About This Property
Stonebridge Apts comprises 27 low-income units in Watertown, South Dakota, with a unit mix of 24 one-bedroom and 3 two-bedroom apartments. The property has been in service since 2003 and was developed with HOME program funding. The complex serves households meeting low-income eligibility requirements in Codington County.
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 Stonebridge Apts is typically 30% of household income or less.
What size apartments are available at Stonebridge Apts?+
Stonebridge Apts offers the following unit types: 24 One-Bedroom, 3 Two-Bedroom units, for a total of 27 units.
Who manages Stonebridge Apts?+
Stonebridge Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Stonebridge Apts?+
Stonebridge Apts 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.
Is there a waitlist for Stonebridge Apts?+
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.
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, 2-bedroom: $1053. Actual rent at Stonebridge Apts may be lower for income-eligible households.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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