Fair Market Rent · South Dakota
Fair Market Rent in Pennington County, SD
FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.
HUD's FY2027 Fair Market Rent for a 2-bedroom home in Pennington County is $1,430 a month, +7% from FY2026. Pennington County is part of the Rapid City, SD HUD Metro FMR Area (a metro area). HUD also publishes Small Area FMRs by ZIP code here; those can be higher or lower than the area-wide figure. See each ZIP code below.
Area-wide Fair Market Rents
| Size | FY2027 | FY2026 | Change | Typical voucher range (90–110%) |
|---|---|---|---|---|
| Studio | $996 | $921 | +8.1% | $896–1,096 |
| 1 bedroom | $1,093 | $1,018 | +7.4% | $984–1,202 |
| 2 bedrooms | $1,430 | $1,336 | +7% | $1,287–1,573 |
| 3 bedrooms | $1,833 | $1,743 | +5.2% | $1,650–2,016 |
| 4 bedrooms | $2,390 | $2,178 | +9.7% | $2,151–2,629 |
The voucher range is the typical band housing authorities use for payment standards; your housing authority sets the actual standard.
Rents by ZIP code in Pennington County
Open a ZIP code for every size, the spread of rents and nearby ZIP codes.
| ZIP | Place | 2-bedroom FMR (ZIP) | Census median, 2 bedrooms | Census median, all sizes |
|---|---|---|---|---|
| 57701 | Rapid City | $1,310 | $1,073 | $961 |
| 57702 | Rapid City | $1,530 | $1,340 | $1,276 |
| 57703 | Rapid City | $1,750 | $1,476 | $1,385 |
| 57725 | Caputa | $1,420 | – | – |
| 57745 | Hill City | $1,440 | $1,160 | $1,196 |
| 57751 | Keystone | $1,410 | $970 | $600 |
| 57775 | Quinn | $1,210 | – | – |
| 57780 | Scenic | $1,430 | – | – |
| 57790 | Wall | $1,430 | $975 | $843 |
Sources: HUD Fair Market Rents and Small Area Fair Market Rents, FY2027 (effective October 1, 2026) and FY2026; U.S. Census Bureau, 2020–2024 American Community Survey 5-year estimates (median gross rent by ZIP code). Fair Market Rents and Census figures include utilities. Not affiliated with HUD or the Census Bureau. About the data.