How much does it cost to rent in Sioux Falls, SD?

As of July 2026, the median monthly rent in Sioux Falls, SD is $1,327. This figure is based on aggregated data from public sources and community-submitted rents.

Is Sioux Falls cheaper than other South Dakota cities?

Sioux Falls is one of the pricier cities in South Dakota, ranking #3 out of 8 cities tracked at $1,327/mo.

When was Sioux Falls rent data last updated?

Sioux Falls rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · SD

Sioux Falls

Name: Average Rent Prices in Sioux Falls, SD
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 201,469·3rd most expensive in South Dakota·Sioux Falls rents are up 7.5% over the past year

Median rent (all units)

$1,327/mo

Year-over-Year

+7.5%

Month-over-Month

+0.3%

vs US Median

-$638

Stable (Monthly)

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Most AffordableMost Expensive

Sioux Falls · $1,327

More affordable than 86% of US cities · National median $1,965/mo

Rent Reality Score

56/100

Fairly priced

OverheatedFairGreat value

Rents are 3% below what Sioux Falls's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$1,327/mo

Expected by trend

$1,367/mo

The Rent Reality Score compares today's median rent to where Sioux Falls's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$781

1 BR

$919

2 BR

$1,073

3 BR

$1,467

4 BR+

$1,806

Research median

$1,073/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$15,924/yr

At $1,327/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 7.5% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+7.5% YoY, +0.3% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Sioux Falls, SD is majority owner-occupied, 38.1% of residents hold a bachelor's degree or higher.

Population

201,469

Median income

$75,970

Median age

35.5

Renters

40.5%

Age distribution

24.4%

24.9%

25.3%

14.1%

Under 1824.4%

18–3424.9%

35–5425.3%

55–6411.4%

65+14.1%

Gender

50.5%

49.5%

Male50.5%

Female49.5%

Race & ethnicity

79.1%

White79.1%

Black6.9%

Hispanic6.5%

Asian2.1%

Other5.4%

Education (25+)

24.4%

30.4%

38.1%

No HS diploma7.1%

HS diploma24.4%

Some college30.4%

Bachelor's+38.1%

Housing tenure

59.5%

40.5%

Owner59.5%

Renter40.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Sioux Falls, SD has changed in 5 years

Rent

$1,005 → $1,327

up 32.0%

Income

$66,761 → $75,970

up 13.8%

Population

189,258 → 201,469

up 6.5%

Renter share

39.7% → 40.5%

+0.8 pts

Bachelor's+

36% → 38.1%

+2.1 pts

Median age

34.5 → 35.5

+1.0 yrs

Rent in Sioux Falls, SD has increased 32.0% since 2021, going from about $1,005 per month to roughly $1,327 today. Local incomes tracked alongside that move, going from a median of $66,761 in 2021 to $75,970 more recently. Rent outpaced income growth by roughly 18.2 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 189,258 to 201,469 between 2021 and 2024, a 6.5% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 36% to 38.1%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Sioux Falls, SD market of 2021.

Community

Discussions about Sioux Falls

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View Sioux Falls rent history (2015–2026) →

Salary vs rent

Can you afford rent in Sioux Falls on your salary?

At $1,327/mo, how Sioux Falls rent compares to typical pay (30% rule).

Registered Nurse

Avg $83,142/yr · Rent = 19.2% income

very comfortable

Elementary School Teacher

Avg $59,030/yr · Rent = 27% income

affordable

Police Officer

Avg $67,998/yr · Rent = 23.4% income

affordable

Software Developer

Avg $121,537/yr · Rent = 13.1% income

very comfortable

Lawyer

Avg $155,294/yr · Rent = 10.3% income

very comfortable

Firefighter

Avg $55,273/yr · Rent = 28.8% income

affordable

Truck Driver

Avg $49,905/yr · Rent = 31.9% income

stretched

Electrician

Avg $61,512/yr · Rent = 25.9% income

affordable

By apartment size

Sioux Falls rent by bedroom count

Median rent for each apartment size in Sioux Falls. Click any size for full breakdown.

Local insights

Tips for renters in Sioux Falls

About renting in Sioux Falls, SD

Last updated: July 20, 2026

The median rent in Sioux Falls is $1,327/mo as of July 2026. A studio apartment averages $781/mo while a 2-bedroom runs $1,073/mo. One-bedroom apartments average $919/mo and 3-bedroom units go for $1,467/mo.

At 21% of local median household income ($75,970/yr), Sioux Falls ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.5% over the past year.

FAQ

Frequently asked questions

Is Sioux Falls an affordable city for renters?

Sioux Falls is considered very affordable for renters. At $1,327/mo, rent takes approximately 21% of the local median household income ($75,970/yr). The standard benchmark is 30%. Sioux Falls falls comfortably within that range.

How much income do you need to rent in Sioux Falls?

To keep rent at or below 30% of gross income, you would need to earn at least $53,000/year (~$25/hour full-time) to afford the median rent of $1,327/mo in Sioux Falls. The local median household income is $75,970/yr, meaning the typical Sioux Falls household meets that threshold.

Is rent going up or down in Sioux Falls?

Rent in Sioux Falls has increased 7.5% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Sioux Falls neighborhoods have the lowest rent?

The most affordable ZIP codes in Sioux Falls are 57105 ($1,222/mo), 57104 ($1,289/mo), and 57110 ($1,292/mo). Citywide, the median rent in Sioux Falls is $1,327/mo.

How does Sioux Falls rent compare to other cities in South Dakota?

Sioux Falls is one of the pricier cities in South Dakota for rent, ranking #3 out of 8 tracked cities at $1,327/mo.

Which nearby cities are cheaper to rent in than Sioux Falls?

Several nearby cities have lower median rents than Sioux Falls ($1,327/mo): Vermillion ($783/mo), Brandon ($1,202/mo), Tea ($1,257/mo).

What percentage of Sioux Falls residents rent vs. own?

According to Census data, approximately 40.5% of Sioux Falls households are renters, while 59.5% are owner-occupied. Sioux Falls leans toward homeownership, which can mean a smaller rental inventory.

How does Sioux Falls rent compare to the national average?

Sioux Falls's median rent of $1,327/mo is $638 (32%) below the US national median of $1,965/mo. Within South Dakota, it ranks #3 out of 8 tracked cities.

Income Affordability

21%

VERY AFFORDABLE

At $1,327/mo, rent takes ~21% of Sioux Falls's median household income ($75,970/yr). The standard benchmark is 30%.

Sioux Falls 21%Benchmark 30%

State income taxNone

Run the Sioux Falls affordability calculator →

Nearby cities