Rapid City vs San Luis Obispo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 94% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,623/mo in San Luis Obispo — saving $9,456/year.
Rent by Unit Size
| Unit Size | Rapid City | San Luis Obispo | Difference |
|---|---|---|---|
| Studio | $574 | $1,065 | $491 |
| 1 Bedroom | $702 | $1,360 | $658 |
| 2 Bedrooms | $835 | $1,623 | $788 |
| 3 Bedrooms | $1,106 | $2,039 | $933 |
| 4 Bedrooms | $1,277 | $2,372 | $1,095 |
| Median Income | $44,904 | $94,761 | $49,857 |
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
San Luis Obispo
- Studio
- $1,065/mo
- 1 BR
- $1,360/mo
- 2 BR
- $1,623/mo
- 3 BR
- $2,039/mo
- 4 BR
- $2,372/mo
- Median Income
- $94,761/yr
Frequently Asked Questions
Is Rapid City or San Luis Obispo cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,623/mo in San Luis Obispo. That's $788/mo or $9,456/year more expensive in San Luis Obispo (94% higher).
What is the 2-bedroom rent in Rapid City vs San Luis Obispo?
The HUD Fair Market Rent for a 2-bedroom in Rapid City is $835/month. In San Luis Obispo, a 2-bedroom FMR is $1,623/month.
How do incomes compare between Rapid City and San Luis Obispo?
The median household income in Rapid City is $44,904/year. In San Luis Obispo it is $94,761/year. San Luis Obispo has the higher median income.
What is the studio rent in Rapid City vs San Luis Obispo?
A studio apartment Fair Market Rent in Rapid City is $574/mo. In San Luis Obispo it is $1,065/mo.