Albuquerque vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Sioux Falls is 14% cheaper for renters. A 2-bedroom rents for $837/mo vs $958/mo in Albuquerque — saving $1,452/year.
Rent by Unit Size
| Unit Size | Albuquerque | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $647 | $544 | $103 |
| 1 Bedroom | $793 | $672 | $121 |
| 2 Bedrooms | $958 | $837 | $121 |
| 3 Bedrooms | $1,161 | $1,012 | $149 |
| 4 Bedrooms | $1,339 | $1,129 | $210 |
| Median Income | $49,585 | $55,443 | $5,858 |
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
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 Albuquerque or Sioux Falls cheaper to rent in?
Sioux Falls is cheaper — a 2-bedroom Fair Market Rent is $837/mo vs $958/mo in Albuquerque. That's $121/mo or $1,452/year more expensive in Albuquerque (14% higher).
What is the 2-bedroom rent in Albuquerque vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in Albuquerque is $958/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between Albuquerque and Sioux Falls?
The median household income in Albuquerque is $49,585/year. In Sioux Falls it is $55,443/year. Sioux Falls has the higher median income.
What is the studio rent in Albuquerque vs Sioux Falls?
A studio apartment Fair Market Rent in Albuquerque is $647/mo. In Sioux Falls it is $544/mo.