Madison vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Sioux Falls is 24% cheaper for renters. A 2-bedroom rents for $837/mo vs $1,038/mo in Madison — saving $2,412/year.
Rent by Unit Size
| Unit Size | Madison | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $676 | $544 | $132 |
| 1 Bedroom | $827 | $672 | $155 |
| 2 Bedrooms | $1,038 | $837 | $201 |
| 3 Bedrooms | $1,222 | $1,012 | $210 |
| 4 Bedrooms | $1,400 | $1,129 | $271 |
| Median Income | $64,691 | $55,443 | $9,248 |
Madison
- Studio
- $676/mo
- 1 BR
- $827/mo
- 2 BR
- $1,038/mo
- 3 BR
- $1,222/mo
- 4 BR
- $1,400/mo
- Median Income
- $64,691/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 Madison or Sioux Falls cheaper to rent in?
Sioux Falls is cheaper — a 2-bedroom Fair Market Rent is $837/mo vs $1,038/mo in Madison. That's $201/mo or $2,412/year more expensive in Madison (24% higher).
What is the 2-bedroom rent in Madison vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in Madison is $1,038/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between Madison and Sioux Falls?
The median household income in Madison is $64,691/year. In Sioux Falls it is $55,443/year. Madison has the higher median income.
What is the studio rent in Madison vs Sioux Falls?
A studio apartment Fair Market Rent in Madison is $676/mo. In Sioux Falls it is $544/mo.