Milwaukee-Waukesha vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 13% cheaper for renters. A 2-bedroom rents for $835/mo vs $941/mo in Milwaukee-Waukesha — saving $1,272/year.
Rent by Unit Size
| Unit Size | Milwaukee-Waukesha | Rapid City | Difference |
|---|---|---|---|
| Studio | $640 | $574 | $66 |
| 1 Bedroom | $760 | $702 | $58 |
| 2 Bedrooms | $941 | $835 | $106 |
| 3 Bedrooms | $1,181 | $1,106 | $75 |
| 4 Bedrooms | $1,384 | $1,277 | $107 |
| Median Income | $63,161 | $44,904 | $18,257 |
Milwaukee-Waukesha
- Studio
- $640/mo
- 1 BR
- $760/mo
- 2 BR
- $941/mo
- 3 BR
- $1,181/mo
- 4 BR
- $1,384/mo
- Median Income
- $63,161/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 Milwaukee-Waukesha or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $941/mo in Milwaukee-Waukesha. That's $106/mo or $1,272/year more expensive in Milwaukee-Waukesha (13% higher).
What is the 2-bedroom rent in Milwaukee-Waukesha vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Milwaukee-Waukesha is $941/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Milwaukee-Waukesha and Rapid City?
The median household income in Milwaukee-Waukesha is $63,161/year. In Rapid City it is $44,904/year. Milwaukee-Waukesha has the higher median income.
What is the studio rent in Milwaukee-Waukesha vs Rapid City?
A studio apartment Fair Market Rent in Milwaukee-Waukesha is $640/mo. In Rapid City it is $574/mo.