Albany vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 45% cheaper for renters. A 2-bedroom rents for $577/mo vs $837/mo in Sioux Falls — saving $3,120/year.
Rent by Unit Size
| Unit Size | Albany | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $407 | $544 | $137 |
| 1 Bedroom | $488 | $672 | $184 |
| 2 Bedrooms | $577 | $837 | $260 |
| 3 Bedrooms | $748 | $1,012 | $264 |
| 4 Bedrooms | $841 | $1,129 | $288 |
| Median Income | $39,279 | $55,443 | $16,164 |
Albany
- Studio
- $407/mo
- 1 BR
- $488/mo
- 2 BR
- $577/mo
- 3 BR
- $748/mo
- 4 BR
- $841/mo
- Median Income
- $39,279/yr
Sioux Falls
- Studio
- $544/mo
- 1 BR
- $672/mo
- 2 BR
- $837/mo
- 3 BR
- $1,012/mo
- 4 BR
- $1,129/mo
- Median Income
- $55,443/yr
Frequently Asked Questions
Is Albany or Sioux Falls cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $837/mo in Sioux Falls. That's $260/mo or $3,120/year more expensive in Sioux Falls (45% higher).
What is the 2-bedroom rent in Albany vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between Albany and Sioux Falls?
The median household income in Albany is $39,279/year. In Sioux Falls it is $55,443/year. Sioux Falls has the higher median income.
What is the studio rent in Albany vs Sioux Falls?
A studio apartment Fair Market Rent in Albany is $407/mo. In Sioux Falls it is $544/mo.