Madera vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 15% cheaper for renters. A 2-bedroom rents for $835/mo vs $960/mo in Madera — saving $1,500/year.
Rent by Unit Size
| Unit Size | Madera | Rapid City | Difference |
|---|---|---|---|
| Studio | $646 | $574 | $72 |
| 1 Bedroom | $763 | $702 | $61 |
| 2 Bedrooms | $960 | $835 | $125 |
| 3 Bedrooms | $1,195 | $1,106 | $89 |
| 4 Bedrooms | $1,347 | $1,277 | $70 |
| Median Income | $57,586 | $44,904 | $12,682 |
Madera
- Studio
- $646/mo
- 1 BR
- $763/mo
- 2 BR
- $960/mo
- 3 BR
- $1,195/mo
- 4 BR
- $1,347/mo
- Median Income
- $57,586/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 Madera or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $960/mo in Madera. That's $125/mo or $1,500/year more expensive in Madera (15% higher).
What is the 2-bedroom rent in Madera vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Madera is $960/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Madera and Rapid City?
The median household income in Madera is $57,586/year. In Rapid City it is $44,904/year. Madera has the higher median income.
What is the studio rent in Madera vs Rapid City?
A studio apartment Fair Market Rent in Madera is $646/mo. In Rapid City it is $574/mo.