Rapid City vs Santa Fe
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 36% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,135/mo in Santa Fe — saving $3,600/year.
Rent by Unit Size
| Unit Size | Rapid City | Santa Fe | Difference |
|---|---|---|---|
| Studio | $574 | $754 | $180 |
| 1 Bedroom | $702 | $923 | $221 |
| 2 Bedrooms | $835 | $1,135 | $300 |
| 3 Bedrooms | $1,106 | $1,361 | $255 |
| 4 Bedrooms | $1,277 | $1,696 | $419 |
| Median Income | $44,904 | $59,153 | $14,249 |
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
Santa Fe
- Studio
- $754/mo
- 1 BR
- $923/mo
- 2 BR
- $1,135/mo
- 3 BR
- $1,361/mo
- 4 BR
- $1,696/mo
- Median Income
- $59,153/yr
Frequently Asked Questions
Is Rapid City or Santa Fe cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,135/mo in Santa Fe. That's $300/mo or $3,600/year more expensive in Santa Fe (36% higher).
What is the 2-bedroom rent in Rapid City vs Santa Fe?
The HUD Fair Market Rent for a 2-bedroom in Rapid City is $835/month. In Santa Fe, a 2-bedroom FMR is $1,135/month.
How do incomes compare between Rapid City and Santa Fe?
The median household income in Rapid City is $44,904/year. In Santa Fe it is $59,153/year. Santa Fe has the higher median income.
What is the studio rent in Rapid City vs Santa Fe?
A studio apartment Fair Market Rent in Rapid City is $574/mo. In Santa Fe it is $754/mo.