Charlotte-Concord-Gastonia vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 30% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,084/mo in Charlotte-Concord-Gastonia — saving $2,988/year.
Rent by Unit Size
| Unit Size | Charlotte-Concord-Gastonia | Rapid City | Difference |
|---|---|---|---|
| Studio | $724 | $574 | $150 |
| 1 Bedroom | $881 | $702 | $179 |
| 2 Bedrooms | $1,084 | $835 | $249 |
| 3 Bedrooms | $1,328 | $1,106 | $222 |
| 4 Bedrooms | $1,555 | $1,277 | $278 |
| Median Income | $63,227 | $44,904 | $18,323 |
Charlotte-Concord-Gastonia
- Studio
- $724/mo
- 1 BR
- $881/mo
- 2 BR
- $1,084/mo
- 3 BR
- $1,328/mo
- 4 BR
- $1,555/mo
- Median Income
- $63,227/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 Charlotte-Concord-Gastonia or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,084/mo in Charlotte-Concord-Gastonia. That's $249/mo or $2,988/year more expensive in Charlotte-Concord-Gastonia (30% higher).
What is the 2-bedroom rent in Charlotte-Concord-Gastonia vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Charlotte-Concord-Gastonia is $1,084/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Charlotte-Concord-Gastonia and Rapid City?
The median household income in Charlotte-Concord-Gastonia is $63,227/year. In Rapid City it is $44,904/year. Charlotte-Concord-Gastonia has the higher median income.
What is the studio rent in Charlotte-Concord-Gastonia vs Rapid City?
A studio apartment Fair Market Rent in Charlotte-Concord-Gastonia is $724/mo. In Rapid City it is $574/mo.