Reno vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Sioux Falls is 44% cheaper for renters. A 2-bedroom rents for $837/mo vs $1,208/mo in Reno — saving $4,452/year.
Rent by Unit Size
| Unit Size | Reno | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $773 | $544 | $229 |
| 1 Bedroom | $946 | $672 | $274 |
| 2 Bedrooms | $1,208 | $837 | $371 |
| 3 Bedrooms | $1,422 | $1,012 | $410 |
| 4 Bedrooms | $1,636 | $1,129 | $507 |
| Median Income | $59,858 | $55,443 | $4,415 |
Reno
- Studio
- $773/mo
- 1 BR
- $946/mo
- 2 BR
- $1,208/mo
- 3 BR
- $1,422/mo
- 4 BR
- $1,636/mo
- Median Income
- $59,858/yr
Sioux Falls
- Studio
- $544/mo
- 1 BR
- $672/mo
- 2 BR
- $837/mo
- 3 BR
- $1,012/mo
- 4 BR
- $1,129/mo
- Median Income
- $55,443/yr
Frequently Asked Questions
Is Reno or Sioux Falls cheaper to rent in?
Sioux Falls is cheaper — a 2-bedroom Fair Market Rent is $837/mo vs $1,208/mo in Reno. That's $371/mo or $4,452/year more expensive in Reno (44% higher).
What is the 2-bedroom rent in Reno vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in Reno is $1,208/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between Reno and Sioux Falls?
The median household income in Reno is $59,858/year. In Sioux Falls it is $55,443/year. Reno has the higher median income.
What is the studio rent in Reno vs Sioux Falls?
A studio apartment Fair Market Rent in Reno is $773/mo. In Sioux Falls it is $544/mo.