Casper vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Casper is 5% cheaper for renters. A 2-bedroom rents for $795/mo vs $835/mo in Rapid City — saving $480/year.
Rent by Unit Size
| Unit Size | Casper | Rapid City | Difference |
|---|---|---|---|
| Studio | $561 | $574 | $13 |
| 1 Bedroom | $666 | $702 | $36 |
| 2 Bedrooms | $795 | $835 | $40 |
| 3 Bedrooms | $1,009 | $1,106 | $97 |
| 4 Bedrooms | $1,224 | $1,277 | $53 |
| Median Income | $43,997 | $44,904 | $907 |
Casper
- Studio
- $561/mo
- 1 BR
- $666/mo
- 2 BR
- $795/mo
- 3 BR
- $1,009/mo
- 4 BR
- $1,224/mo
- Median Income
- $43,997/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 Casper or Rapid City cheaper to rent in?
Casper is cheaper — a 2-bedroom Fair Market Rent is $795/mo vs $835/mo in Rapid City. That's $40/mo or $480/year more expensive in Rapid City (5% higher).
What is the 2-bedroom rent in Casper vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Casper is $795/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Casper and Rapid City?
The median household income in Casper is $43,997/year. In Rapid City it is $44,904/year. Rapid City has the higher median income.
What is the studio rent in Casper vs Rapid City?
A studio apartment Fair Market Rent in Casper is $561/mo. In Rapid City it is $574/mo.