Sioux Falls, SD Rental Market Trends
Last updated: April 05, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Sioux Falls is $1,155, a 1.85% increase compared to the previous year, when the average rent was $1,134.
Studio Apartments at $788 offer the most budget-friendly option with 491 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 715 square feet for $963, balancing privacy and affordability.
Two-beedroom units at $1,220 offer 1,009 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,270 sq ft) for $1,544, suitable for larger households.
Average rent in Sioux Falls, SD
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,155 | 920 sq. ft. |
| Studio | $788 | 491 sq. ft. |
| 1 Bed | $963 | 715 sq. ft. |
| 2 Beds | $1,220 | 1,009 sq. ft. |
| 3 Beds | $1,544 | 1,270 sq. ft. |
Sioux Falls, SD rent trends
Rental prices in Sioux Falls, SD have increased by 1.85% over the past year. The average rent moved from $1,134 to $1,155.
What's the typical rent budget in Sioux Falls, SD?
The largest share of rentals in Sioux Falls, SD (50%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Sioux Falls, SD?
33,159 or 40% of the households in Sioux Falls, SD are renter-occupied while 49,677 or 60% are owner-occupied.
Most affordable neighborhoods in Sioux Falls?
Timberline Estates $818/month
Cottonwood Heights $880/month
River Run $922/month
All of these neighborhoods fall below the city wide average of $1,155/month.Most expensive neighborhoods in Sioux Falls?
Downtown Sioux Falls $1,449/month
Pana $1,453/month
West Pointe Estates $1,513/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Sioux Falls, SD By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| West Pointe Estates | $1,513 |
| Pana | $1,453 |
| Downtown Sioux Falls | $1,449 |
| Copper Creek | $1,406 |
| Briarwood Estates | $1,400 |
| Westwood Valley | $1,374 |
| Hazeltine | $1,267 |
| Grand Prairie | $1,262 |
| Elrod's | $1,229 |
| Shield's | $1,213 |
| Barber's | $1,205 |
| Platinum Valley | $1,186 |
| Hein's | $1,177 |
| Ponderosa Place | $1,163 |
| Whispering Woods | $1,155 |
| Dakota Prairie | $1,107 |
| Morrow's | $1,084 |
| Brooks Crossing | $1,013 |
| River Run | $922 |
| Cottonwood Heights | $880 |
| Timberline Estates | $818 |
Sioux Falls | Rent Comparison by Neighborhood
Rent in Barber's is 14% lower than in Briarwood Estates
Barber's rent is 4% higher than Sioux Falls average
Briarwood Estates rent is 21% higher than Sioux Falls average
How Sioux Falls Compares to Other Cities
| City | Average Rent |
|---|---|
| Sioux Falls | $1,155 |
| Black Hills | $1,356 |
| Rapid City | $1,314 |
| Mitchell | $1,125 |
| Harrisburg | $1,306 |
| Brookings | $1,223 |
| Tea | $1,068 |
| Aberdeen | $1,099 |
| Watertown | $1,062 |
| Box Elder | $1,470 |
| Vermillion | $1,466 |
| Yankton, SD | $1,251 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Sioux Falls apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.