Knoxville vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 0% cheaper for renters. A 2-bedroom rents for $835/mo vs $836/mo in Knoxville — saving $12/year.
Rent by Unit Size
| Unit Size | Knoxville | Rapid City | Difference |
|---|---|---|---|
| Studio | $566 | $574 | $8 |
| 1 Bedroom | $693 | $702 | $9 |
| 2 Bedrooms | $836 | $835 | $1 |
| 3 Bedrooms | $1,106 | $1,106 | $0 |
| 4 Bedrooms | $1,220 | $1,277 | $57 |
| Median Income | $54,020 | $44,904 | $9,116 |
Knoxville
- Studio
- $566/mo
- 1 BR
- $693/mo
- 2 BR
- $836/mo
- 3 BR
- $1,106/mo
- 4 BR
- $1,220/mo
- Median Income
- $54,020/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 Knoxville or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $836/mo in Knoxville. That's $1/mo or $12/year more expensive in Knoxville (0% higher).
What is the 2-bedroom rent in Knoxville vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Knoxville is $836/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Knoxville and Rapid City?
The median household income in Knoxville is $54,020/year. In Rapid City it is $44,904/year. Knoxville has the higher median income.
What is the studio rent in Knoxville vs Rapid City?
A studio apartment Fair Market Rent in Knoxville is $566/mo. In Rapid City it is $574/mo.