Average Rent Prices in South Dakota (SD)
$1,3211
Average
$8541
Studio
$9591
1BR
$1,2181
2BR
$1,6231
3BR
$1,9501
4BR
🪄 RentalRealEstate Quick Answer
South Dakota’s average fair market rent is $1,321/month, ranking 21st among US states lowest rent prices and 14.87% below the $1,551 national average. This page covers South Dakota’s statewide rent averages by bedroom count, metro-area rent comparisons, and rent context versus neighboring states and national benchmarks.
As of 2026, the overall average fair market rent for a residential rental property in South Dakota is $1,321. Average rent prices in South Dakota sit below the national average rent of $1,511, in which South Dakota ranks as the 21st lowest rent among all 50 states and the 30th highest rent among all 50 states within the United States. In South Dakota’s large metropolitan areas such as Sioux Falls, SD, the average rent prices tend to be higher, while alternative areas such as Rapid City, SD, can provide more affordable options.
South Dakota (SD) Rent Rankings
21st
Lowest Rent Among 50 States
30th
Highest Rent Among 50 States
Below
The National Rent Average
$231
Per Month Below National Rent Average
14.87%
Per Month Below National Rent Average
Average Rent Prices in South Dakota (SD) Visual Chart
Studio
A one-room unit with a private bathroom.
1BR
A unit that has a separate bathroom and a separate bedroom.
2BR
A unit that has two separate and distinct bedrooms.
3BR
A unit that has 3 separate and distinct bedrooms.
4BR
A unit that has 4 separate and distinct bedrooms.
Fair Market Rent
Gross rent estimate for a standard rental unit in a given market.
Average Rent Prices in South Dakota (SD) by Metro Area
| wdt_ID | Metro | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|---|
| 1 | Custer County, SD HUD Metro FMR Area | 809 | 894 | 1173 | 1631 | 1968 |
| 2 | Meade County, SD HUD Metro FMR Area | 878 | 970 | 1273 | 1770 | 2136 |
| 3 | Rapid City, SD HUD Metro FMR Area | 921 | 1018 | 1336 | 1743 | 2178 |
| 4 | Sioux City, IA-NE-SD MSA | 796 | 925 | 1154 | 1386 | 1528 |
| 5 | Sioux Falls, SD HUD Metro FMR Area | 865 | 986 | 1156 | 1586 | 1939 |
| Metro | Studio | 1BR | 2BR | 3BR | 4BR |
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2026.
Year-Over-Year Changes in South Dakota (SD) Rent Prices
14.57%
or
$168
Year-Over-Year Increase
$1,1531
2025 Average Historical Rent Price
$1,3211
2026 Average Current Rent Price
$1,5141
2027 Projected Average Rent Price
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2025, 2026, and estimated 2027 projection.
South Dakota (SD) Rental Real Estate Resources
South Dakota Rental Property Management
South Dakota rental property management focuses on handling tenant relations, property maintenance, and legal compliance to help property owners maximize their investment returns.
South Dakota Rental Property Insurance
South Dakota landlord insurance provides real estate investors with essential protection against financial losses caused by property damage, liability claims, loss of rental income, and other risks.
South Dakota Rental Property Loans
South Dakota rental property loans give investors access to financing for buying, refinancing, or upgrading properties in a state recognized for its low population density and scenic destinations.
South Dakota Rental Lease Agreements
Residential rental agreements in South Dakota outline the terms of the rental relationship, including rent, lease duration, and the obligations of both landlords and tenants.
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South Dakota (SD) Rent Price Calculators
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Average Rent Prices in Other US States 2026
Rent prices for each state across the United States can greatly vary. Click on a State below to see the specific fair market residential rent prices for that state:
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1Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout the United States, excluding Puerto Rico.
Methodology
Areas with insufficient inventory or populations less than 25,000 were excluded from this analysis. Averages are based on the combined average of 0-4 bedroom residential rental properties throughout the United States excluding Puerto Rico.
Data
Rent prices are based on aggregated data from one and/or several sources noted below:
Disclaimer
The information included is used for illustrative purposes only. The data contained herein does not constitute financial, legal, or any material advice. Data is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals before making any material decisions.