El Paso vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 4% cheaper for renters. A 2-bedroom rents for $835/mo vs $868/mo in El Paso — saving $396/year.
Rent by Unit Size
| Unit Size | El Paso | Rapid City | Difference |
|---|---|---|---|
| Studio | $557 | $574 | $17 |
| 1 Bedroom | $685 | $702 | $17 |
| 2 Bedrooms | $868 | $835 | $33 |
| 3 Bedrooms | $1,052 | $1,106 | $54 |
| 4 Bedrooms | $1,194 | $1,277 | $83 |
| Median Income | $45,964 | $44,904 | $1,060 |
El Paso
- Studio
- $557/mo
- 1 BR
- $685/mo
- 2 BR
- $868/mo
- 3 BR
- $1,052/mo
- 4 BR
- $1,194/mo
- Median Income
- $45,964/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 El Paso or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $868/mo in El Paso. That's $33/mo or $396/year more expensive in El Paso (4% higher).
What is the 2-bedroom rent in El Paso vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in El Paso is $868/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between El Paso and Rapid City?
The median household income in El Paso is $45,964/year. In Rapid City it is $44,904/year. El Paso has the higher median income.
What is the studio rent in El Paso vs Rapid City?
A studio apartment Fair Market Rent in El Paso is $557/mo. In Rapid City it is $574/mo.