Asheville vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Sioux Falls is 32% cheaper for renters. A 2-bedroom rents for $837/mo vs $1,106/mo in Asheville — saving $3,228/year.
Rent by Unit Size
| Unit Size | Asheville | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $689 | $544 | $145 |
| 1 Bedroom | $875 | $672 | $203 |
| 2 Bedrooms | $1,106 | $837 | $269 |
| 3 Bedrooms | $1,316 | $1,012 | $304 |
| 4 Bedrooms | $1,577 | $1,129 | $448 |
| Median Income | $64,400 | $55,443 | $8,957 |
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
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 Asheville or Sioux Falls cheaper to rent in?
Sioux Falls is cheaper — a 2-bedroom Fair Market Rent is $837/mo vs $1,106/mo in Asheville. That's $269/mo or $3,228/year more expensive in Asheville (32% higher).
What is the 2-bedroom rent in Asheville vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in Asheville is $1,106/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between Asheville and Sioux Falls?
The median household income in Asheville is $64,400/year. In Sioux Falls it is $55,443/year. Asheville has the higher median income.
What is the studio rent in Asheville vs Sioux Falls?
A studio apartment Fair Market Rent in Asheville is $689/mo. In Sioux Falls it is $544/mo.