Average Rent in Sioux Falls, SD
4 apartment buildings, 23 units. Real asking prices, refreshed daily.
Avg Rent
$1,161/mo
market average
Cheapest
$670/mo
Babinski Properties
Properties
4
tracked daily
Units
23
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 4 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 4 properties ranked by lowest available rent.
Babinski Properties
2520 W 8th St #1, Sioux Falls, SD 57104, USA
Penbrooke Place
4100 W Valhalla Blvd, Sioux Falls, SD 57106, USA
VanderRight
213 W 43rd St, Sioux Falls, SD 57105, USA
Third Avenue Lofts
325 E 12th St, Sioux Falls, SD 57104, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Babinski Properties 2520 W 8th St #1, Sioux Falls, SD 57104, USA | $670 | $720 | $0.91 | 2.8 (58) | 3 |
| 2 | Penbrooke Place 4100 W Valhalla Blvd, Sioux Falls, SD 57106, USA | $842 | $928 | $1.38 | 4 (57) | 5 |
| 3 | VanderRight 213 W 43rd St, Sioux Falls, SD 57105, USA | $850 | $1,331 | $1.12 | 4.6 (21) | 12 |
| 4 | Third Avenue Lofts 325 E 12th St, Sioux Falls, SD 57104, USA | $1,125 | $1,313 | $1.56 | 5 (31) | 3 |
Explore Each Property
Babinski Properties
2.8 (58)2520 W 8th St #1, Sioux Falls, SD 57104, USA
Penbrooke Place
4 (57)4100 W Valhalla Blvd, Sioux Falls, SD 57106, USA
VanderRight
4.6 (21)213 W 43rd St, Sioux Falls, SD 57105, USA
Third Avenue Lofts
5 (31)325 E 12th St, Sioux Falls, SD 57104, USA
Sioux Falls, SD Average Rent Prices 2026
The average rent in Sioux Falls, SD is $1,161 per month, based on 23 units across 4 apartment communities. Prices range from $670 at Babinski Properties to $1,125 at Third Avenue Lofts.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| 1 Bed | $895/mo | $670/mo | 7 |
| 2 Bed | $1,053/mo | $800/mo | 12 |
| 3 Bed | $1,456/mo | $1,011/mo | 2 |
| 4 Bed | $2,450/mo | $2,200/mo | 2 |
Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Sioux Falls, SD, and what they pay
Tracked one-bedroom rent in Sioux Falls, SD averages $895/mo, with two-bedroom units averaging $1,053/mo. At the local median household income of $74,714, that works out to 19% 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 17% 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
$46,000/year
Based on the 30 percent rule, using our tracked average rent of $1,161/mo.
Comfortable income
$56,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($670/mo), you need to earn at least $27,000/year.
Median household income in Sioux Falls, SD is $74,714 , about 34% 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) | $1,161 |
| Utilities | $317 |
| Groceries | $526 |
| Transportation | $755 |
| Healthcare | $368 |
| Other goods and services | $590 |
| Estimated total | $3,717/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.
Frequently asked questions
What is the average rent in Sioux Falls, SD?
The average rent in Sioux Falls, SD is $1,161 per month, based on 23 units across 4 apartment buildings tracked by Average Rent. Prices are refreshed daily.
What is the cheapest apartment rent in Sioux Falls, SD?
The lowest available rent in Sioux Falls, SD starts at $670 per month. Availability changes daily and prices are refreshed each morning.
How much is a 1-bedroom apartment in Sioux Falls, SD?
1-bedroom apartments in Sioux Falls, SD average $895/mo. The lowest listed 1-bedroom starts at $670/mo across 7 units tracked.
How much is a 2-bedroom apartment in Sioux Falls, SD?
2-bedroom apartments in Sioux Falls, SD average $1,053/mo. Units start from $800/mo across 12 units currently listed.
Rent Trends in Sioux Falls, SD
Track how apartment prices are changing over time.
Missing your neighborhood?
Tell us where you're looking. We'll start tracking prices within 24 hours.
Get Started