opened
1994

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: 4 nonprofit, 5 limited-profit. 3 also have housing tax credits. 7 serve elderly tenants. 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 Yankton 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).