Erie vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Erie is 25% cheaper for renters. A 2-bedroom rents for $668/mo vs $835/mo in Rapid City — saving $2,004/year.
Rent by Unit Size
| Unit Size | Erie | Rapid City | Difference |
|---|---|---|---|
| Studio | $457 | $574 | $117 |
| 1 Bedroom | $553 | $702 | $149 |
| 2 Bedrooms | $668 | $835 | $167 |
| 3 Bedrooms | $861 | $1,106 | $245 |
| 4 Bedrooms | $985 | $1,277 | $292 |
| Median Income | $45,773 | $44,904 | $869 |
Erie
- Studio
- $457/mo
- 1 BR
- $553/mo
- 2 BR
- $668/mo
- 3 BR
- $861/mo
- 4 BR
- $985/mo
- Median Income
- $45,773/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 Erie or Rapid City cheaper to rent in?
Erie is cheaper — a 2-bedroom Fair Market Rent is $668/mo vs $835/mo in Rapid City. That's $167/mo or $2,004/year more expensive in Rapid City (25% higher).
What is the 2-bedroom rent in Erie vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Erie is $668/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Erie and Rapid City?
The median household income in Erie is $45,773/year. In Rapid City it is $44,904/year. Erie has the higher median income.
What is the studio rent in Erie vs Rapid City?
A studio apartment Fair Market Rent in Erie is $457/mo. In Rapid City it is $574/mo.