Providence-Warwick vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 34% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,122/mo in Providence-Warwick — saving $3,444/year.
Rent by Unit Size
| Unit Size | Providence-Warwick | Rapid City | Difference |
|---|---|---|---|
| Studio | $784 | $574 | $210 |
| 1 Bedroom | $946 | $702 | $244 |
| 2 Bedrooms | $1,122 | $835 | $287 |
| 3 Bedrooms | $1,429 | $1,106 | $323 |
| 4 Bedrooms | $1,663 | $1,277 | $386 |
| Median Income | $69,693 | $44,904 | $24,789 |
Providence-Warwick
- Studio
- $784/mo
- 1 BR
- $946/mo
- 2 BR
- $1,122/mo
- 3 BR
- $1,429/mo
- 4 BR
- $1,663/mo
- Median Income
- $69,693/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 Providence-Warwick or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,122/mo in Providence-Warwick. That's $287/mo or $3,444/year more expensive in Providence-Warwick (34% higher).
What is the 2-bedroom rent in Providence-Warwick vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Providence-Warwick is $1,122/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Providence-Warwick and Rapid City?
The median household income in Providence-Warwick is $69,693/year. In Rapid City it is $44,904/year. Providence-Warwick has the higher median income.
What is the studio rent in Providence-Warwick vs Rapid City?
A studio apartment Fair Market Rent in Providence-Warwick is $784/mo. In Rapid City it is $574/mo.