South Dakota renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
Luxury
High-end
Mid-tier
Most affordable
On average, the cost of rent in South Dakota is about $915 per month. This puts it in the 6th percentile compared to the nation average cost of rent, which is $1,385. Households in South Dakota have a median income of $5,253 per month so the average renter in South Dakota is spending roughly 17% of their earnings on housing.
Nationally, and in South Dakota, home values are the data point most closely correlated with the cost of rent. The median price of a home in South Dakota is $235,216 right now, which is lower than states nearby, meaning that rents in South Dakota also tend to be lower versus these nearby states.
Higher rent prices are common in the western parts of South Dakota while lower rent rates are often available in southwestern areas.
Nearby States
- Nebraska: more expensive rent prices
- North Dakota: more expensive rent prices
- Minnesota: more expensive rent prices
- Iowa: more expensive rent prices
- Kansas: more expensive rent prices
- Wyoming: more expensive rent prices
- Wisconsin: more expensive rent prices
- Colorado: more expensive rent prices
- Missouri: more expensive rent prices
- Illinois: more expensive rent prices
States with Similar Populations
- Delaware: more expensive rent prices
- North Dakota: more expensive rent prices
- Alaska: more expensive rent prices
- Montana: more expensive rent prices
- Rhode Island: more expensive rent prices
- District of Columbia: more expensive rent prices
- Vermont: more expensive rent prices
- Wyoming: more expensive rent prices
- New Hampshire: more expensive rent prices
- Maine: more expensive rent prices
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