Medford vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 28% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,065/mo in Medford — saving $2,760/year.
Rent by Unit Size
| Unit Size | Medford | Rapid City | Difference |
|---|---|---|---|
| Studio | $704 | $574 | $130 |
| 1 Bedroom | $865 | $702 | $163 |
| 2 Bedrooms | $1,065 | $835 | $230 |
| 3 Bedrooms | $1,318 | $1,106 | $212 |
| 4 Bedrooms | $1,480 | $1,277 | $203 |
| Median Income | $51,417 | $44,904 | $6,513 |
Medford
- Studio
- $704/mo
- 1 BR
- $865/mo
- 2 BR
- $1,065/mo
- 3 BR
- $1,318/mo
- 4 BR
- $1,480/mo
- Median Income
- $51,417/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 Medford or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,065/mo in Medford. That's $230/mo or $2,760/year more expensive in Medford (28% higher).
What is the 2-bedroom rent in Medford vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Medford is $1,065/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Medford and Rapid City?
The median household income in Medford is $51,417/year. In Rapid City it is $44,904/year. Medford has the higher median income.
What is the studio rent in Medford vs Rapid City?
A studio apartment Fair Market Rent in Medford is $704/mo. In Rapid City it is $574/mo.