Rapid City vs Reno
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 45% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,208/mo in Reno — saving $4,476/year.
Rent by Unit Size
| Unit Size | Rapid City | Reno | Difference |
|---|---|---|---|
| Studio | $574 | $773 | $199 |
| 1 Bedroom | $702 | $946 | $244 |
| 2 Bedrooms | $835 | $1,208 | $373 |
| 3 Bedrooms | $1,106 | $1,422 | $316 |
| 4 Bedrooms | $1,277 | $1,636 | $359 |
| Median Income | $44,904 | $59,858 | $14,954 |
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
Reno
- Studio
- $773/mo
- 1 BR
- $946/mo
- 2 BR
- $1,208/mo
- 3 BR
- $1,422/mo
- 4 BR
- $1,636/mo
- Median Income
- $59,858/yr
Frequently Asked Questions
Is Rapid City or Reno cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,208/mo in Reno. That's $373/mo or $4,476/year more expensive in Reno (45% higher).
What is the 2-bedroom rent in Rapid City vs Reno?
The HUD Fair Market Rent for a 2-bedroom in Rapid City is $835/month. In Reno, a 2-bedroom FMR is $1,208/month.
How do incomes compare between Rapid City and Reno?
The median household income in Rapid City is $44,904/year. In Reno it is $59,858/year. Reno has the higher median income.
What is the studio rent in Rapid City vs Reno?
A studio apartment Fair Market Rent in Rapid City is $574/mo. In Reno it is $773/mo.