Lexington-Fayette vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Sioux Falls is 9% cheaper for renters. A 2-bedroom rents for $837/mo vs $913/mo in Lexington-Fayette — saving $912/year.
Rent by Unit Size
| Unit Size | Lexington-Fayette | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $595 | $544 | $51 |
| 1 Bedroom | $719 | $672 | $47 |
| 2 Bedrooms | $913 | $837 | $76 |
| 3 Bedrooms | $1,047 | $1,012 | $35 |
| 4 Bedrooms | $1,300 | $1,129 | $171 |
| Median Income | $47,838 | $55,443 | $7,605 |
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
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 Lexington-Fayette or Sioux Falls cheaper to rent in?
Sioux Falls is cheaper — a 2-bedroom Fair Market Rent is $837/mo vs $913/mo in Lexington-Fayette. That's $76/mo or $912/year more expensive in Lexington-Fayette (9% higher).
What is the 2-bedroom rent in Lexington-Fayette vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in Lexington-Fayette is $913/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between Lexington-Fayette and Sioux Falls?
The median household income in Lexington-Fayette is $47,838/year. In Sioux Falls it is $55,443/year. Sioux Falls has the higher median income.
What is the studio rent in Lexington-Fayette vs Sioux Falls?
A studio apartment Fair Market Rent in Lexington-Fayette is $595/mo. In Sioux Falls it is $544/mo.