Billings vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 9% cheaper for renters. A 2-bedroom rents for $835/mo vs $913/mo in Billings — saving $936/year.
Rent by Unit Size
| Unit Size | Billings | Rapid City | Difference |
|---|---|---|---|
| Studio | $613 | $574 | $39 |
| 1 Bedroom | $724 | $702 | $22 |
| 2 Bedrooms | $913 | $835 | $78 |
| 3 Bedrooms | $1,136 | $1,106 | $30 |
| 4 Bedrooms | $1,214 | $1,277 | $63 |
| Median Income | $47,175 | $44,904 | $2,271 |
Billings
- Studio
- $613/mo
- 1 BR
- $724/mo
- 2 BR
- $913/mo
- 3 BR
- $1,136/mo
- 4 BR
- $1,214/mo
- Median Income
- $47,175/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 Billings or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $913/mo in Billings. That's $78/mo or $936/year more expensive in Billings (9% higher).
What is the 2-bedroom rent in Billings vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Billings is $913/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Billings and Rapid City?
The median household income in Billings is $47,175/year. In Rapid City it is $44,904/year. Billings has the higher median income.
What is the studio rent in Billings vs Rapid City?
A studio apartment Fair Market Rent in Billings is $613/mo. In Rapid City it is $574/mo.