Rapid City vs Roanoke
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Roanoke is 4% cheaper for renters. A 2-bedroom rents for $803/mo vs $835/mo in Rapid City — saving $384/year.
Rent by Unit Size
| Unit Size | Rapid City | Roanoke | Difference |
|---|---|---|---|
| Studio | $574 | $518 | $56 |
| 1 Bedroom | $702 | $643 | $59 |
| 2 Bedrooms | $835 | $803 | $32 |
| 3 Bedrooms | $1,106 | $980 | $126 |
| 4 Bedrooms | $1,277 | $1,168 | $109 |
| Median Income | $44,904 | $51,099 | $6,195 |
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
Roanoke
- Studio
- $518/mo
- 1 BR
- $643/mo
- 2 BR
- $803/mo
- 3 BR
- $980/mo
- 4 BR
- $1,168/mo
- Median Income
- $51,099/yr
Frequently Asked Questions
Is Rapid City or Roanoke cheaper to rent in?
Roanoke is cheaper — a 2-bedroom Fair Market Rent is $803/mo vs $835/mo in Rapid City. That's $32/mo or $384/year more expensive in Rapid City (4% higher).
What is the 2-bedroom rent in Rapid City vs Roanoke?
The HUD Fair Market Rent for a 2-bedroom in Rapid City is $835/month. In Roanoke, a 2-bedroom FMR is $803/month.
How do incomes compare between Rapid City and Roanoke?
The median household income in Rapid City is $44,904/year. In Roanoke it is $51,099/year. Roanoke has the higher median income.
What is the studio rent in Rapid City vs Roanoke?
A studio apartment Fair Market Rent in Rapid City is $574/mo. In Roanoke it is $518/mo.