Hanford-Corcoran vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 4% cheaper for renters. A 2-bedroom rents for $835/mo vs $871/mo in Hanford-Corcoran — saving $432/year.
Rent by Unit Size
| Unit Size | Hanford-Corcoran | Rapid City | Difference |
|---|---|---|---|
| Studio | $578 | $574 | $4 |
| 1 Bedroom | $702 | $702 | $0 |
| 2 Bedrooms | $871 | $835 | $36 |
| 3 Bedrooms | $1,106 | $1,106 | $0 |
| 4 Bedrooms | $1,179 | $1,277 | $98 |
| Median Income | $53,765 | $44,904 | $8,861 |
Hanford-Corcoran
- Studio
- $578/mo
- 1 BR
- $702/mo
- 2 BR
- $871/mo
- 3 BR
- $1,106/mo
- 4 BR
- $1,179/mo
- Median Income
- $53,765/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 Hanford-Corcoran or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $871/mo in Hanford-Corcoran. That's $36/mo or $432/year more expensive in Hanford-Corcoran (4% higher).
What is the 2-bedroom rent in Hanford-Corcoran vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Hanford-Corcoran is $871/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Hanford-Corcoran and Rapid City?
The median household income in Hanford-Corcoran is $53,765/year. In Rapid City it is $44,904/year. Hanford-Corcoran has the higher median income.
What is the studio rent in Hanford-Corcoran vs Rapid City?
A studio apartment Fair Market Rent in Hanford-Corcoran is $578/mo. In Rapid City it is $574/mo.