Idaho Falls vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 7% cheaper for renters. A 2-bedroom rents for $835/mo vs $897/mo in Idaho Falls — saving $744/year.
Rent by Unit Size
| Unit Size | Idaho Falls | Rapid City | Difference |
|---|---|---|---|
| Studio | $583 | $574 | $9 |
| 1 Bedroom | $710 | $702 | $8 |
| 2 Bedrooms | $897 | $835 | $62 |
| 3 Bedrooms | $1,089 | $1,106 | $17 |
| 4 Bedrooms | $1,288 | $1,277 | $11 |
| Median Income | $42,238 | $44,904 | $2,666 |
Idaho Falls
- Studio
- $583/mo
- 1 BR
- $710/mo
- 2 BR
- $897/mo
- 3 BR
- $1,089/mo
- 4 BR
- $1,288/mo
- Median Income
- $42,238/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 Idaho Falls or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $897/mo in Idaho Falls. That's $62/mo or $744/year more expensive in Idaho Falls (7% higher).
What is the 2-bedroom rent in Idaho Falls vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Idaho Falls is $897/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Idaho Falls and Rapid City?
The median household income in Idaho Falls is $42,238/year. In Rapid City it is $44,904/year. Rapid City has the higher median income.
What is the studio rent in Idaho Falls vs Rapid City?
A studio apartment Fair Market Rent in Idaho Falls is $583/mo. In Rapid City it is $574/mo.