Akron vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Akron is 2% cheaper for renters. A 2-bedroom rents for $822/mo vs $835/mo in Rapid City — saving $156/year.
Rent by Unit Size
| Unit Size | Akron | Rapid City | Difference |
|---|---|---|---|
| Studio | $552 | $574 | $22 |
| 1 Bedroom | $662 | $702 | $40 |
| 2 Bedrooms | $822 | $835 | $13 |
| 3 Bedrooms | $1,025 | $1,106 | $81 |
| 4 Bedrooms | $1,215 | $1,277 | $62 |
| Median Income | $43,989 | $44,904 | $915 |
Akron
- Studio
- $552/mo
- 1 BR
- $662/mo
- 2 BR
- $822/mo
- 3 BR
- $1,025/mo
- 4 BR
- $1,215/mo
- Median Income
- $43,989/yr
Rapid City
- Studio
- $574/mo
- 1 BR
- $702/mo
- 2 BR
- $835/mo
- 3 BR
- $1,106/mo
- 4 BR
- $1,277/mo
- Median Income
- $44,904/yr
Frequently Asked Questions
Is Akron or Rapid City cheaper to rent in?
Akron is cheaper — a 2-bedroom Fair Market Rent is $822/mo vs $835/mo in Rapid City. That's $13/mo or $156/year more expensive in Rapid City (2% higher).
What is the 2-bedroom rent in Akron vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Akron is $822/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Akron and Rapid City?
The median household income in Akron is $43,989/year. In Rapid City it is $44,904/year. Rapid City has the higher median income.
What is the studio rent in Akron vs Rapid City?
A studio apartment Fair Market Rent in Akron is $552/mo. In Rapid City it is $574/mo.