Prescott Valley-Prescott vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 26% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,054/mo in Prescott Valley-Prescott — saving $2,628/year.
Rent by Unit Size
| Unit Size | Prescott Valley-Prescott | Rapid City | Difference |
|---|---|---|---|
| Studio | $648 | $574 | $74 |
| 1 Bedroom | $826 | $702 | $124 |
| 2 Bedrooms | $1,054 | $835 | $219 |
| 3 Bedrooms | $1,277 | $1,106 | $171 |
| 4 Bedrooms | $1,437 | $1,277 | $160 |
| Median Income | $60,079 | $44,904 | $15,175 |
Prescott Valley-Prescott
- Studio
- $648/mo
- 1 BR
- $826/mo
- 2 BR
- $1,054/mo
- 3 BR
- $1,277/mo
- 4 BR
- $1,437/mo
- Median Income
- $60,079/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 Prescott Valley-Prescott or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,054/mo in Prescott Valley-Prescott. That's $219/mo or $2,628/year more expensive in Prescott Valley-Prescott (26% higher).
What is the 2-bedroom rent in Prescott Valley-Prescott vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Prescott Valley-Prescott is $1,054/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Prescott Valley-Prescott and Rapid City?
The median household income in Prescott Valley-Prescott is $60,079/year. In Rapid City it is $44,904/year. Prescott Valley-Prescott has the higher median income.
What is the studio rent in Prescott Valley-Prescott vs Rapid City?
A studio apartment Fair Market Rent in Prescott Valley-Prescott is $648/mo. In Rapid City it is $574/mo.