Las Vegas-Henderson-Paradise vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 39% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,158/mo in Las Vegas-Henderson-Paradise — saving $3,876/year.
Rent by Unit Size
| Unit Size | Las Vegas-Henderson-Paradise | Rapid City | Difference |
|---|---|---|---|
| Studio | $763 | $574 | $189 |
| 1 Bedroom | $930 | $702 | $228 |
| 2 Bedrooms | $1,158 | $835 | $323 |
| 3 Bedrooms | $1,413 | $1,106 | $307 |
| 4 Bedrooms | $1,616 | $1,277 | $339 |
| Median Income | $65,358 | $44,904 | $20,454 |
Las Vegas-Henderson-Paradise
- Studio
- $763/mo
- 1 BR
- $930/mo
- 2 BR
- $1,158/mo
- 3 BR
- $1,413/mo
- 4 BR
- $1,616/mo
- Median Income
- $65,358/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 Las Vegas-Henderson-Paradise or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,158/mo in Las Vegas-Henderson-Paradise. That's $323/mo or $3,876/year more expensive in Las Vegas-Henderson-Paradise (39% higher).
What is the 2-bedroom rent in Las Vegas-Henderson-Paradise vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Las Vegas-Henderson-Paradise is $1,158/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Las Vegas-Henderson-Paradise and Rapid City?
The median household income in Las Vegas-Henderson-Paradise is $65,358/year. In Rapid City it is $44,904/year. Las Vegas-Henderson-Paradise has the higher median income.
What is the studio rent in Las Vegas-Henderson-Paradise vs Rapid City?
A studio apartment Fair Market Rent in Las Vegas-Henderson-Paradise is $763/mo. In Rapid City it is $574/mo.