Affordable
40th Percentile
Metro Area
Fair Market Rent prices in Rapid City are
very low
compared to the national average.
This FMR area is less expensive
than
100%
of other FMR areas.
Fair Market Rent for a two-bedroom apartment in Rapid City is $722 per month.
The previous year, rent for a two-bedroom home was $700 per month.
This is a 3.14% increase year-over-year.
This FMR rate applies to Caputa, SD, Scenic, SD, Wall, SD, Hill City, SD, Rapid City, SD and other cities within the region.
The Metro Code or CBSA code for this region is METRO39660M39660.
Additionally, This Fair Market Rent (FMR) area Rapid City, SD HUD Metro FMR Area spans one county or city in which is listed in the table below.
Estimated population of Rapid City, SD HUD Metro FMR Area FMR area is 88,565 people based on latest Census data.