South Dakota (SD) Average Rent Prices 2024

Average Rent Prices in South Dakota (SD)











South Dakota (SD) Rent Prices

As of 2024, the overall average fair market rent for a residential rental property in South Dakota is $1,173. 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


Highest Rent Among 50 States


Lowest Rent Among 50 States


The National Rent Average

Average Rent Prices in South Dakota (SD) Visual Chart


A one-room unit with a private bathroom.


A unit that has a separate bathroom and a separate bedroom.


A unit that has two separate and distinct bedrooms.


A unit that has 3 separate and distinct bedrooms.


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 784 880 1.156 1.546 1.962
2 Rapid City, SD HUD Metro FMR Area 788 886 1.163 1.592 1.781
3 Sioux City, IA-NE-SD MSA 685 780 1.010 1.228 1.345
4 Sioux Falls, SD MSA 769 884 1.042 1.417 1.768
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 2024.

South Dakota (SD) Residential Rental Agreements

An South Dakota (SD) residential lease agreement is a rental property document that includes the terms and conditions between a landlord who rents the property and the tenant in the state of South Dakota. The contract outlines essential information, such as rent amount, applicable late fees, grace periods, and landlord-tenant responsibilities.

Average Rent Prices in Other US States 2024

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:

The Ultimate Guide to Rent Payments

Rental Property Rent Payments

Rent payments are the financial lifeblood for rental properties, but require fair and competitive pricing and effective collections.

The Ultimate Guide to Security Deposits

Rental Property Security Deposits

Security deposits play a key role in risk mitigation against potential tenant-related damages or contractual breaches.

The Ultimate Guide to Rental Utilities

Rental Property Utilities

Rental property utilities whether they are included or not, represent a significant consideration for both landlords and tenants.

Average Rent in the United States

Average Rent in the United States

Average rent prices across the United States provide excellent insights into highs, lows, and emerging market trends.

Cheapest Rent in the United States

The cheapest rent in the U.S. is an appealing topic for thrifty tenants and investors seeking lower price point properties.

Most Expensive Rent in the United States

It’s no secret that rents have been continually on the rise, but where are rents really the highest in the United States?

Rental Property Calculators

Our rental property calculators help you easily calculate common metrics such as rent increases, late fees, and more. Click on a calculator or button below to start using them for free – no sign up required.

1Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout the United States, excluding Puerto Rico.


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.


Rent prices are based on aggregated data from one and/or several sources noted below:


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.

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