Rapid City vs Terre Haute
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Terre Haute is 24% cheaper for renters. A 2-bedroom rents for $676/mo vs $835/mo in Rapid City — saving $1,908/year.
Rent by Unit Size
| Unit Size | Rapid City | Terre Haute | Difference |
|---|---|---|---|
| Studio | $574 | $419 | $155 |
| 1 Bedroom | $702 | $537 | $165 |
| 2 Bedrooms | $835 | $676 | $159 |
| 3 Bedrooms | $1,106 | $806 | $300 |
| 4 Bedrooms | $1,277 | $964 | $313 |
| Median Income | $44,904 | $40,500 | $4,404 |
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
Terre Haute
- Studio
- $419/mo
- 1 BR
- $537/mo
- 2 BR
- $676/mo
- 3 BR
- $806/mo
- 4 BR
- $964/mo
- Median Income
- $40,500/yr
Frequently Asked Questions
Is Rapid City or Terre Haute cheaper to rent in?
Terre Haute is cheaper — a 2-bedroom Fair Market Rent is $676/mo vs $835/mo in Rapid City. That's $159/mo or $1,908/year more expensive in Rapid City (24% higher).
What is the 2-bedroom rent in Rapid City vs Terre Haute?
The HUD Fair Market Rent for a 2-bedroom in Rapid City is $835/month. In Terre Haute, a 2-bedroom FMR is $676/month.
How do incomes compare between Rapid City and Terre Haute?
The median household income in Rapid City is $44,904/year. In Terre Haute it is $40,500/year. Rapid City has the higher median income.
What is the studio rent in Rapid City vs Terre Haute?
A studio apartment Fair Market Rent in Rapid City is $574/mo. In Terre Haute it is $419/mo.