Lafayette vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lafayette is 13% cheaper for renters. A 2-bedroom rents for $741/mo vs $837/mo in Sioux Falls — saving $1,152/year.
Rent by Unit Size
| Unit Size | Lafayette | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $502 | $544 | $42 |
| 1 Bedroom | $626 | $672 | $46 |
| 2 Bedrooms | $741 | $837 | $96 |
| 3 Bedrooms | $958 | $1,012 | $54 |
| 4 Bedrooms | $1,134 | $1,129 | $5 |
| Median Income | $38,989 | $55,443 | $16,454 |
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
Sioux Falls
- Studio
- $544/mo
- 1 BR
- $672/mo
- 2 BR
- $837/mo
- 3 BR
- $1,012/mo
- 4 BR
- $1,129/mo
- Median Income
- $55,443/yr
Frequently Asked Questions
Is Lafayette or Sioux Falls cheaper to rent in?
Lafayette is cheaper — a 2-bedroom Fair Market Rent is $741/mo vs $837/mo in Sioux Falls. That's $96/mo or $1,152/year more expensive in Sioux Falls (13% higher).
What is the 2-bedroom rent in Lafayette vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in Lafayette is $741/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between Lafayette and Sioux Falls?
The median household income in Lafayette is $38,989/year. In Sioux Falls it is $55,443/year. Sioux Falls has the higher median income.
What is the studio rent in Lafayette vs Sioux Falls?
A studio apartment Fair Market Rent in Lafayette is $502/mo. In Sioux Falls it is $544/mo.