ZIP Code · SD

ZIP 57108

Part of Sioux Falls, SD

Pop. 33,966·Lincoln County·7th most expensive ZIP in South Dakota

Median rent (all units)

$1,390/mo

Year-over-Year

+4.3%

Month-over-Month

Stable

vs US Median

-$542

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 57108 · $1,390

More affordable than 81% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,120

1 BR

$1,280

2 BR

$1,500

3 BR

$2,060

4 BR+

$2,520

Research median

$1,500/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

December. Asking rents in ZIP 57108 usually run 0.7% below trend in December and 0.8% above it in August, about $21 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 57108 is 0% below its high of $1,390 in August 2026, at $1,390 as of September 2026.

Past year vs. the rest of South Dakota

Rent in ZIP 57108 changed +4.3% over the year to September 2026. Across the 14 South Dakota ZIP codes Zillow tracks, the typical change was +4.1%.

What a typical income covers

30% of the median household income ($98,197) is $2,455 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,060); a 4-bedroom is $2,520.

Rank in Sioux Falls

6th cheapest of 7 ZIP codes in Sioux Falls.

Cheaper nearby

ZIP 57105, 3 miles away, rents for 22% less ($1,081/mo), about $3,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 57108. 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

$16,680/yr

At $1,390/mo median

Location

CitySioux Falls

StateSD

CountyLincoln County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.3% YoY, +0.0% MoM), not inventory.

Demographics

Who lives here

ZIP 57108 (Sioux Falls, SD) is majority owner-occupied, has a median income above the national average, 54.3% of residents hold a bachelor's degree or higher.

Population

33,966

Median income

$98,197

Median age

37.7

Renters

38.2%

Age distribution

23.6%

22.3%

24.6%

18.3%

Under 1823.6%

18–3422.3%

35–5424.6%

55–6411.3%

65+18.3%

Gender

47.5%

52.5%

Male47.5%

Female52.5%

Race & ethnicity

88.8%

White88.8%

Black3.3%

Hispanic2.5%

Asian2.8%

Other2.6%

Education (25+)

19.4%

23.9%

54.3%

No HS diploma2.4%

HS diploma19.4%

Some college23.9%

Bachelor's+54.3%

Housing tenure

61.8%

38.2%

Owner61.8%

Renter38.2%

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

2021 vs 2026

How ZIP 57108 in Sioux Falls, SD has changed in 5 years

Rent

$1,084 → $1,390

up 28.2%

Income

$90,272 → $98,197

up 8.8%

Population

30,152 → 33,966

up 12.6%

Renter share

35.1% → 38.2%

+3.1 pts

Bachelor's+

51.5% → 54.3%

+2.8 pts

Compared with 2021, rent in ZIP 57108 in Sioux Falls, SD has climbed by $306 per month, settling near $1,390 after starting the period at $1,084. Census figures show median household income at $98,197 today, compared with $90,272 five years earlier. Rent outpaced income growth by roughly 19.4 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 30,152 to 33,966 between 2021 and 2024, a 12.6% change. About 38.2% of households rent today, against 35.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 51.5% to 54.3%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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About renting in ZIP 57108

Last updated: October 17, 2026

ZIP code 57108 covers Sioux Falls, SD. The median rent here is $1,390/mo as of October 2026. A 1-bedroom rents for a median of $1,280/mo. A 2-bedroom rents for a median of $1,500/mo.

At 17% of local median household income ($98,197/yr), ZIP 57108 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 57108?

To keep rent at or below 30% of gross income, you would need to earn at least $56,000/year (about $27/hour full-time) to afford the median rent of $1,390/mo in ZIP 57108. The local median household income is $98,197/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 57108?

Rent in ZIP 57108 has risen 4.3% over the past year as of September 2026. It sits 0% below its high of $1,390 in August 2026.

When is the cheapest time to rent in ZIP 57108?

Asking rents in ZIP 57108 are usually lowest in December, about 0.7% below their yearly trend, and highest in August, about 0.8% above it. At today's median that is a gap of roughly $21 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 57108 compare to other ZIPs in South Dakota?

ZIP 57108 is in the middle among South Dakota ZIP codes for rent, ranking #7 of 16 at $1,390/mo. Over the year to September 2026, rent in ZIP 57108 changed +4.3%, against a typical +4.1% across the 14 South Dakota ZIP codes Zillow tracks.