Rapid City vs Twin Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Twin Falls is 7% cheaper for renters. A 2-bedroom rents for $779/mo vs $835/mo in Rapid City — saving $672/year.
Rent by Unit Size
| Unit Size | Rapid City | Twin Falls | Difference |
|---|---|---|---|
| Studio | $574 | $499 | $75 |
| 1 Bedroom | $702 | $637 | $65 |
| 2 Bedrooms | $835 | $779 | $56 |
| 3 Bedrooms | $1,106 | $969 | $137 |
| 4 Bedrooms | $1,277 | $1,077 | $200 |
| Median Income | $44,904 | $48,297 | $3,393 |
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
Twin Falls
- Studio
- $499/mo
- 1 BR
- $637/mo
- 2 BR
- $779/mo
- 3 BR
- $969/mo
- 4 BR
- $1,077/mo
- Median Income
- $48,297/yr
Frequently Asked Questions
Is Rapid City or Twin Falls cheaper to rent in?
Twin Falls is cheaper — a 2-bedroom Fair Market Rent is $779/mo vs $835/mo in Rapid City. That's $56/mo or $672/year more expensive in Rapid City (7% higher).
What is the 2-bedroom rent in Rapid City vs Twin Falls?
The HUD Fair Market Rent for a 2-bedroom in Rapid City is $835/month. In Twin Falls, a 2-bedroom FMR is $779/month.
How do incomes compare between Rapid City and Twin Falls?
The median household income in Rapid City is $44,904/year. In Twin Falls it is $48,297/year. Twin Falls has the higher median income.
What is the studio rent in Rapid City vs Twin Falls?
A studio apartment Fair Market Rent in Rapid City is $574/mo. In Twin Falls it is $499/mo.