Bismarck vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Bismarck is 2% cheaper for renters. A 2-bedroom rents for $817/mo vs $835/mo in Rapid City — saving $216/year.
Rent by Unit Size
| Unit Size | Bismarck | Rapid City | Difference |
|---|---|---|---|
| Studio | $555 | $574 | $19 |
| 1 Bedroom | $667 | $702 | $35 |
| 2 Bedrooms | $817 | $835 | $18 |
| 3 Bedrooms | $1,020 | $1,106 | $86 |
| 4 Bedrooms | $1,141 | $1,277 | $136 |
| Median Income | $52,444 | $44,904 | $7,540 |
Bismarck
- Studio
- $555/mo
- 1 BR
- $667/mo
- 2 BR
- $817/mo
- 3 BR
- $1,020/mo
- 4 BR
- $1,141/mo
- Median Income
- $52,444/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 Bismarck or Rapid City cheaper to rent in?
Bismarck is cheaper — a 2-bedroom Fair Market Rent is $817/mo vs $835/mo in Rapid City. That's $18/mo or $216/year more expensive in Rapid City (2% higher).
What is the 2-bedroom rent in Bismarck vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Bismarck is $817/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Bismarck and Rapid City?
The median household income in Bismarck is $52,444/year. In Rapid City it is $44,904/year. Bismarck has the higher median income.
What is the studio rent in Bismarck vs Rapid City?
A studio apartment Fair Market Rent in Bismarck is $555/mo. In Rapid City it is $574/mo.