Rapid City vs Wilmington
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 23% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,024/mo in Wilmington — saving $2,268/year.
Rent by Unit Size
| Unit Size | Rapid City | Wilmington | Difference |
|---|---|---|---|
| Studio | $574 | $656 | $82 |
| 1 Bedroom | $702 | $838 | $136 |
| 2 Bedrooms | $835 | $1,024 | $189 |
| 3 Bedrooms | $1,106 | $1,314 | $208 |
| 4 Bedrooms | $1,277 | $1,459 | $182 |
| Median Income | $44,904 | $52,995 | $8,091 |
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
Wilmington
- Studio
- $656/mo
- 1 BR
- $838/mo
- 2 BR
- $1,024/mo
- 3 BR
- $1,314/mo
- 4 BR
- $1,459/mo
- Median Income
- $52,995/yr
Frequently Asked Questions
Is Rapid City or Wilmington cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,024/mo in Wilmington. That's $189/mo or $2,268/year more expensive in Wilmington (23% higher).
What is the 2-bedroom rent in Rapid City vs Wilmington?
The HUD Fair Market Rent for a 2-bedroom in Rapid City is $835/month. In Wilmington, a 2-bedroom FMR is $1,024/month.
How do incomes compare between Rapid City and Wilmington?
The median household income in Rapid City is $44,904/year. In Wilmington it is $52,995/year. Wilmington has the higher median income.
What is the studio rent in Rapid City vs Wilmington?
A studio apartment Fair Market Rent in Rapid City is $574/mo. In Wilmington it is $656/mo.