Lexington-Fayette vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 9% cheaper for renters. A 2-bedroom rents for $835/mo vs $913/mo in Lexington-Fayette — saving $936/year.
Rent by Unit Size
| Unit Size | Lexington-Fayette | Rapid City | Difference |
|---|---|---|---|
| Studio | $595 | $574 | $21 |
| 1 Bedroom | $719 | $702 | $17 |
| 2 Bedrooms | $913 | $835 | $78 |
| 3 Bedrooms | $1,047 | $1,106 | $59 |
| 4 Bedrooms | $1,300 | $1,277 | $23 |
| Median Income | $47,838 | $44,904 | $2,934 |
Lexington-Fayette
- Studio
- $595/mo
- 1 BR
- $719/mo
- 2 BR
- $913/mo
- 3 BR
- $1,047/mo
- 4 BR
- $1,300/mo
- Median Income
- $47,838/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 Lexington-Fayette or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $913/mo in Lexington-Fayette. That's $78/mo or $936/year more expensive in Lexington-Fayette (9% higher).
What is the 2-bedroom rent in Lexington-Fayette vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Lexington-Fayette is $913/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Lexington-Fayette and Rapid City?
The median household income in Lexington-Fayette is $47,838/year. In Rapid City it is $44,904/year. Lexington-Fayette has the higher median income.
What is the studio rent in Lexington-Fayette vs Rapid City?
A studio apartment Fair Market Rent in Lexington-Fayette is $595/mo. In Rapid City it is $574/mo.