Cedar Rapids vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Cedar Rapids is 4% cheaper for renters. A 2-bedroom rents for $800/mo vs $835/mo in Rapid City — saving $420/year.
Rent by Unit Size
| Unit Size | Cedar Rapids | Rapid City | Difference |
|---|---|---|---|
| Studio | $530 | $574 | $44 |
| 1 Bedroom | $637 | $702 | $65 |
| 2 Bedrooms | $800 | $835 | $35 |
| 3 Bedrooms | $966 | $1,106 | $140 |
| 4 Bedrooms | $1,168 | $1,277 | $109 |
| Median Income | $45,870 | $44,904 | $966 |
Cedar Rapids
- Studio
- $530/mo
- 1 BR
- $637/mo
- 2 BR
- $800/mo
- 3 BR
- $966/mo
- 4 BR
- $1,168/mo
- Median Income
- $45,870/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 Cedar Rapids or Rapid City cheaper to rent in?
Cedar Rapids is cheaper — a 2-bedroom Fair Market Rent is $800/mo vs $835/mo in Rapid City. That's $35/mo or $420/year more expensive in Rapid City (4% higher).
What is the 2-bedroom rent in Cedar Rapids vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Cedar Rapids is $800/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Cedar Rapids and Rapid City?
The median household income in Cedar Rapids is $45,870/year. In Rapid City it is $44,904/year. Cedar Rapids has the higher median income.
What is the studio rent in Cedar Rapids vs Rapid City?
A studio apartment Fair Market Rent in Cedar Rapids is $530/mo. In Rapid City it is $574/mo.