About This Property
Eagle Ridge II is a 60-unit affordable housing community in Rapid City, South Dakota, serving low-income residents. The property features 30 two-bedroom and 30 three-bedroom units and has been in service since 2011. Funding for the development includes HOME funds and 9% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Pennington County Housing and Redevelopment Commission
Applications can be completed online. Once the application process is complete, you will be placed on the Waiting List. Income guidelines are provided.
Individuals can view estimated wait times by clicking a provided link. Income limits are provided for Pennington County, City of Martin, and Fall River County, effective 04/01/2025.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Pennington 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 | $788 |
| 1 Bedroom | $886 |
| 2 Bedroom | $1,163 |
| 3 Bedroom | $1,592 |
| 4 Bedroom | $1,781 |
Income Limits - Pennington County, SD
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,050
- Very Low (50%)
- $26,750
- Low (80%)
- $42,750
- Extremely Low (30%)
- $18,350
- Very Low (50%)
- $30,550
- Low (80%)
- $48,850
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,350
- Low (80%)
- $54,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,150
- Low (80%)
- $61,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,250
- Low (80%)
- $65,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,300
- Low (80%)
- $70,850
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,350
- Low (80%)
- $75,750
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,400
- Low (80%)
- $80,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,050 | $26,750 | $42,750 |
| 2 Persons | $18,350 | $30,550 | $48,850 |
| 3 Persons | $21,960 | $34,350 | $54,950 |
| 4 Persons | $26,500 | $38,150 | $61,050 |
| 5 Persons | $31,040 | $41,250 | $65,950 |
| 6 Persons | $35,580 | $44,300 | $70,850 |
| 7 Persons | $40,120 | $47,350 | $75,750 |
| 8 Persons | $44,660 | $50,400 | $80,600 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Rapid City, SD?+
The Fair Market Rent (FMR) for Pennington County, SD is: $788 (Studio), $886 (1BR), $1163 (2BR), $1592 (3BR), $1781 (4BR). Actual rent at subsidized properties like Eagle Ridge Ii is typically 30% of household income or less.
What size apartments are available at Eagle Ridge Ii?+
Eagle Ridge Ii offers the following unit types: 30 Two-Bedroom, 30 Three-Bedroom units, for a total of 60 units.
How do I apply for housing at Eagle Ridge Ii?+
Eagle Ridge 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 Rapid City, SD?+
Based on Fair Market Rent for Pennington County, the estimated price range is: 2-bedroom: $1163, 3-bedroom: $1592. Actual rent at Eagle Ridge Ii may be lower for income-eligible households.
Is there a waitlist for Eagle Ridge 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 Pennington County, SD?+
For a 4-person household in Pennington County, SD, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,150, Low Income (80% AMI): $61,050. These limits are set by HUD and updated annually.
Who manages Eagle Ridge Ii?+
Eagle Ridge Ii is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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