Denver-Aurora-Lakewood vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 70% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,421/mo in Denver-Aurora-Lakewood — saving $7,032/year.
Rent by Unit Size
| Unit Size | Denver-Aurora-Lakewood | Rapid City | Difference |
|---|---|---|---|
| Studio | $944 | $574 | $370 |
| 1 Bedroom | $1,123 | $702 | $421 |
| 2 Bedrooms | $1,421 | $835 | $586 |
| 3 Bedrooms | $1,665 | $1,106 | $559 |
| 4 Bedrooms | $2,036 | $1,277 | $759 |
| Median Income | $86,704 | $44,904 | $41,800 |
Denver-Aurora-Lakewood
- Studio
- $944/mo
- 1 BR
- $1,123/mo
- 2 BR
- $1,421/mo
- 3 BR
- $1,665/mo
- 4 BR
- $2,036/mo
- Median Income
- $86,704/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 Denver-Aurora-Lakewood or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,421/mo in Denver-Aurora-Lakewood. That's $586/mo or $7,032/year more expensive in Denver-Aurora-Lakewood (70% higher).
What is the 2-bedroom rent in Denver-Aurora-Lakewood vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Denver-Aurora-Lakewood is $1,421/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Denver-Aurora-Lakewood and Rapid City?
The median household income in Denver-Aurora-Lakewood is $86,704/year. In Rapid City it is $44,904/year. Denver-Aurora-Lakewood has the higher median income.
What is the studio rent in Denver-Aurora-Lakewood vs Rapid City?
A studio apartment Fair Market Rent in Denver-Aurora-Lakewood is $944/mo. In Rapid City it is $574/mo.