Missoula vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 29% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,081/mo in Missoula — saving $2,952/year.
Rent by Unit Size
| Unit Size | Missoula | Rapid City | Difference |
|---|---|---|---|
| Studio | $762 | $574 | $188 |
| 1 Bedroom | $909 | $702 | $207 |
| 2 Bedrooms | $1,081 | $835 | $246 |
| 3 Bedrooms | $1,423 | $1,106 | $317 |
| 4 Bedrooms | $1,651 | $1,277 | $374 |
| Median Income | $73,596 | $44,904 | $28,692 |
Missoula
- Studio
- $762/mo
- 1 BR
- $909/mo
- 2 BR
- $1,081/mo
- 3 BR
- $1,423/mo
- 4 BR
- $1,651/mo
- Median Income
- $73,596/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 Missoula or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,081/mo in Missoula. That's $246/mo or $2,952/year more expensive in Missoula (29% higher).
What is the 2-bedroom rent in Missoula vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Missoula is $1,081/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Missoula and Rapid City?
The median household income in Missoula is $73,596/year. In Rapid City it is $44,904/year. Missoula has the higher median income.
What is the studio rent in Missoula vs Rapid City?
A studio apartment Fair Market Rent in Missoula is $762/mo. In Rapid City it is $574/mo.