Rapid City vs Spokane-Spokane Valley
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 21% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,014/mo in Spokane-Spokane Valley — saving $2,148/year.
Rent by Unit Size
| Unit Size | Rapid City | Spokane-Spokane Valley | Difference |
|---|---|---|---|
| Studio | $574 | $695 | $121 |
| 1 Bedroom | $702 | $839 | $137 |
| 2 Bedrooms | $835 | $1,014 | $179 |
| 3 Bedrooms | $1,106 | $1,335 | $229 |
| 4 Bedrooms | $1,277 | $1,520 | $243 |
| Median Income | $44,904 | $60,901 | $15,997 |
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
Spokane-Spokane Valley
- Studio
- $695/mo
- 1 BR
- $839/mo
- 2 BR
- $1,014/mo
- 3 BR
- $1,335/mo
- 4 BR
- $1,520/mo
- Median Income
- $60,901/yr
Frequently Asked Questions
Is Rapid City or Spokane-Spokane Valley cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,014/mo in Spokane-Spokane Valley. That's $179/mo or $2,148/year more expensive in Spokane-Spokane Valley (21% higher).
What is the 2-bedroom rent in Rapid City vs Spokane-Spokane Valley?
The HUD Fair Market Rent for a 2-bedroom in Rapid City is $835/month. In Spokane-Spokane Valley, a 2-bedroom FMR is $1,014/month.
How do incomes compare between Rapid City and Spokane-Spokane Valley?
The median household income in Rapid City is $44,904/year. In Spokane-Spokane Valley it is $60,901/year. Spokane-Spokane Valley has the higher median income.
What is the studio rent in Rapid City vs Spokane-Spokane Valley?
A studio apartment Fair Market Rent in Rapid City is $574/mo. In Spokane-Spokane Valley it is $695/mo.