Average Rent in Sioux Falls, SD
What is the average rent in Sioux Falls, SD?
The average listed apartment rent in Sioux Falls, SD is $998 per month, as of November 10, 2026. This sample includes 22 priced apartments in 2 buildings. These are tracked asking prices, not signed leases.
We use published total monthly rent when known and base rent otherwise. Unknown fees remain unknown. Included building observations run from November 8, 2026 through November 10, 2026. Buildings without a qualifying price do not count in this sample. The guide directory can include more buildings.
2 apartment buildings, 22 units. Recorded asking prices and price history where available.
Browse apartments in Sioux Falls, SDAvg Rent
$998/mo
median $818
market average
Cheapest
$760/mo
Penbrooke Place
Properties
2
tracked daily
Units
22
available now
Sioux Falls, SD Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 2 properties in Sioux Falls, SD.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Sioux Falls, SD Rent Prices
All 2 properties ranked by lowest available rent.
My Renters Guide
3800 W Technology Cir Ste 102, Sioux Falls, SD 57106, USA
Penbrooke Place
4100 W Valhalla Blvd, Sioux Falls, SD 57106, USA
Third Avenue Lofts
325 E 12th St, Sioux Falls, SD 57104, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | My Renters Guide 3800 W Technology Cir Ste 102, Sioux Falls, SD 57106, USA | $680 as of Oct 26 | $1,243 | -- | 4.2 (10) | 28 |
| 2 | Penbrooke Place 4100 W Valhalla Blvd, Sioux Falls, SD 57106, USA | $760 | $797 | $0.98/ft² | 4 (57) | 16 |
| 3 | Third Avenue Lofts 325 E 12th St, Sioux Falls, SD 57104, USA | $1,225 | $1,533 | $1.60/ft² | 5 (31) | 6 |
Rent & Price History by Building
Compare apartment listings by price, bedrooms, and neighborhood.
My Renters Guide
4.2 (10)3800 W Technology Cir Ste 102, Sioux Falls, SD 57106, USA
Penbrooke Place
4 (57)4100 W Valhalla Blvd, Sioux Falls, SD 57106, USA
Third Avenue Lofts
5 (31)325 E 12th St, Sioux Falls, SD 57104, USA
By Area
Sioux Falls, SD neighborhoods
Tracked buildings across 2 named neighborhoods. Pick one to see its apartments.
Sioux Falls, SD Average Rent Prices 2026
The average listed rent in Sioux Falls, SD is $998 per month, based on 22 units across 2 apartment communities. Prices range from $760 at Penbrooke Place to $1,710 at Third Avenue Lofts.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| 1 Bed | $922/mo | $769/mo | 7 |
| 2 Bed | $1,033/mo | $760/mo | 15 |
We schedule daily price checks. The included observations can have different dates. Request an area we do not cover so we can review it for coverage.
Market Context
Who rents in Sioux Falls, SD, and what they pay
Tracked one-bedroom rent in Sioux Falls, SD averages $922/mo , with two-bedroom units averaging $1,033/mo. At the local median household income of $74,714, that works out to 16% of gross income, well within the 25 percent comfortable-rent threshold.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Sioux Falls, SD at $993/mo. The current tracked market average runs 1% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Sioux Falls, SD while the tracked market average covers units currently listed in larger apartment communities.
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
$40,000/year
Based on the 30 percent rule, using our tracked average rent of $998/mo.
Comfortable income
$48,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($760/mo), you need to earn at least $30,000/year.
Median household income in Sioux Falls, SD is $74,714 , about 56% 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) | $998 |
| Utilities | $317 |
| Groceries | $526 |
| Transportation | $755 |
| Healthcare | $368 |
| Other goods and services | $590 |
| Estimated total | $3,554/mo |
Population
197,642
Median household income
$74,714
Census median rent
$993/mo
Census rent burden
25.7%
Median age
35.1
Mean commute
17 min
Methodology
Rent data
We use listed asking rents and schedule daily data updates. Individual buildings can have different verification dates. Check the building or unit page for its latest price and availability.
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
We estimate annual income by dividing annual rent by 30 percent for the affordability figure and 25 percent for the comfortable-income figure. These estimates are a guide, not a guarantee of rental approval.
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.
Frequently asked questions
What is the average rent in Sioux Falls, SD?
The average listed apartment rent in Sioux Falls, SD is $998 per month, as of November 10, 2026. This sample includes 22 priced apartments in 2 buildings. These are tracked asking prices, not signed leases.
What is the median rent in Sioux Falls, SD?
The median asking rent in Sioux Falls, SD is $818 per month, computed from 22 priced listings; check the observation dates shown on this page. The average is $998/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in Sioux Falls, SD?
The lowest available rent in Sioux Falls, SD starts at $760 per month. Confirm current availability, fees, and lease terms with the selected listing.
How much is a 1-bedroom apartment in Sioux Falls, SD?
1-bedroom apartments in Sioux Falls, SD average $922/mo. The lowest listed 1-bedroom starts at $769/mo across 7 units tracked.
How much is a 2-bedroom apartment in Sioux Falls, SD?
2-bedroom apartments in Sioux Falls, SD average $1,033/mo. Units start from $760/mo across 15 units currently listed.
Rent Trends in Sioux Falls, SD
Track how apartment prices are changing over time.
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