Lake Charles vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lake Charles is 14% cheaper for renters. A 2-bedroom rents for $735/mo vs $835/mo in Rapid City — saving $1,200/year.
Rent by Unit Size
| Unit Size | Lake Charles | Rapid City | Difference |
|---|---|---|---|
| Studio | $490 | $574 | $84 |
| 1 Bedroom | $592 | $702 | $110 |
| 2 Bedrooms | $735 | $835 | $100 |
| 3 Bedrooms | $930 | $1,106 | $176 |
| 4 Bedrooms | $984 | $1,277 | $293 |
| Median Income | $45,479 | $44,904 | $575 |
Lake Charles
- Studio
- $490/mo
- 1 BR
- $592/mo
- 2 BR
- $735/mo
- 3 BR
- $930/mo
- 4 BR
- $984/mo
- Median Income
- $45,479/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 Lake Charles or Rapid City cheaper to rent in?
Lake Charles is cheaper — a 2-bedroom Fair Market Rent is $735/mo vs $835/mo in Rapid City. That's $100/mo or $1,200/year more expensive in Rapid City (14% higher).
What is the 2-bedroom rent in Lake Charles vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Lake Charles is $735/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Lake Charles and Rapid City?
The median household income in Lake Charles is $45,479/year. In Rapid City it is $44,904/year. Lake Charles has the higher median income.
What is the studio rent in Lake Charles vs Rapid City?
A studio apartment Fair Market Rent in Lake Charles is $490/mo. In Rapid City it is $574/mo.