Sioux Falls vs Toledo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Toledo is 9% cheaper for renters. A 2-bedroom rents for $769/mo vs $837/mo in Sioux Falls — saving $816/year.
Rent by Unit Size
| Unit Size | Sioux Falls | Toledo | Difference |
|---|---|---|---|
| Studio | $544 | $521 | $23 |
| 1 Bedroom | $672 | $622 | $50 |
| 2 Bedrooms | $837 | $769 | $68 |
| 3 Bedrooms | $1,012 | $990 | $22 |
| 4 Bedrooms | $1,129 | $1,150 | $21 |
| Median Income | $55,443 | $44,170 | $11,273 |
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
Toledo
- Studio
- $521/mo
- 1 BR
- $622/mo
- 2 BR
- $769/mo
- 3 BR
- $990/mo
- 4 BR
- $1,150/mo
- Median Income
- $44,170/yr
Frequently Asked Questions
Is Sioux Falls or Toledo cheaper to rent in?
Toledo is cheaper — a 2-bedroom Fair Market Rent is $769/mo vs $837/mo in Sioux Falls. That's $68/mo or $816/year more expensive in Sioux Falls (9% higher).
What is the 2-bedroom rent in Sioux Falls vs Toledo?
The HUD Fair Market Rent for a 2-bedroom in Sioux Falls is $837/month. In Toledo, a 2-bedroom FMR is $769/month.
How do incomes compare between Sioux Falls and Toledo?
The median household income in Sioux Falls is $55,443/year. In Toledo it is $44,170/year. Sioux Falls has the higher median income.
What is the studio rent in Sioux Falls vs Toledo?
A studio apartment Fair Market Rent in Sioux Falls is $544/mo. In Toledo it is $521/mo.