Rapid City vs Springfield
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Springfield is 16% cheaper for renters. A 2-bedroom rents for $720/mo vs $835/mo in Rapid City — saving $1,380/year.
Rent by Unit Size
| Unit Size | Rapid City | Springfield | Difference |
|---|---|---|---|
| Studio | $574 | $490 | $84 |
| 1 Bedroom | $702 | $583 | $119 |
| 2 Bedrooms | $835 | $720 | $115 |
| 3 Bedrooms | $1,106 | $925 | $181 |
| 4 Bedrooms | $1,277 | $987 | $290 |
| Median Income | $44,904 | $37,539 | $7,365 |
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
Springfield
- Studio
- $490/mo
- 1 BR
- $583/mo
- 2 BR
- $720/mo
- 3 BR
- $925/mo
- 4 BR
- $987/mo
- Median Income
- $37,539/yr
Frequently Asked Questions
Is Rapid City or Springfield cheaper to rent in?
Springfield is cheaper — a 2-bedroom Fair Market Rent is $720/mo vs $835/mo in Rapid City. That's $115/mo or $1,380/year more expensive in Rapid City (16% higher).
What is the 2-bedroom rent in Rapid City vs Springfield?
The HUD Fair Market Rent for a 2-bedroom in Rapid City is $835/month. In Springfield, a 2-bedroom FMR is $720/month.
How do incomes compare between Rapid City and Springfield?
The median household income in Rapid City is $44,904/year. In Springfield it is $37,539/year. Rapid City has the higher median income.
What is the studio rent in Rapid City vs Springfield?
A studio apartment Fair Market Rent in Rapid City is $574/mo. In Springfield it is $490/mo.