Lakeland-Winter Haven vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 21% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,013/mo in Lakeland-Winter Haven — saving $2,136/year.
Rent by Unit Size
| Unit Size | Lakeland-Winter Haven | Rapid City | Difference |
|---|---|---|---|
| Studio | $664 | $574 | $90 |
| 1 Bedroom | $793 | $702 | $91 |
| 2 Bedrooms | $1,013 | $835 | $178 |
| 3 Bedrooms | $1,178 | $1,106 | $72 |
| 4 Bedrooms | $1,395 | $1,277 | $118 |
| Median Income | $55,009 | $44,904 | $10,105 |
Lakeland-Winter Haven
- Studio
- $664/mo
- 1 BR
- $793/mo
- 2 BR
- $1,013/mo
- 3 BR
- $1,178/mo
- 4 BR
- $1,395/mo
- Median Income
- $55,009/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 Lakeland-Winter Haven or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,013/mo in Lakeland-Winter Haven. That's $178/mo or $2,136/year more expensive in Lakeland-Winter Haven (21% higher).
What is the 2-bedroom rent in Lakeland-Winter Haven vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Lakeland-Winter Haven is $1,013/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Lakeland-Winter Haven and Rapid City?
The median household income in Lakeland-Winter Haven is $55,009/year. In Rapid City it is $44,904/year. Lakeland-Winter Haven has the higher median income.
What is the studio rent in Lakeland-Winter Haven vs Rapid City?
A studio apartment Fair Market Rent in Lakeland-Winter Haven is $664/mo. In Rapid City it is $574/mo.