Laredo vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Laredo is 20% cheaper for renters. A 2-bedroom rents for $698/mo vs $837/mo in Sioux Falls — saving $1,668/year.
Rent by Unit Size
| Unit Size | Laredo | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $463 | $544 | $81 |
| 1 Bedroom | $552 | $672 | $120 |
| 2 Bedrooms | $698 | $837 | $139 |
| 3 Bedrooms | $851 | $1,012 | $161 |
| 4 Bedrooms | $966 | $1,129 | $163 |
| Median Income | $40,343 | $55,443 | $15,100 |
Laredo
- Studio
- $463/mo
- 1 BR
- $552/mo
- 2 BR
- $698/mo
- 3 BR
- $851/mo
- 4 BR
- $966/mo
- Median Income
- $40,343/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 Laredo or Sioux Falls cheaper to rent in?
Laredo is cheaper — a 2-bedroom Fair Market Rent is $698/mo vs $837/mo in Sioux Falls. That's $139/mo or $1,668/year more expensive in Sioux Falls (20% higher).
What is the 2-bedroom rent in Laredo vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in Laredo is $698/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between Laredo and Sioux Falls?
The median household income in Laredo is $40,343/year. In Sioux Falls it is $55,443/year. Sioux Falls has the higher median income.
What is the studio rent in Laredo vs Sioux Falls?
A studio apartment Fair Market Rent in Laredo is $463/mo. In Sioux Falls it is $544/mo.