Rapid City vs Toledo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Toledo is 9% cheaper for renters. A 2-bedroom rents for $769/mo vs $835/mo in Rapid City — saving $792/year.
Rent by Unit Size
| Unit Size | Rapid City | Toledo | Difference |
|---|---|---|---|
| Studio | $574 | $521 | $53 |
| 1 Bedroom | $702 | $622 | $80 |
| 2 Bedrooms | $835 | $769 | $66 |
| 3 Bedrooms | $1,106 | $990 | $116 |
| 4 Bedrooms | $1,277 | $1,150 | $127 |
| Median Income | $44,904 | $44,170 | $734 |
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
Toledo
- Studio
- $521/mo
- 1 BR
- $622/mo
- 2 BR
- $769/mo
- 3 BR
- $990/mo
- 4 BR
- $1,150/mo
- Median Income
- $44,170/yr
Frequently Asked Questions
Is Rapid City or Toledo cheaper to rent in?
Toledo is cheaper — a 2-bedroom Fair Market Rent is $769/mo vs $835/mo in Rapid City. That's $66/mo or $792/year more expensive in Rapid City (9% higher).
What is the 2-bedroom rent in Rapid City vs Toledo?
The HUD Fair Market Rent for a 2-bedroom in Rapid City is $835/month. In Toledo, a 2-bedroom FMR is $769/month.
How do incomes compare between Rapid City and Toledo?
The median household income in Rapid City is $44,904/year. In Toledo it is $44,170/year. Rapid City has the higher median income.
What is the studio rent in Rapid City vs Toledo?
A studio apartment Fair Market Rent in Rapid City is $574/mo. In Toledo it is $521/mo.