Concord 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 $1,088/mo in Concord — saving $3,036/year.
Rent by Unit Size
| Unit Size | Concord | Rapid City | Difference |
|---|---|---|---|
| Studio | $755 | $574 | $181 |
| 1 Bedroom | $912 | $702 | $210 |
| 2 Bedrooms | $1,088 | $835 | $253 |
| 3 Bedrooms | $1,418 | $1,106 | $312 |
| 4 Bedrooms | $1,586 | $1,277 | $309 |
| Median Income | $53,649 | $44,904 | $8,745 |
Concord
- Studio
- $755/mo
- 1 BR
- $912/mo
- 2 BR
- $1,088/mo
- 3 BR
- $1,418/mo
- 4 BR
- $1,586/mo
- Median Income
- $53,649/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 Concord or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,088/mo in Concord. That's $253/mo or $3,036/year more expensive in Concord (30% higher).
What is the 2-bedroom rent in Concord vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Concord is $1,088/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Concord and Rapid City?
The median household income in Concord is $53,649/year. In Rapid City it is $44,904/year. Concord has the higher median income.
What is the studio rent in Concord vs Rapid City?
A studio apartment Fair Market Rent in Concord is $755/mo. In Rapid City it is $574/mo.