Santa Fe vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Sioux Falls is 36% cheaper for renters. A 2-bedroom rents for $837/mo vs $1,135/mo in Santa Fe — saving $3,576/year.
Rent by Unit Size
| Unit Size | Santa Fe | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $754 | $544 | $210 |
| 1 Bedroom | $923 | $672 | $251 |
| 2 Bedrooms | $1,135 | $837 | $298 |
| 3 Bedrooms | $1,361 | $1,012 | $349 |
| 4 Bedrooms | $1,696 | $1,129 | $567 |
| Median Income | $59,153 | $55,443 | $3,710 |
Santa Fe
- Studio
- $754/mo
- 1 BR
- $923/mo
- 2 BR
- $1,135/mo
- 3 BR
- $1,361/mo
- 4 BR
- $1,696/mo
- Median Income
- $59,153/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 Santa Fe or Sioux Falls cheaper to rent in?
Sioux Falls is cheaper — a 2-bedroom Fair Market Rent is $837/mo vs $1,135/mo in Santa Fe. That's $298/mo or $3,576/year more expensive in Santa Fe (36% higher).
What is the 2-bedroom rent in Santa Fe vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in Santa Fe is $1,135/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between Santa Fe and Sioux Falls?
The median household income in Santa Fe is $59,153/year. In Sioux Falls it is $55,443/year. Santa Fe has the higher median income.
What is the studio rent in Santa Fe vs Sioux Falls?
A studio apartment Fair Market Rent in Santa Fe is $754/mo. In Sioux Falls it is $544/mo.