At $960/mo, rent takes about 20% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $960 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: September 25, 2026
What the numbers show
30% of the median household income ($58,620) is $1,466 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,460).
From Zillow's monthly rent index (ZORI) for Mitchell. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Mitchell, SD is majority owner-occupied, has a large retiree population, has a median income below the national average, 23.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Mitchell, SD has changed in 5 years
Census figures show median household income at $58,620 today, compared with $48,164 five years earlier. Renters now make up 43.4% of households, compared with 40.7% five years ago.
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Can you afford rent in Mitchell on your salary?
At $960/mo, how Mitchell rent compares to typical pay (30% rule).
Mitchell rent by bedroom count
Median rent for each apartment size in Mitchell. Click any size for full breakdown.
Tips for renters in Mitchell
Last updated: September 25, 2026
The median rent in Mitchell is $960/mo as of September 2026. A studio apartment averages $600/mo while a 2-bedroom runs $870/mo. One-bedroom apartments average $730/mo and 3-bedroom units go for $1,220/mo.
At 20% of local median household income ($58,620/yr), Mitchell ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
How much income do you need to rent in Mitchell?
Is rent going up or down in Mitchell?
How does Mitchell rent compare to other cities in South Dakota?
Which nearby cities are cheaper to rent in than Mitchell?
At $960/mo, rent takes ~20% of Mitchell's median household income ($58,620/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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