Lincoln vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lincoln is 0% cheaper for renters. A 2-bedroom rents for $835/mo vs $837/mo in Sioux Falls — saving $24/year.
Rent by Unit Size
| Unit Size | Lincoln | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $561 | $544 | $17 |
| 1 Bedroom | $685 | $672 | $13 |
| 2 Bedrooms | $835 | $837 | $2 |
| 3 Bedrooms | $1,007 | $1,012 | $5 |
| 4 Bedrooms | $1,216 | $1,129 | $87 |
| Median Income | $40,210 | $55,443 | $15,233 |
Lincoln
- Studio
- $561/mo
- 1 BR
- $685/mo
- 2 BR
- $835/mo
- 3 BR
- $1,007/mo
- 4 BR
- $1,216/mo
- Median Income
- $40,210/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 Lincoln or Sioux Falls cheaper to rent in?
Lincoln is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $837/mo in Sioux Falls. That's $2/mo or $24/year more expensive in Sioux Falls (0% higher).
What is the 2-bedroom rent in Lincoln vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in Lincoln is $835/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between Lincoln and Sioux Falls?
The median household income in Lincoln is $40,210/year. In Sioux Falls it is $55,443/year. Sioux Falls has the higher median income.
What is the studio rent in Lincoln vs Sioux Falls?
A studio apartment Fair Market Rent in Lincoln is $561/mo. In Sioux Falls it is $544/mo.