New York-Newark-Jersey City vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 175% cheaper for renters. A 2-bedroom rents for $835/mo vs $2,293/mo in New York-Newark-Jersey City — saving $17,496/year.
Rent by Unit Size
| Unit Size | New York-Newark-Jersey City | Rapid City | Difference |
|---|---|---|---|
| Studio | $1,531 | $574 | $957 |
| 1 Bedroom | $1,813 | $702 | $1,111 |
| 2 Bedrooms | $2,293 | $835 | $1,458 |
| 3 Bedrooms | $2,674 | $1,106 | $1,568 |
| 4 Bedrooms | $3,167 | $1,277 | $1,890 |
| Median Income | $124,777 | $44,904 | $79,873 |
New York-Newark-Jersey City
- Studio
- $1,531/mo
- 1 BR
- $1,813/mo
- 2 BR
- $2,293/mo
- 3 BR
- $2,674/mo
- 4 BR
- $3,167/mo
- Median Income
- $124,777/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 New York-Newark-Jersey City or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $2,293/mo in New York-Newark-Jersey City. That's $1,458/mo or $17,496/year more expensive in New York-Newark-Jersey City (175% higher).
What is the 2-bedroom rent in New York-Newark-Jersey City vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in New York-Newark-Jersey City is $2,293/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between New York-Newark-Jersey City and Rapid City?
The median household income in New York-Newark-Jersey City is $124,777/year. In Rapid City it is $44,904/year. New York-Newark-Jersey City has the higher median income.
What is the studio rent in New York-Newark-Jersey City vs Rapid City?
A studio apartment Fair Market Rent in New York-Newark-Jersey City is $1,531/mo. In Rapid City it is $574/mo.