Colorado Springs vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 37% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,142/mo in Colorado Springs — saving $3,684/year.
Rent by Unit Size
| Unit Size | Colorado Springs | Rapid City | Difference |
|---|---|---|---|
| Studio | $778 | $574 | $204 |
| 1 Bedroom | $959 | $702 | $257 |
| 2 Bedrooms | $1,142 | $835 | $307 |
| 3 Bedrooms | $1,510 | $1,106 | $404 |
| 4 Bedrooms | $1,677 | $1,277 | $400 |
| Median Income | $70,288 | $44,904 | $25,384 |
Colorado Springs
- Studio
- $778/mo
- 1 BR
- $959/mo
- 2 BR
- $1,142/mo
- 3 BR
- $1,510/mo
- 4 BR
- $1,677/mo
- Median Income
- $70,288/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 Colorado Springs or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,142/mo in Colorado Springs. That's $307/mo or $3,684/year more expensive in Colorado Springs (37% higher).
What is the 2-bedroom rent in Colorado Springs vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Colorado Springs is $1,142/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Colorado Springs and Rapid City?
The median household income in Colorado Springs is $70,288/year. In Rapid City it is $44,904/year. Colorado Springs has the higher median income.
What is the studio rent in Colorado Springs vs Rapid City?
A studio apartment Fair Market Rent in Colorado Springs is $778/mo. In Rapid City it is $574/mo.