Boulder vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 67% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,393/mo in Boulder — saving $6,696/year.
Rent by Unit Size
| Unit Size | Boulder | Rapid City | Difference |
|---|---|---|---|
| Studio | $912 | $574 | $338 |
| 1 Bedroom | $1,165 | $702 | $463 |
| 2 Bedrooms | $1,393 | $835 | $558 |
| 3 Bedrooms | $1,797 | $1,106 | $691 |
| 4 Bedrooms | $2,079 | $1,277 | $802 |
| Median Income | $78,256 | $44,904 | $33,352 |
Boulder
- Studio
- $912/mo
- 1 BR
- $1,165/mo
- 2 BR
- $1,393/mo
- 3 BR
- $1,797/mo
- 4 BR
- $2,079/mo
- Median Income
- $78,256/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 Boulder or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,393/mo in Boulder. That's $558/mo or $6,696/year more expensive in Boulder (67% higher).
What is the 2-bedroom rent in Boulder vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Boulder is $1,393/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Boulder and Rapid City?
The median household income in Boulder is $78,256/year. In Rapid City it is $44,904/year. Boulder has the higher median income.
What is the studio rent in Boulder vs Rapid City?
A studio apartment Fair Market Rent in Boulder is $912/mo. In Rapid City it is $574/mo.