Chico vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 27% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,059/mo in Chico — saving $2,688/year.
Rent by Unit Size
| Unit Size | Chico | Rapid City | Difference |
|---|---|---|---|
| Studio | $698 | $574 | $124 |
| 1 Bedroom | $859 | $702 | $157 |
| 2 Bedrooms | $1,059 | $835 | $224 |
| 3 Bedrooms | $1,354 | $1,106 | $248 |
| 4 Bedrooms | $1,491 | $1,277 | $214 |
| Median Income | $66,884 | $44,904 | $21,980 |
Chico
- Studio
- $698/mo
- 1 BR
- $859/mo
- 2 BR
- $1,059/mo
- 3 BR
- $1,354/mo
- 4 BR
- $1,491/mo
- Median Income
- $66,884/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 Chico or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,059/mo in Chico. That's $224/mo or $2,688/year more expensive in Chico (27% higher).
What is the 2-bedroom rent in Chico vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Chico is $1,059/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Chico and Rapid City?
The median household income in Chico is $66,884/year. In Rapid City it is $44,904/year. Chico has the higher median income.
What is the studio rent in Chico vs Rapid City?
A studio apartment Fair Market Rent in Chico is $698/mo. In Rapid City it is $574/mo.