Great Falls vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Great Falls is 6% cheaper for renters. A 2-bedroom rents for $791/mo vs $835/mo in Rapid City — saving $528/year.
Rent by Unit Size
| Unit Size | Great Falls | Rapid City | Difference |
|---|---|---|---|
| Studio | $519 | $574 | $55 |
| 1 Bedroom | $625 | $702 | $77 |
| 2 Bedrooms | $791 | $835 | $44 |
| 3 Bedrooms | $997 | $1,106 | $109 |
| 4 Bedrooms | $1,047 | $1,277 | $230 |
| Median Income | $41,522 | $44,904 | $3,382 |
Great Falls
- Studio
- $519/mo
- 1 BR
- $625/mo
- 2 BR
- $791/mo
- 3 BR
- $997/mo
- 4 BR
- $1,047/mo
- Median Income
- $41,522/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 Great Falls or Rapid City cheaper to rent in?
Great Falls is cheaper — a 2-bedroom Fair Market Rent is $791/mo vs $835/mo in Rapid City. That's $44/mo or $528/year more expensive in Rapid City (6% higher).
What is the 2-bedroom rent in Great Falls vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Great Falls is $791/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Great Falls and Rapid City?
The median household income in Great Falls is $41,522/year. In Rapid City it is $44,904/year. Rapid City has the higher median income.
What is the studio rent in Great Falls vs Rapid City?
A studio apartment Fair Market Rent in Great Falls is $519/mo. In Rapid City it is $574/mo.