Gainesville vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Sioux Falls is 21% cheaper for renters. A 2-bedroom rents for $837/mo vs $1,011/mo in Gainesville — saving $2,088/year.
Rent by Unit Size
| Unit Size | Gainesville | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $680 | $544 | $136 |
| 1 Bedroom | $802 | $672 | $130 |
| 2 Bedrooms | $1,011 | $837 | $174 |
| 3 Bedrooms | $1,236 | $1,012 | $224 |
| 4 Bedrooms | $1,426 | $1,129 | $297 |
| Median Income | $47,354 | $55,443 | $8,089 |
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
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 Gainesville or Sioux Falls cheaper to rent in?
Sioux Falls is cheaper — a 2-bedroom Fair Market Rent is $837/mo vs $1,011/mo in Gainesville. That's $174/mo or $2,088/year more expensive in Gainesville (21% higher).
What is the 2-bedroom rent in Gainesville vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in Gainesville is $1,011/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between Gainesville and Sioux Falls?
The median household income in Gainesville is $47,354/year. In Sioux Falls it is $55,443/year. Sioux Falls has the higher median income.
What is the studio rent in Gainesville vs Sioux Falls?
A studio apartment Fair Market Rent in Gainesville is $680/mo. In Sioux Falls it is $544/mo.