Sioux Falls, SD Rental Market Trends
What is the average rent in Sioux Falls?
The average rent for an apartment in Sioux Falls is $1,060. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Sioux Falls, SD
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $1,060 | 906 sq. ft. |
What is the average apartment size in Sioux Falls?
The average size for a Sioux Falls, SD apartment is 906 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Sioux Falls, SD apartment rent ranges
Sioux Falls, SD Occupied Housing Units
31,863 or 40% of the households in Sioux Falls, SD are renter-occupied while 47,890 or 60% are owner-occupied.
Sioux Falls, SD rent trends
Average Rent in Sioux Falls, SD By Neighborhood
| City | Average Rent |
|---|---|
| Dakota Prairie | $1,226 |
| Sioux Empire Development Park II | $839 |
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Sioux Falls | Rent Comparison by Neighborhood
Rent in Dakota Prairie is 46% higher than in Sioux Empire Development Park II
$1,226
Dakota Prairie rent is 16% higher than Sioux Falls average
Average Rent
$1,226
$839
Sioux Empire Development Park II rent is 21% lower than Sioux Falls average
Average Rent
$839
How Sioux Falls Compares to Other Cities
| State | Average Rent |
|---|---|
| Sioux Falls | $1,060 |
| Black Hills | $1,288 |