Salt Lake City vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Sioux Falls is 35% cheaper for renters. A 2-bedroom rents for $837/mo vs $1,127/mo in Salt Lake City — saving $3,480/year.
Rent by Unit Size
| Unit Size | Salt Lake City | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $754 | $544 | $210 |
| 1 Bedroom | $912 | $672 | $240 |
| 2 Bedrooms | $1,127 | $837 | $290 |
| 3 Bedrooms | $1,352 | $1,012 | $340 |
| 4 Bedrooms | $1,632 | $1,129 | $503 |
| Median Income | $77,224 | $55,443 | $21,781 |
Salt Lake City
- Studio
- $754/mo
- 1 BR
- $912/mo
- 2 BR
- $1,127/mo
- 3 BR
- $1,352/mo
- 4 BR
- $1,632/mo
- Median Income
- $77,224/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 Salt Lake City or Sioux Falls cheaper to rent in?
Sioux Falls is cheaper — a 2-bedroom Fair Market Rent is $837/mo vs $1,127/mo in Salt Lake City. That's $290/mo or $3,480/year more expensive in Salt Lake City (35% higher).
What is the 2-bedroom rent in Salt Lake City vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in Salt Lake City is $1,127/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between Salt Lake City and Sioux Falls?
The median household income in Salt Lake City is $77,224/year. In Sioux Falls it is $55,443/year. Salt Lake City has the higher median income.
What is the studio rent in Salt Lake City vs Sioux Falls?
A studio apartment Fair Market Rent in Salt Lake City is $754/mo. In Sioux Falls it is $544/mo.