Albuquerque vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 15% cheaper for renters. A 2-bedroom rents for $835/mo vs $958/mo in Albuquerque — saving $1,476/year.
Rent by Unit Size
| Unit Size | Albuquerque | Rapid City | Difference |
|---|---|---|---|
| Studio | $647 | $574 | $73 |
| 1 Bedroom | $793 | $702 | $91 |
| 2 Bedrooms | $958 | $835 | $123 |
| 3 Bedrooms | $1,161 | $1,106 | $55 |
| 4 Bedrooms | $1,339 | $1,277 | $62 |
| Median Income | $49,585 | $44,904 | $4,681 |
Albuquerque
- Studio
- $647/mo
- 1 BR
- $793/mo
- 2 BR
- $958/mo
- 3 BR
- $1,161/mo
- 4 BR
- $1,339/mo
- Median Income
- $49,585/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 Albuquerque or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $958/mo in Albuquerque. That's $123/mo or $1,476/year more expensive in Albuquerque (15% higher).
What is the 2-bedroom rent in Albuquerque vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Albuquerque is $958/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Albuquerque and Rapid City?
The median household income in Albuquerque is $49,585/year. In Rapid City it is $44,904/year. Albuquerque has the higher median income.
What is the studio rent in Albuquerque vs Rapid City?
A studio apartment Fair Market Rent in Albuquerque is $647/mo. In Rapid City it is $574/mo.