Fort Collins vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 47% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,227/mo in Fort Collins — saving $4,704/year.
Rent by Unit Size
| Unit Size | Fort Collins | Rapid City | Difference |
|---|---|---|---|
| Studio | $839 | $574 | $265 |
| 1 Bedroom | $990 | $702 | $288 |
| 2 Bedrooms | $1,227 | $835 | $392 |
| 3 Bedrooms | $1,487 | $1,106 | $381 |
| 4 Bedrooms | $1,747 | $1,277 | $470 |
| Median Income | $63,053 | $44,904 | $18,149 |
Fort Collins
- Studio
- $839/mo
- 1 BR
- $990/mo
- 2 BR
- $1,227/mo
- 3 BR
- $1,487/mo
- 4 BR
- $1,747/mo
- Median Income
- $63,053/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 Fort Collins or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,227/mo in Fort Collins. That's $392/mo or $4,704/year more expensive in Fort Collins (47% higher).
What is the 2-bedroom rent in Fort Collins vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Fort Collins is $1,227/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Fort Collins and Rapid City?
The median household income in Fort Collins is $63,053/year. In Rapid City it is $44,904/year. Fort Collins has the higher median income.
What is the studio rent in Fort Collins vs Rapid City?
A studio apartment Fair Market Rent in Fort Collins is $839/mo. In Rapid City it is $574/mo.