Cheyenne vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Sioux Falls is 8% cheaper for renters. A 2-bedroom rents for $837/mo vs $906/mo in Cheyenne — saving $828/year.
Rent by Unit Size
| Unit Size | Cheyenne | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $586 | $544 | $42 |
| 1 Bedroom | $741 | $672 | $69 |
| 2 Bedrooms | $906 | $837 | $69 |
| 3 Bedrooms | $1,120 | $1,012 | $108 |
| 4 Bedrooms | $1,322 | $1,129 | $193 |
| Median Income | $46,984 | $55,443 | $8,459 |
Cheyenne
- Studio
- $586/mo
- 1 BR
- $741/mo
- 2 BR
- $906/mo
- 3 BR
- $1,120/mo
- 4 BR
- $1,322/mo
- Median Income
- $46,984/yr
Sioux Falls
- Studio
- $544/mo
- 1 BR
- $672/mo
- 2 BR
- $837/mo
- 3 BR
- $1,012/mo
- 4 BR
- $1,129/mo
- Median Income
- $55,443/yr
Frequently Asked Questions
Is Cheyenne or Sioux Falls cheaper to rent in?
Sioux Falls is cheaper — a 2-bedroom Fair Market Rent is $837/mo vs $906/mo in Cheyenne. That's $69/mo or $828/year more expensive in Cheyenne (8% higher).
What is the 2-bedroom rent in Cheyenne vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in Cheyenne is $906/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between Cheyenne and Sioux Falls?
The median household income in Cheyenne is $46,984/year. In Sioux Falls it is $55,443/year. Sioux Falls has the higher median income.
What is the studio rent in Cheyenne vs Sioux Falls?
A studio apartment Fair Market Rent in Cheyenne is $586/mo. In Sioux Falls it is $544/mo.