Average Rent in South Dakota: $1,200/mo (2026)
Find fair market rent prices for 1 major metro area in South Dakota. The average 2-bedroom rent across the state is $1,200/mo.
Major Cities in South Dakota
Sorted by 2-bedroom rent price (highest to lowest)
Explore South Dakota Rent Data
Browse detailed rent prices for cities across South Dakota. Each city page includes neighborhood breakdowns, rent trends, and local market insights.
South Dakota Rental Market Overview
The fair market rent (FMR) data for South Dakota is published annually by the U.S. Department of Housing and Urban Development (HUD). These figures represent the 40th percentile of gross rents for standard quality rental housing in each metro area.
South Dakota has 1 major metropolitan area tracked in our database. The most expensive city for renters is Rapid City, SD with an average 2-bedroom rent of $1,200/mo.
What Affects Rent Prices in South Dakota?
- Location: Proximity to employment centers and urban amenities significantly impacts rent prices across South Dakota metros.
- Local Economy: Job growth and industry presence drive rental demand. Strong employment markets typically have higher rents.
- Housing Supply: Areas with new construction tend to have more rental options and potentially competitive pricing.
- Schools: Quality school districts command premium rents, especially for family-sized apartments.
- Transportation: Access to highways and public transit affects neighborhood desirability and pricing.
Frequently Asked Questions About South Dakota Rent
What is the average rent in South Dakota?
The average rent in South Dakota is $1,200 per month for a 2-bedroom apartment based on 2026 HUD Fair Market Rent data. Prices range from $1,200 in Rapid City to $1,200 in Rapid City.
What is the cheapest city to rent in South Dakota?
Rapid City, SD offers the most affordable rent among major South Dakota metros at $1,200/month for a 2-bedroom apartment. Studios in Rapid City average $850/month.
What is the most expensive city to rent in South Dakota?
Rapid City, SD has the highest rents in South Dakota at $1,200/month for a 2-bedroom apartment. This is $0 above the state average.
How much do I need to earn to rent in South Dakota?
To comfortably afford the average South Dakota 2-bedroom at $1,200/month, you would need an annual income of approximately $48,000 (based on the 30% of income guideline). For the most affordable areas, you would need about $48,000/year.
Is South Dakota affordable for renters?
Yes, South Dakota is generally affordable for renters compared to national averages. With average 2-bedroom rents at $1,200/month, the state offers good value for many budget-conscious renters.