Average Rent in Sioux Falls, SD

Sioux Falls rentals average $0 for a studio rental to $1,755 for a 3-bedroom rental. The median price of all currently available listings is $925, or roughly $1 per square feet.

For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $359 (-66.62%) year-over-year from $539 to $180. 1-bedroom rentals prices have increased by $108 (12.87%) year-over-year from $842 to $950. 2-bedroom rentals prices have decreased by $67 (-5.97%) year-over-year from $1,117 to $1,050. 3-bedroom rentals prices have increased by $19 (1.15%) year-over-year from $1,681 to $1,700. 4-bedroom rentals prices have increased by $18 (0.93%) year-over-year from $1,982 to $2,000. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 76.19% this month. 1-bedroom rents have gone down by 15.24% this month. 2-bedroom rents have gone down by 1.72% this month. 3-bedroom rents have gone down by 2.38% this month. 4-bedroom rents have gone up by 1.27% this month.