About This Property
Three Oaks Apts II offers 24 low-income units in Watertown, South Dakota, comprising 18 two-bedroom and 6 three-bedroom apartments. The property was placed in service in 1996 and receives 9% Low-Income Housing Tax Credit funding. Interested parties may contact the property management for additional information regarding availability and application procedures.
Waitlist Information
Waitlist managed by Watertown Housing and Redevelopment Commission
Preferences are given for elderly, disabled, victims of domestic violence, or working families. Applicants must meet HUD income guidelines, criminal background eligibility, and provide previous landlord references, as well as birth certificates and Social Security cards for all household members.
Preferences are given for elderly, disabled, victims of domestic violence, or working families. Applicants must meet HUD income guidelines, criminal background eligibility, and provide birth certificates and Social Security cards for all household members. Clients pay 30-40% of their adjusted monthly income towards rent and utilities, with a minimum rent of $50, and are required to sign a one-year lease.
Waitlist data provided by section8waitlist.org
Updated April 17, 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 |
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 Three Oaks Apts Ii is typically 30% of household income or less.
What size apartments are available at Three Oaks Apts Ii?+
Three Oaks Apts Ii offers the following unit types: 18 Two-Bedroom, 6 Three-Bedroom units, for a total of 24 units.
How do I apply for housing at Three Oaks Apts Ii?+
Three Oaks Apts Ii 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 is the price range for apartments in Watertown, SD?+
Based on Fair Market Rent for Codington County, the estimated price range is: 2-bedroom: $1053, 3-bedroom: $1378. Actual rent at Three Oaks Apts Ii may be lower for income-eligible households.
Who manages Three Oaks Apts Ii?+
Three Oaks Apts Ii is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Three Oaks Apts Ii?+
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 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.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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