ZIP Code · SD

ZIP 57103

Part of Sioux Falls, SD

Pop. 35,582·Minnehaha County·2nd most expensive ZIP in South Dakota

Median rent (all units)

$1,481/mo

Year-over-Year

+7.2%

Month-over-Month

+1.2%

vs US Median

-$451

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 57103 · $1,481

More affordable than 74% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$820

1 BR

$940

2 BR

$1,100

3 BR

$1,510

4 BR+

$1,850

Research median

$1,100/mo

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

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

October. Asking rents in ZIP 57103 usually run 0.5% below trend in October and 0.8% above it in July, about $19 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 57103 is at its highest level since Zillow's records here began in August 2021.

Past year vs. the rest of South Dakota

Rent in ZIP 57103 changed +7.2% over the year to September 2026. Across the 14 South Dakota ZIP codes Zillow tracks, the typical change was +4.1%.

Recent direction

Rent has risen 7 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($72,831) is $1,821 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,510); a 4-bedroom is $1,850.

Rank in Sioux Falls

7th cheapest of 7 ZIP codes in Sioux Falls.

Cheaper nearby

ZIP 57110, 2 miles away, rents for 11% less ($1,322/mo), about $1,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 57103. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,772/yr

At $1,481/mo median

Location

CitySioux Falls

StateSD

CountyMinnehaha County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 7.2% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+7.2% YoY, +1.2% MoM), not inventory.

Demographics

Who lives here

ZIP 57103 (Sioux Falls, SD) is majority owner-occupied, has a large share of families with children, 33.7% of residents hold a bachelor's degree or higher.

Population

35,582

Median income

$72,831

Median age

37.9

Renters

33.9%

Age distribution

27.1%

19.7%

26%

15.7%

Under 1827.1%

18–3419.7%

35–5426%

55–6411.5%

65+15.7%

Gender

51.4%

48.6%

Male51.4%

Female48.6%

Race & ethnicity

73.8%

White73.8%

Black8.2%

Hispanic8.9%

Asian2.3%

Other6.7%

Education (25+)

28.1%

27.7%

33.7%

No HS diploma10.5%

HS diploma28.1%

Some college27.7%

Bachelor's+33.7%

Housing tenure

66.1%

33.9%

Owner66.1%

Renter33.9%

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

2022 vs 2026

How ZIP 57103 in Sioux Falls, SD has changed in 5 years

Rent

$1,270 → $1,481

up 16.6%

Income

$67,970 → $72,831

up 7.2%

Population

36,574 → 35,582

down 2.7%

Renter share

32.3% → 33.9%

+1.6 pts

Bachelor's+

32.2% → 33.7%

+1.5 pts

Median age

35.5 → 37.9

+2.4 yrs

Across the past five years, the going rent in ZIP 57103 in Sioux Falls, SD has shifted from $1,270 to $1,481, up 16.6% since 2022. Median household income climbed from $67,970 to $72,831 between 2021 and 2024, a 7.2% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 57103 in Sioux Falls, SD losing about 992 residents over the five-year window, down 2.7% on net. The renter share has risen from 32.3% to 33.9%, with owner-occupied housing accounting for the remainder. Taken together, the five-year picture in ZIP 57103 in Sioux Falls, SD reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 57103

Last updated: October 17, 2026

ZIP code 57103 covers Sioux Falls, SD. The median rent here is $1,481/mo as of October 2026. A 1-bedroom rents for a median of $940/mo. A 2-bedroom rents for a median of $1,100/mo.

At 24% of local median household income ($72,831/yr), ZIP 57103 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 57103?

To keep rent at or below 30% of gross income, you would need to earn at least $59,000/year (about $28/hour full-time) to afford the median rent of $1,481/mo in ZIP 57103. The local median household income is $72,831/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 57103?

Rent in ZIP 57103 has risen 7.2% over the past year as of September 2026. That is the highest level since Zillow's records here began in August 2021.

When is the cheapest time to rent in ZIP 57103?

Asking rents in ZIP 57103 are usually lowest in October, about 0.5% below their yearly trend, and highest in July, about 0.8% above it. At today's median that is a gap of roughly $19 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 57103 compare to other ZIPs in South Dakota?

ZIP 57103 is one of the pricier among South Dakota ZIP codes for rent, ranking #2 of 16 at $1,481/mo. Over the year to September 2026, rent in ZIP 57103 changed +7.2%, against a typical +4.1% across the 14 South Dakota ZIP codes Zillow tracks.