Racine vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Racine is 5% cheaper for renters. A 2-bedroom rents for $794/mo vs $835/mo in Rapid City — saving $492/year.
Rent by Unit Size
| Unit Size | Racine | Rapid City | Difference |
|---|---|---|---|
| Studio | $508 | $574 | $66 |
| 1 Bedroom | $641 | $702 | $61 |
| 2 Bedrooms | $794 | $835 | $41 |
| 3 Bedrooms | $1,002 | $1,106 | $104 |
| 4 Bedrooms | $1,141 | $1,277 | $136 |
| Median Income | $42,267 | $44,904 | $2,637 |
Racine
- Studio
- $508/mo
- 1 BR
- $641/mo
- 2 BR
- $794/mo
- 3 BR
- $1,002/mo
- 4 BR
- $1,141/mo
- Median Income
- $42,267/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 Racine or Rapid City cheaper to rent in?
Racine is cheaper — a 2-bedroom Fair Market Rent is $794/mo vs $835/mo in Rapid City. That's $41/mo or $492/year more expensive in Rapid City (5% higher).
What is the 2-bedroom rent in Racine vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Racine is $794/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Racine and Rapid City?
The median household income in Racine is $42,267/year. In Rapid City it is $44,904/year. Rapid City has the higher median income.
What is the studio rent in Racine vs Rapid City?
A studio apartment Fair Market Rent in Racine is $508/mo. In Rapid City it is $574/mo.