Lafayette vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lafayette is 13% cheaper for renters. A 2-bedroom rents for $741/mo vs $835/mo in Rapid City — saving $1,128/year.
Rent by Unit Size
| Unit Size | Lafayette | Rapid City | Difference |
|---|---|---|---|
| Studio | $502 | $574 | $72 |
| 1 Bedroom | $626 | $702 | $76 |
| 2 Bedrooms | $741 | $835 | $94 |
| 3 Bedrooms | $958 | $1,106 | $148 |
| 4 Bedrooms | $1,134 | $1,277 | $143 |
| Median Income | $38,989 | $44,904 | $5,915 |
Lafayette
- Studio
- $502/mo
- 1 BR
- $626/mo
- 2 BR
- $741/mo
- 3 BR
- $958/mo
- 4 BR
- $1,134/mo
- Median Income
- $38,989/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 Lafayette or Rapid City cheaper to rent in?
Lafayette is cheaper — a 2-bedroom Fair Market Rent is $741/mo vs $835/mo in Rapid City. That's $94/mo or $1,128/year more expensive in Rapid City (13% higher).
What is the 2-bedroom rent in Lafayette vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Lafayette is $741/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Lafayette and Rapid City?
The median household income in Lafayette is $38,989/year. In Rapid City it is $44,904/year. Rapid City has the higher median income.
What is the studio rent in Lafayette vs Rapid City?
A studio apartment Fair Market Rent in Lafayette is $502/mo. In Rapid City it is $574/mo.