Average Rent In South Dakota For January 2024
Average Rent
What is the average rent in South Dakota?
The average rent in South Dakota for January 2024 is $870, according to the most recent data from ApartmentList - January 3, 2024. The average rent of a 2-bedroom apartment in South Dakota is $903. The average rent of a 1-bedroom apartment in South Dakota is $703.
Compared to the national average of $1,379, South Dakota rent costs -36.9% less. Read our analysis of rents by state to see how South Dakota ranks.
Here's a look at how average rents have changed over time:
How Does South Dakota Rent Compare To The Rest Of The Country?
| Statistic | SD | USA | % Difference |
|---|---|---|---|
| Average Rent | $870 | $1,379 | -36.9% |
| M-o-M Change | -$13 | -$11 | 18.2% |
| Y-o-Y Change | -$30 | -$14 | 114.3% |
| M-o-M % Change | -1.5% | -0.8% | - |
| Y-o-Y % Change | -3.3% | -1.0% | - |
Median Rent By Bedrooms In South Dakota
1-Bedroom
2-Bedroom
As you would expect, the median price for rent in South Dakota increases as the number of bedrooms in the unit increases. 1-Bedroom rent is the cheapest in South Dakota clocking in at $703, while a 2-bedroom rental will set you back $903 per month.
If you don't mind having roommates, the best option on a per room basis is a 2-bedroom rental for $451/room/month.
Read on to find out more or for more on South Dakota check out:
- Best Places To Live In South Dakota
- Cheapest Places To Live In South Dakota
- Most Dangerous Cities In South Dakota
Month Over Month South Dakota Rent Statistics
M-o-M Increase
M-o-M Increase
South Dakota has experienced a -$13 change in rent over the past month going from $883 to $870. That change comes out to -1.5%.
For reference, the US national average rent changed -$11 in the past month or -0.8%.
Here's a look at the month over month change for each month since 2017 for South Dakota:
Year Over Year South Dakota Rent Statistics
Y-o-Y Increase
Y-o-Y Increase
Over the past year, the average rent in South Dakota changed -$30 from $900 to $870. A change of -$30 means that rents changed -3.3% in a year.
That compares to the US national change of -$14 in the past year or -1.0%.
Here's a look at the year over year change by month since 2017 for South Dakota:
The 10 Places With The Highest Rent In South Dakota
Population: 2,285
Median Rent: $1,287
More on Summerset: Crime | Real Estate
Population: 1,349
Median Rent: $1,165
More on Crooks: Real Estate
Population: 9,277
Median Rent: $1,081
More on Box Elder: Data | Crime | Cost Of Living | Real Estate
Population: 4,866
Median Rent: $936
More on Tea: Data | Crime | Cost Of Living | Real Estate
Population: 9,731
Median Rent: $933
More on Brandon: Data | Crime | Cost Of Living | Real Estate
Population: 1,965
Median Rent: $891
More on Groton: Real Estate
Population: 3,683
Median Rent: $870
More on Dell Rapids: Data | Real Estate
Population: 5,429
Median Rent: $869
More on Harrisburg: Data | Cost Of Living | Real Estate
Population: 1,062
Median Rent: $862
More on Whitewood: Real Estate
Population: 3,043
Median Rent: $860
More on Hartford: Data | Real Estate
Learn More About Living In South Dakota
About Chris Kolmar
Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.
He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.
If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.
You can find out more about him on LinkedIn.