Rapid City vs Salt Lake City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 35% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,127/mo in Salt Lake City — saving $3,504/year.
Rent by Unit Size
| Unit Size | Rapid City | Salt Lake City | Difference |
|---|---|---|---|
| Studio | $574 | $754 | $180 |
| 1 Bedroom | $702 | $912 | $210 |
| 2 Bedrooms | $835 | $1,127 | $292 |
| 3 Bedrooms | $1,106 | $1,352 | $246 |
| 4 Bedrooms | $1,277 | $1,632 | $355 |
| Median Income | $44,904 | $77,224 | $32,320 |
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
Salt Lake City
- Studio
- $754/mo
- 1 BR
- $912/mo
- 2 BR
- $1,127/mo
- 3 BR
- $1,352/mo
- 4 BR
- $1,632/mo
- Median Income
- $77,224/yr
Frequently Asked Questions
Is Rapid City or Salt Lake City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,127/mo in Salt Lake City. That's $292/mo or $3,504/year more expensive in Salt Lake City (35% higher).
What is the 2-bedroom rent in Rapid City vs Salt Lake City?
The HUD Fair Market Rent for a 2-bedroom in Rapid City is $835/month. In Salt Lake City, a 2-bedroom FMR is $1,127/month.
How do incomes compare between Rapid City and Salt Lake City?
The median household income in Rapid City is $44,904/year. In Salt Lake City it is $77,224/year. Salt Lake City has the higher median income.
What is the studio rent in Rapid City vs Salt Lake City?
A studio apartment Fair Market Rent in Rapid City is $574/mo. In Salt Lake City it is $754/mo.