Average Rent Prices in South Dakota (SD)
$7451
Studio
$8481
1BR
$1,0721
2BR
$1,4161
3BR
$1,6821
4BR
As of 2025, the overall average fair market rent for a residential rental property in South Dakota is $1,153. Average rent prices in South Dakota sit below the national average rent of $1,274, in which South Dakota ranks as the 18th lowest rent among all 50 states and the 33rd 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
33rd
Highest Rent Among 50 States
18th
Lowest Rent Among 50 States
Below
The 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 | Meade County, SD HUD Metro FMR Area | 751 | 835 | 1.095 | 1.506 | 1.839 |
| 2 | Rapid City, SD HUD Metro FMR Area | 767 | 856 | 1.119 | 1.490 | 1.777 |
| 3 | Sioux City, IA-NE-SD MSA | 715 | 818 | 1.043 | 1.257 | 1.383 |
| 4 | Sioux Falls, SD MSA | 748 | 882 | 1.030 | 1.412 | 1.730 |
| 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 2025.
Average Rent Prices in Other US States 2025
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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South Dakota (SD) 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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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.