Rapid City vs Salem
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 36% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,137/mo in Salem — saving $3,624/year.
Rent by Unit Size
| Unit Size | Rapid City | Salem | Difference |
|---|---|---|---|
| Studio | $574 | $741 | $167 |
| 1 Bedroom | $702 | $913 | $211 |
| 2 Bedrooms | $835 | $1,137 | $302 |
| 3 Bedrooms | $1,106 | $1,411 | $305 |
| 4 Bedrooms | $1,277 | $1,615 | $338 |
| Median Income | $44,904 | $53,953 | $9,049 |
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
Salem
- Studio
- $741/mo
- 1 BR
- $913/mo
- 2 BR
- $1,137/mo
- 3 BR
- $1,411/mo
- 4 BR
- $1,615/mo
- Median Income
- $53,953/yr
Frequently Asked Questions
Is Rapid City or Salem cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,137/mo in Salem. That's $302/mo or $3,624/year more expensive in Salem (36% higher).
What is the 2-bedroom rent in Rapid City vs Salem?
The HUD Fair Market Rent for a 2-bedroom in Rapid City is $835/month. In Salem, a 2-bedroom FMR is $1,137/month.
How do incomes compare between Rapid City and Salem?
The median household income in Rapid City is $44,904/year. In Salem it is $53,953/year. Salem has the higher median income.
What is the studio rent in Rapid City vs Salem?
A studio apartment Fair Market Rent in Rapid City is $574/mo. In Salem it is $741/mo.