Billings vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Sioux Falls is 9% cheaper for renters. A 2-bedroom rents for $837/mo vs $913/mo in Billings — saving $912/year.
Rent by Unit Size
| Unit Size | Billings | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $613 | $544 | $69 |
| 1 Bedroom | $724 | $672 | $52 |
| 2 Bedrooms | $913 | $837 | $76 |
| 3 Bedrooms | $1,136 | $1,012 | $124 |
| 4 Bedrooms | $1,214 | $1,129 | $85 |
| Median Income | $47,175 | $55,443 | $8,268 |
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
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 Billings or Sioux Falls cheaper to rent in?
Sioux Falls is cheaper — a 2-bedroom Fair Market Rent is $837/mo vs $913/mo in Billings. That's $76/mo or $912/year more expensive in Billings (9% higher).
What is the 2-bedroom rent in Billings vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in Billings is $913/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between Billings and Sioux Falls?
The median household income in Billings is $47,175/year. In Sioux Falls it is $55,443/year. Sioux Falls has the higher median income.
What is the studio rent in Billings vs Sioux Falls?
A studio apartment Fair Market Rent in Billings is $613/mo. In Sioux Falls it is $544/mo.