Sioux Falls vs Springfield
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Springfield is 16% cheaper for renters. A 2-bedroom rents for $720/mo vs $837/mo in Sioux Falls — saving $1,404/year.
Rent by Unit Size
| Unit Size | Sioux Falls | Springfield | Difference |
|---|---|---|---|
| Studio | $544 | $490 | $54 |
| 1 Bedroom | $672 | $583 | $89 |
| 2 Bedrooms | $837 | $720 | $117 |
| 3 Bedrooms | $1,012 | $925 | $87 |
| 4 Bedrooms | $1,129 | $987 | $142 |
| Median Income | $55,443 | $37,539 | $17,904 |
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
Springfield
- Studio
- $490/mo
- 1 BR
- $583/mo
- 2 BR
- $720/mo
- 3 BR
- $925/mo
- 4 BR
- $987/mo
- Median Income
- $37,539/yr
Frequently Asked Questions
Is Sioux Falls or Springfield cheaper to rent in?
Springfield is cheaper — a 2-bedroom Fair Market Rent is $720/mo vs $837/mo in Sioux Falls. That's $117/mo or $1,404/year more expensive in Sioux Falls (16% higher).
What is the 2-bedroom rent in Sioux Falls vs Springfield?
The HUD Fair Market Rent for a 2-bedroom in Sioux Falls is $837/month. In Springfield, a 2-bedroom FMR is $720/month.
How do incomes compare between Sioux Falls and Springfield?
The median household income in Sioux Falls is $55,443/year. In Springfield it is $37,539/year. Sioux Falls has the higher median income.
What is the studio rent in Sioux Falls vs Springfield?
A studio apartment Fair Market Rent in Sioux Falls is $544/mo. In Springfield it is $490/mo.