Rent by ZIP · Pennington County
Rent in Rapid City, SD 57703
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,750 (+2.9% vs FY2026). Renters in this ZIP code pay a median $1,385 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,220 | $1,170 | +4.3% | $1,098–1,342 | – |
| 1 bedroom | $1,340 | $1,300 | +3.1% | $1,206–1,474 | $1,252 ±$167 |
| 2 bedrooms | $1,750 | $1,700 | +2.9% | $1,575–1,925 | $1,476 ±$148 |
| 3 bedrooms | $2,240 | $2,220 | +0.9% | $2,016–2,464 | $1,382 ±$121 |
| 4 bedrooms | $2,930 | $2,770 | +5.8% | $2,637–3,223 | $1,940 ±$634 |
Small Area FMRs for the Rapid City, SD HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Rapid City, SD HUD Metro FMR Area, 2 bedrooms: $1,430.
What renters pay in 57703
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 57702 | Rapid City | $1,530 | $1,340 |
| 57701 | Rapid City | $1,310 | $1,073 |
| 57706 | Ellsworth Afb | $1,820 | – |
| 57714 | Allen | $1,250 | – |
| 57717 | Belle Fourche | $1,280 | $1,153 |
| 57718 | Black Hawk | $1,250 | $1,163 |
Fair Market Rents across Pennington County, SD · All SD counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.