Ann Arbor vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 40% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,170/mo in Ann Arbor — saving $4,020/year.
Rent by Unit Size
| Unit Size | Ann Arbor | Rapid City | Difference |
|---|---|---|---|
| Studio | $781 | $574 | $207 |
| 1 Bedroom | $945 | $702 | $243 |
| 2 Bedrooms | $1,170 | $835 | $335 |
| 3 Bedrooms | $1,486 | $1,106 | $380 |
| 4 Bedrooms | $1,736 | $1,277 | $459 |
| Median Income | $58,245 | $44,904 | $13,341 |
Ann Arbor
- Studio
- $781/mo
- 1 BR
- $945/mo
- 2 BR
- $1,170/mo
- 3 BR
- $1,486/mo
- 4 BR
- $1,736/mo
- Median Income
- $58,245/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 Ann Arbor or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,170/mo in Ann Arbor. That's $335/mo or $4,020/year more expensive in Ann Arbor (40% higher).
What is the 2-bedroom rent in Ann Arbor vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Ann Arbor is $1,170/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Ann Arbor and Rapid City?
The median household income in Ann Arbor is $58,245/year. In Rapid City it is $44,904/year. Ann Arbor has the higher median income.
What is the studio rent in Ann Arbor vs Rapid City?
A studio apartment Fair Market Rent in Ann Arbor is $781/mo. In Rapid City it is $574/mo.