Minneapolis-St. Paul-Bloomington vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 31% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,091/mo in Minneapolis-St. Paul-Bloomington — saving $3,072/year.
Rent by Unit Size
| Unit Size | Minneapolis-St. Paul-Bloomington | Rapid City | Difference |
|---|---|---|---|
| Studio | $731 | $574 | $157 |
| 1 Bedroom | $917 | $702 | $215 |
| 2 Bedrooms | $1,091 | $835 | $256 |
| 3 Bedrooms | $1,436 | $1,106 | $330 |
| 4 Bedrooms | $1,675 | $1,277 | $398 |
| Median Income | $69,491 | $44,904 | $24,587 |
Minneapolis-St. Paul-Bloomington
- Studio
- $731/mo
- 1 BR
- $917/mo
- 2 BR
- $1,091/mo
- 3 BR
- $1,436/mo
- 4 BR
- $1,675/mo
- Median Income
- $69,491/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 Minneapolis-St. Paul-Bloomington or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,091/mo in Minneapolis-St. Paul-Bloomington. That's $256/mo or $3,072/year more expensive in Minneapolis-St. Paul-Bloomington (31% higher).
What is the 2-bedroom rent in Minneapolis-St. Paul-Bloomington vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Minneapolis-St. Paul-Bloomington is $1,091/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Minneapolis-St. Paul-Bloomington and Rapid City?
The median household income in Minneapolis-St. Paul-Bloomington is $69,491/year. In Rapid City it is $44,904/year. Minneapolis-St. Paul-Bloomington has the higher median income.
What is the studio rent in Minneapolis-St. Paul-Bloomington vs Rapid City?
A studio apartment Fair Market Rent in Minneapolis-St. Paul-Bloomington is $731/mo. In Rapid City it is $574/mo.