Last updated
Average Rent in Sioux Falls, SD & Rent Trends
Rent prices and market trends across 2 apartment communities in Sioux Falls, SD. Updated daily.
Market Average
$1,119/mo
▼ 47.6% from last month
Lowest Available
$660/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
18
available now
Rent by Neighborhood in Sioux Falls, SD
Compare average rent across Sioux Falls, SD neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Sioux Falls 57105 | $1,331 | $850 | 1 | 12 |
| Sioux Falls 57104 | $697 | $660 | 1 | 6 |
Is Rent Going Up or Down in Sioux Falls, SD?
As of May 2026, the average rent in Sioux Falls, SD is $1,119 per month across 2 apartment communities and 18 available units. Rents have decreased $634 (47.6%) over the past month.
The most affordable option is Babinski Properties starting at $660/mo. By unit type, a studio averages $800/mo, a 1-bedroom averages $726/mo, a 2-bedroom averages $1,067/mo, a 3-bedroom averages $1,900/mo, a 4-bedroom averages $2,450/mo.
Prices range from $660 to $2,700 per month. The most common price point is the $600 range, where 5 units are currently listed.
Sioux Falls, SD Rent Price History
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Sioux Falls, SD
Rent Prices by Apartment in Sioux Falls, SD
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Babinski Properties | $660/mo | $697/mo | 6 | 2.8 |
| VanderRight | $850/mo | $1,331/mo | 12 | 4.6 |
Google Search Trends for Sioux Falls, SD Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Sioux Falls, SD
What is the average rent in Sioux Falls, SD?
Is rent going up or down in Sioux Falls, SD?
What is the cheapest apartment in Sioux Falls, SD?
How much is a 1-bedroom apartment in Sioux Falls, SD?
How many apartments are available in Sioux Falls, SD?
What salary do I need to live comfortably in Sioux Falls, SD?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$45,000/year
30 percent rule -- using our average rent of $1,119/mo.
Comfortable income
$54,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($660/mo), you need to earn at least $26,000/year.
Median household income in Sioux Falls, SD is $74,714 , about 39% above the comfortable-living threshold.
Cost of living in Sioux Falls, SD
Overall prices in Sioux Falls, SD runs below the national average by about 10% (BEA Regional Price Parity index 90.1, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Sioux Falls, SD's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,119 |
| Utilities | $317 |
| Groceries | $526 |
| Transportation | $755 |
| Healthcare | $368 |
| Other goods and services | $590 |
| Estimated total | $3,675/mo |
Population
197,642
Median household income
$74,714
Census median rent
$993/mo
Rent as % of income
25.7%
Median age
35.1
Mean commute
17 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Sioux Falls, SD Apartments
Browse all 2 communities with daily-updated pricing and availability.