Olympia-Lacey-Tumwater vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 41% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,178/mo in Olympia-Lacey-Tumwater — saving $4,116/year.
Rent by Unit Size
| Unit Size | Olympia-Lacey-Tumwater | Rapid City | Difference |
|---|---|---|---|
| Studio | $769 | $574 | $195 |
| 1 Bedroom | $945 | $702 | $243 |
| 2 Bedrooms | $1,178 | $835 | $343 |
| 3 Bedrooms | $1,376 | $1,106 | $270 |
| 4 Bedrooms | $1,633 | $1,277 | $356 |
| Median Income | $67,966 | $44,904 | $23,062 |
Olympia-Lacey-Tumwater
- Studio
- $769/mo
- 1 BR
- $945/mo
- 2 BR
- $1,178/mo
- 3 BR
- $1,376/mo
- 4 BR
- $1,633/mo
- Median Income
- $67,966/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 Olympia-Lacey-Tumwater or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,178/mo in Olympia-Lacey-Tumwater. That's $343/mo or $4,116/year more expensive in Olympia-Lacey-Tumwater (41% higher).
What is the 2-bedroom rent in Olympia-Lacey-Tumwater vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Olympia-Lacey-Tumwater is $1,178/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Olympia-Lacey-Tumwater and Rapid City?
The median household income in Olympia-Lacey-Tumwater is $67,966/year. In Rapid City it is $44,904/year. Olympia-Lacey-Tumwater has the higher median income.
What is the studio rent in Olympia-Lacey-Tumwater vs Rapid City?
A studio apartment Fair Market Rent in Olympia-Lacey-Tumwater is $769/mo. In Rapid City it is $574/mo.