Evansville vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Evansville is 20% cheaper for renters. A 2-bedroom rents for $694/mo vs $835/mo in Rapid City — saving $1,692/year.
Rent by Unit Size
| Unit Size | Evansville | Rapid City | Difference |
|---|---|---|---|
| Studio | $442 | $574 | $132 |
| 1 Bedroom | $564 | $702 | $138 |
| 2 Bedrooms | $694 | $835 | $141 |
| 3 Bedrooms | $844 | $1,106 | $262 |
| 4 Bedrooms | $981 | $1,277 | $296 |
| Median Income | $35,376 | $44,904 | $9,528 |
Evansville
- Studio
- $442/mo
- 1 BR
- $564/mo
- 2 BR
- $694/mo
- 3 BR
- $844/mo
- 4 BR
- $981/mo
- Median Income
- $35,376/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 Evansville or Rapid City cheaper to rent in?
Evansville is cheaper — a 2-bedroom Fair Market Rent is $694/mo vs $835/mo in Rapid City. That's $141/mo or $1,692/year more expensive in Rapid City (20% higher).
What is the 2-bedroom rent in Evansville vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Evansville is $694/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Evansville and Rapid City?
The median household income in Evansville is $35,376/year. In Rapid City it is $44,904/year. Rapid City has the higher median income.
What is the studio rent in Evansville vs Rapid City?
A studio apartment Fair Market Rent in Evansville is $442/mo. In Rapid City it is $574/mo.