Cheapest Cities to Rent in South Dakota (2026)
The cheapest rent in South Dakota is in Rapid City, SD, where a 2-bedroom averages $1,336/mo and a 1-bedroom $1,018/mo (2026 HUD Fair Market Rent) — $0/mo below the South Dakota average 2BR of $1,336. The table below ranks all 1 of the cheapest cities to rent in South Dakota.
Top 1 Cheapest Cities in South Dakota
Ranked by 2-bedroom rent price (lowest first)
| Rank | City | Studio | 1 Bed | 2 Bed | 3 Bed | Income Needed |
|---|---|---|---|---|---|---|
#1 | Rapid City, SD | $921 | $1,018 | $1,336 | $1,743 | $53,440/yr |
Why These South Dakota Cities Are Affordable
South Dakota ranks among the most affordable states for renters, with the added benefit of no state income tax. Sioux Falls offers excellent value for a growing metro.
- Below-average housing costs: These cities have housing indices lower than the state average of 85
- Lower demand: Smaller populations and less competitive markets keep prices reasonable
- Diverse housing stock: Mix of older and newer buildings provides options at various price points
- Regional economies: Local job markets support working populations without coastal-city premiums
Income Requirements
Using the standard 30% of income guideline, here's what you need to earn to afford rent in South Dakota's cheapest cities:
How South Dakota's Cheapest Cities Compare
What to Consider Before Moving
Best For
- ✓Budget-conscious renters
- ✓Healthcare professionals
- ✓Those seeking no income tax
- ✓Outdoor enthusiasts
Considerations
- •Cold winters
- •Limited major metros
- •Rural isolation
Cheapest Rent in South Dakota: FAQ
Where is the cheapest rent in South Dakota?
The cheapest rent in South Dakota is in Rapid City, SD, where a 2-bedroom averages $1,336/month and a 1-bedroom $1,018/month in 2026 (HUD Fair Market Rent).
How much can I save renting in South Dakota's cheapest cities?
By choosing South Dakota's cheapest city over the state average 2BR of $1,336, you could save $0/month or $0/year on rent.
Is rent in South Dakota's cheapest city below the US average?
Yes. A 2-bedroom in Rapid City costs $1,336/month, which is $237/month below the US median 2BR Fair Market Rent of $1,573 (HUD, 2026).
What income do I need to rent in South Dakota's cheapest cities?
To afford the cheapest 2BR in South Dakota at $1,336/month, you need approximately $53,440/year based on the 30% of income guideline.