Lubbock vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lubbock is 15% cheaper for renters. A 2-bedroom rents for $727/mo vs $835/mo in Rapid City — saving $1,296/year.
Rent by Unit Size
| Unit Size | Lubbock | Rapid City | Difference |
|---|---|---|---|
| Studio | $467 | $574 | $107 |
| 1 Bedroom | $585 | $702 | $117 |
| 2 Bedrooms | $727 | $835 | $108 |
| 3 Bedrooms | $896 | $1,106 | $210 |
| 4 Bedrooms | $1,003 | $1,277 | $274 |
| Median Income | $49,610 | $44,904 | $4,706 |
Lubbock
- Studio
- $467/mo
- 1 BR
- $585/mo
- 2 BR
- $727/mo
- 3 BR
- $896/mo
- 4 BR
- $1,003/mo
- Median Income
- $49,610/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 Lubbock or Rapid City cheaper to rent in?
Lubbock is cheaper — a 2-bedroom Fair Market Rent is $727/mo vs $835/mo in Rapid City. That's $108/mo or $1,296/year more expensive in Rapid City (15% higher).
What is the 2-bedroom rent in Lubbock vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Lubbock is $727/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Lubbock and Rapid City?
The median household income in Lubbock is $49,610/year. In Rapid City it is $44,904/year. Lubbock has the higher median income.
What is the studio rent in Lubbock vs Rapid City?
A studio apartment Fair Market Rent in Lubbock is $467/mo. In Rapid City it is $574/mo.