Asheville vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 32% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,106/mo in Asheville — saving $3,252/year.
Rent by Unit Size
| Unit Size | Asheville | Rapid City | Difference |
|---|---|---|---|
| Studio | $689 | $574 | $115 |
| 1 Bedroom | $875 | $702 | $173 |
| 2 Bedrooms | $1,106 | $835 | $271 |
| 3 Bedrooms | $1,316 | $1,106 | $210 |
| 4 Bedrooms | $1,577 | $1,277 | $300 |
| Median Income | $64,400 | $44,904 | $19,496 |
Asheville
- Studio
- $689/mo
- 1 BR
- $875/mo
- 2 BR
- $1,106/mo
- 3 BR
- $1,316/mo
- 4 BR
- $1,577/mo
- Median Income
- $64,400/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 Asheville or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,106/mo in Asheville. That's $271/mo or $3,252/year more expensive in Asheville (32% higher).
What is the 2-bedroom rent in Asheville vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Asheville is $1,106/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Asheville and Rapid City?
The median household income in Asheville is $64,400/year. In Rapid City it is $44,904/year. Asheville has the higher median income.
What is the studio rent in Asheville vs Rapid City?
A studio apartment Fair Market Rent in Asheville is $689/mo. In Rapid City it is $574/mo.