Last updated
Average Rent in Sioux Falls 57104 & Rent Trends
Rent prices and market trends across 2 apartment communities in Sioux Falls 57104, Sioux Falls, SD. Updated daily.
Market Average
$1,190/mo
Lowest Available
$800/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
2
available now
Sioux Falls 57104 vs Sioux Falls, SD Average
Sioux Falls 57104 is more expensive the Sioux Falls, SD average by $29/mo (2%). The citywide average is $1,161/mo across all neighborhoods.
Is Rent Going Up or Down in Sioux Falls 57104?
As of June 2026, the average rent in Sioux Falls 57104 is $1,190 per month across 2 apartment communities and 2 available units.
The most affordable option is Babinski Properties starting at $800/mo. By unit type, a 2-bedroom averages $1,190/mo.
Prices range from $800 to $1,580 per month. The most common price point is the $800 range, where 1 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Sioux Falls 57104
Rent Prices by Apartment in Sioux Falls 57104
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Babinski Properties | $800/mo | $800/mo | 1 | 2.8 |
| Third Avenue Lofts | $1,580/mo | $1,580/mo | 1 | 5 |
Google Search Trends for Sioux Falls 57104 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Sioux Falls 57104
What is the average rent in Sioux Falls 57104?
Is rent going up or down in Sioux Falls 57104?
What is the cheapest apartment in Sioux Falls 57104?
How many apartments are available in Sioux Falls 57104?
What salary do I need to live comfortably in Sioux Falls 57104?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$48,000/year
Based on the 30 percent rule, using our tracked average rent of $1,190/mo.
Comfortable income
$57,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($800/mo), you need to earn at least $32,000/year.
Median household income in Sioux Falls 57104 is $74,714 , about 31% above the comfortable-living threshold.
Cost of living in Sioux Falls 57104
Overall prices in Sioux Falls 57104 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 57104's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,190 |
| Utilities | $317 |
| Groceries | $526 |
| Transportation | $755 |
| Healthcare | $368 |
| Other goods and services | $590 |
| Estimated total | $3,746/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.
Explore Sioux Falls 57104 Apartments
Browse all 2 communities with daily-updated pricing and availability.