Raleigh-Cary vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 31% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,097/mo in Raleigh-Cary — saving $3,144/year.
Rent by Unit Size
| Unit Size | Raleigh-Cary | Rapid City | Difference |
|---|---|---|---|
| Studio | $760 | $574 | $186 |
| 1 Bedroom | $928 | $702 | $226 |
| 2 Bedrooms | $1,097 | $835 | $262 |
| 3 Bedrooms | $1,435 | $1,106 | $329 |
| 4 Bedrooms | $1,556 | $1,277 | $279 |
| Median Income | $70,678 | $44,904 | $25,774 |
Raleigh-Cary
- Studio
- $760/mo
- 1 BR
- $928/mo
- 2 BR
- $1,097/mo
- 3 BR
- $1,435/mo
- 4 BR
- $1,556/mo
- Median Income
- $70,678/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 Raleigh-Cary or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,097/mo in Raleigh-Cary. That's $262/mo or $3,144/year more expensive in Raleigh-Cary (31% higher).
What is the 2-bedroom rent in Raleigh-Cary vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Raleigh-Cary is $1,097/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Raleigh-Cary and Rapid City?
The median household income in Raleigh-Cary is $70,678/year. In Rapid City it is $44,904/year. Raleigh-Cary has the higher median income.
What is the studio rent in Raleigh-Cary vs Rapid City?
A studio apartment Fair Market Rent in Raleigh-Cary is $760/mo. In Rapid City it is $574/mo.