Fort Wayne vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Fort Wayne is 8% cheaper for renters. A 2-bedroom rents for $777/mo vs $837/mo in Sioux Falls — saving $720/year.
Rent by Unit Size
| Unit Size | Fort Wayne | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $499 | $544 | $45 |
| 1 Bedroom | $639 | $672 | $33 |
| 2 Bedrooms | $777 | $837 | $60 |
| 3 Bedrooms | $969 | $1,012 | $43 |
| 4 Bedrooms | $1,175 | $1,129 | $46 |
| Median Income | $47,806 | $55,443 | $7,637 |
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
Sioux Falls
- Studio
- $544/mo
- 1 BR
- $672/mo
- 2 BR
- $837/mo
- 3 BR
- $1,012/mo
- 4 BR
- $1,129/mo
- Median Income
- $55,443/yr
Frequently Asked Questions
Is Fort Wayne or Sioux Falls cheaper to rent in?
Fort Wayne is cheaper — a 2-bedroom Fair Market Rent is $777/mo vs $837/mo in Sioux Falls. That's $60/mo or $720/year more expensive in Sioux Falls (8% higher).
What is the 2-bedroom rent in Fort Wayne vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in Fort Wayne is $777/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between Fort Wayne and Sioux Falls?
The median household income in Fort Wayne is $47,806/year. In Sioux Falls it is $55,443/year. Sioux Falls has the higher median income.
What is the studio rent in Fort Wayne vs Sioux Falls?
A studio apartment Fair Market Rent in Fort Wayne is $499/mo. In Sioux Falls it is $544/mo.