Gainesville vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 21% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,011/mo in Gainesville — saving $2,112/year.
Rent by Unit Size
| Unit Size | Gainesville | Rapid City | Difference |
|---|---|---|---|
| Studio | $680 | $574 | $106 |
| 1 Bedroom | $802 | $702 | $100 |
| 2 Bedrooms | $1,011 | $835 | $176 |
| 3 Bedrooms | $1,236 | $1,106 | $130 |
| 4 Bedrooms | $1,426 | $1,277 | $149 |
| Median Income | $47,354 | $44,904 | $2,450 |
Gainesville
- Studio
- $680/mo
- 1 BR
- $802/mo
- 2 BR
- $1,011/mo
- 3 BR
- $1,236/mo
- 4 BR
- $1,426/mo
- Median Income
- $47,354/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 Gainesville or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,011/mo in Gainesville. That's $176/mo or $2,112/year more expensive in Gainesville (21% higher).
What is the 2-bedroom rent in Gainesville vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Gainesville is $1,011/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Gainesville and Rapid City?
The median household income in Gainesville is $47,354/year. In Rapid City it is $44,904/year. Gainesville has the higher median income.
What is the studio rent in Gainesville vs Rapid City?
A studio apartment Fair Market Rent in Gainesville is $680/mo. In Rapid City it is $574/mo.