Rents are 4% below what Sioux Falls's 10-year trend predicts — a better deal than its own history suggests.
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 $1,318 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: August 17, 2026
Is your rent fair?
Compare your rent to the local median.
Who lives here
Sioux Falls, SD is majority owner-occupied, 38.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Sioux Falls, SD has changed in 5 years
Rent in Sioux Falls, SD has increased 31.1% since 2021, going from about $1,005 per month to roughly $1,318 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 17.3 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.
Discussions about Sioux Falls
No discussions yet. Start the conversation.
Can you afford rent in Sioux Falls on your salary?
At $1,318/mo, how Sioux Falls rent compares to typical pay (30% rule).
Sioux Falls rent by bedroom count
Median rent for each apartment size in Sioux Falls. Click any size for full breakdown.
Tips for renters in Sioux Falls
Last updated: August 17, 2026
The median rent in Sioux Falls is $1,318/mo as of August 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 6.9% over the past year.
Frequently asked questions
Is Sioux Falls an affordable city for renters?
How much income do you need to rent in Sioux Falls?
Is rent going up or down in Sioux Falls?
Which Sioux Falls neighborhoods have the lowest rent?
How does Sioux Falls rent compare to other cities in South Dakota?
Which nearby cities are cheaper to rent in than Sioux Falls?
What percentage of Sioux Falls residents rent vs. own?
How does Sioux Falls rent compare to the national average?
At $1,318/mo, rent takes ~21% of Sioux Falls's median household income ($75,970/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Estimated from ZIP-level data
Be the first to submit your rent for Sioux Falls.
No discussions yet.
