Official HUD Fair Market Rents for all 3 South Dakota metro FMR areas. Median 3-bedroom benchmark across the state's metros: $1,490/mo. FMRs are 40th-percentile gross rents — treat them as floor benchmarks, not asking rents.
| Metro | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|---|---|---|---|---|
| Meade County | $751 | $835 | $1,095 | $1,506 | $1,839 |
| Rapid City | $767 | $856 | $1,119 | $1,490 | $1,777 |
| Sioux Falls | $748 | $882 | $1,030 | $1,412 | $1,730 |
Source: U.S. Department of Housing & Urban Development, FY2025 Fair Market Rents for South Dakota metro FMR areas. Compiled by AgenticREI.ai. Free to cite with a link.
Every strategy calculator can start from these benchmarks — or paste any South Dakota address into the analyzer and it pulls the property records and market rents itself, then gives you a straight BUY, NEGOTIATE, or PASS.
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