Fort Wayne vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Fort Wayne is 7% cheaper for renters. A 2-bedroom rents for $777/mo vs $835/mo in Rapid City — saving $696/year.
Rent by Unit Size
| Unit Size | Fort Wayne | Rapid City | Difference |
|---|---|---|---|
| Studio | $499 | $574 | $75 |
| 1 Bedroom | $639 | $702 | $63 |
| 2 Bedrooms | $777 | $835 | $58 |
| 3 Bedrooms | $969 | $1,106 | $137 |
| 4 Bedrooms | $1,175 | $1,277 | $102 |
| Median Income | $47,806 | $44,904 | $2,902 |
Fort Wayne
- Studio
- $499/mo
- 1 BR
- $639/mo
- 2 BR
- $777/mo
- 3 BR
- $969/mo
- 4 BR
- $1,175/mo
- Median Income
- $47,806/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 Wayne or Rapid City cheaper to rent in?
Fort Wayne is cheaper — a 2-bedroom Fair Market Rent is $777/mo vs $835/mo in Rapid City. That's $58/mo or $696/year more expensive in Rapid City (7% higher).
What is the 2-bedroom rent in Fort Wayne vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Fort Wayne is $777/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Fort Wayne and Rapid City?
The median household income in Fort Wayne is $47,806/year. In Rapid City it is $44,904/year. Fort Wayne has the higher median income.
What is the studio rent in Fort Wayne vs Rapid City?
A studio apartment Fair Market Rent in Fort Wayne is $499/mo. In Rapid City it is $574/mo.