What's the average rent in Sioux Falls, SD?

Rental Market Trends in Sioux Falls, SD

SOURCE: TRULIA DATA

Rental market highlights

As of October 2026, the average rent in Sioux Falls, SD is $1,150 per month, which is 41% lower than the national average rent of $1,948 per month.

AVERAGE RENT

$1,150
0.7%
$8 increase month-over-month
0.3%
$4 increase year-over-year

AVAILABLE RENTALS

558

APARTMENTS

$963

HOUSES

$1,700

TOWNHOUSES

$1,800
As of October 2026, apartments are the most affordable rental option in Sioux Falls, SD at $963 per month, while townhomes are the most expensive at $1,800 per month. Houses average $1,700 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan typeAverage rent
1 Bedroom$835
2 Bedrooms$1,100
3 Bedrooms$1,650
4 Bedrooms$2,100
All$1,150
As of October 2026, the average rent for a 1 bedroom rental in Sioux Falls, SD is $835 per month, followed by $1,100 for a 2 bedroom rental, $1,650 for a 3 bedroom rental, and $2,100 for a 4 bedroom rental.

Average rent trends and rent ranges

Average rent price over time

In the past year, rent has increased by +1% compared to the previous year, which is a +$7 increase.
This year (2026)
Last year (2025)

Rent distribution

48% of rentals have rent of $800-$1,499/month

Rental price range

The price range for rentals is $100 to $5,000.
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