Rapid City vs Winston-Salem
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Winston-Salem is 3% cheaper for renters. A 2-bedroom rents for $807/mo vs $835/mo in Rapid City — saving $336/year.
Rent by Unit Size
| Unit Size | Rapid City | Winston-Salem | Difference |
|---|---|---|---|
| Studio | $574 | $531 | $43 |
| 1 Bedroom | $702 | $652 | $50 |
| 2 Bedrooms | $835 | $807 | $28 |
| 3 Bedrooms | $1,106 | $1,030 | $76 |
| 4 Bedrooms | $1,277 | $1,189 | $88 |
| Median Income | $44,904 | $47,140 | $2,236 |
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
Winston-Salem
- Studio
- $531/mo
- 1 BR
- $652/mo
- 2 BR
- $807/mo
- 3 BR
- $1,030/mo
- 4 BR
- $1,189/mo
- Median Income
- $47,140/yr
Frequently Asked Questions
Is Rapid City or Winston-Salem cheaper to rent in?
Winston-Salem is cheaper — a 2-bedroom Fair Market Rent is $807/mo vs $835/mo in Rapid City. That's $28/mo or $336/year more expensive in Rapid City (3% higher).
What is the 2-bedroom rent in Rapid City vs Winston-Salem?
The HUD Fair Market Rent for a 2-bedroom in Rapid City is $835/month. In Winston-Salem, a 2-bedroom FMR is $807/month.
How do incomes compare between Rapid City and Winston-Salem?
The median household income in Rapid City is $44,904/year. In Winston-Salem it is $47,140/year. Winston-Salem has the higher median income.
What is the studio rent in Rapid City vs Winston-Salem?
A studio apartment Fair Market Rent in Rapid City is $574/mo. In Winston-Salem it is $531/mo.