Rapid City vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 0% cheaper for renters. A 2-bedroom rents for $835/mo vs $837/mo in Sioux Falls — saving $24/year.
Rent by Unit Size
| Unit Size | Rapid City | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $574 | $544 | $30 |
| 1 Bedroom | $702 | $672 | $30 |
| 2 Bedrooms | $835 | $837 | $2 |
| 3 Bedrooms | $1,106 | $1,012 | $94 |
| 4 Bedrooms | $1,277 | $1,129 | $148 |
| Median Income | $44,904 | $55,443 | $10,539 |
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
Sioux Falls
- Studio
- $544/mo
- 1 BR
- $672/mo
- 2 BR
- $837/mo
- 3 BR
- $1,012/mo
- 4 BR
- $1,129/mo
- Median Income
- $55,443/yr
Frequently Asked Questions
Is Rapid City or Sioux Falls cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $837/mo in Sioux Falls. That's $2/mo or $24/year more expensive in Sioux Falls (0% higher).
What is the 2-bedroom rent in Rapid City vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in Rapid City is $835/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between Rapid City and Sioux Falls?
The median household income in Rapid City is $44,904/year. In Sioux Falls it is $55,443/year. Sioux Falls has the higher median income.
What is the studio rent in Rapid City vs Sioux Falls?
A studio apartment Fair Market Rent in Rapid City is $574/mo. In Sioux Falls it is $544/mo.