Rapid City vs Syracuse
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Syracuse is 2% cheaper for renters. A 2-bedroom rents for $820/mo vs $835/mo in Rapid City — saving $180/year.
Rent by Unit Size
| Unit Size | Rapid City | Syracuse | Difference |
|---|---|---|---|
| Studio | $574 | $546 | $28 |
| 1 Bedroom | $702 | $686 | $16 |
| 2 Bedrooms | $835 | $820 | $15 |
| 3 Bedrooms | $1,106 | $1,051 | $55 |
| 4 Bedrooms | $1,277 | $1,207 | $70 |
| Median Income | $44,904 | $42,142 | $2,762 |
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
Syracuse
- Studio
- $546/mo
- 1 BR
- $686/mo
- 2 BR
- $820/mo
- 3 BR
- $1,051/mo
- 4 BR
- $1,207/mo
- Median Income
- $42,142/yr
Frequently Asked Questions
Is Rapid City or Syracuse cheaper to rent in?
Syracuse is cheaper — a 2-bedroom Fair Market Rent is $820/mo vs $835/mo in Rapid City. That's $15/mo or $180/year more expensive in Rapid City (2% higher).
What is the 2-bedroom rent in Rapid City vs Syracuse?
The HUD Fair Market Rent for a 2-bedroom in Rapid City is $835/month. In Syracuse, a 2-bedroom FMR is $820/month.
How do incomes compare between Rapid City and Syracuse?
The median household income in Rapid City is $44,904/year. In Syracuse it is $42,142/year. Rapid City has the higher median income.
What is the studio rent in Rapid City vs Syracuse?
A studio apartment Fair Market Rent in Rapid City is $574/mo. In Syracuse it is $546/mo.