Average Rent in Sioux Falls, SD

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Current Versus Historical Sioux Falls, SD Rents

Sioux Falls rentals average $425 for a studio rental to $2,150 for a 4-bedroom rental. The median price of all currently available listings is $1,045, or roughly $14 per square feet.

For the apartment units and housing in September 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $154 (-19.79%) year-over-year from $779 to $625. 1-bedroom rentals prices have decreased by $123 (-12.25%) year-over-year from $1,000 to $878. 2-bedroom rentals prices have decreased by $629 (-45.62%) year-over-year from $1,379 to $750. 3-bedroom rentals prices have increased by $314 (20.25%) year-over-year from $1,549 to $1,863. 4-bedroom rentals prices have increased by $276 (13.17%) year-over-year from $2,099 to $2,375. 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 up by 86.10% this month. 1-bedroom rents have gone up by 9.12% this month. 2-bedroom rents have gone down by 10.71% this month. 3-bedroom rents have gone up by 8.25% this month. 4-bedroom rents have gone up by 4.05% this month.

Beds	Price / Sqft	Sep 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$20.00	$625	$779 (-19.79%)	$639 (-2.22%)
1 BR	$13.50	$878	$1,000 (-12.25%)	$823 (6.62%)
2 BR	$13.23	$750	$1,379 (-45.62%)	$1,031 (-27.24%)
3 BR	$15.20	$1,863	$1,549 (20.25%)	$1,598 (16.53%)
4+ BR	$12.92	$2,375	$2,099 (13.17%)	$1,983 (19.75%)

Historical Rents in Sioux Falls, SD

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Sioux Falls

City	Studio	1 Bed	2 Bed	All

Top Neighborhoods Near Sioux Falls

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Sioux Falls

There are a total of 1 counties located by Sioux Falls, SD. One county in the area is Sioux Falls, SD. The average rent for rentals in these counties is $885. That's roughly around $14 per sqft. A total of one county has a lower average rent. The county that is the most affordable is Sioux Falls, SD. Its average rent per month is $885. Vice versa, with an average rent of $885, Sioux Falls, SD is the most expensive county by Sioux Falls, SD.

Typically, rent for studios in Sioux Falls, SD is on par with the other counties nearby. In comparison, rent for one bedroom listings in Sioux Falls, SD is on par with the other counties nearby. Finally, rent for two bedrooms in Sioux Falls, SD is on par with the other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Sioux Falls, SD	$425	$700	$795	$885

Top Zipcodes Near Sioux Falls

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Sioux Falls Average Rents

What is the average rent price in Sioux Falls, SD?

The average monthly rental price for Sioux Falls, SD apartments for rent is approximately $1,045. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Sioux Falls, SD rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Sioux Falls, SD.

How much is a studio apartment in Sioux Falls, SD?

The average monthly rental price for studio apartments is $425 and an average price per square feet of $20.00. There are a total of 4 studio apartment listings currently available for rent in Sioux Falls.

How much is a one bedroom apartment in Sioux Falls, SD?

The average monthly rental price for one bedroom apartments is $700 and an average price per square feet of $13.50. There are a total of 13 one bedroom apartment listings currently available for rent in Sioux Falls.

How much is a two bedroom apartment in Sioux Falls, SD?

The average monthly rental price for two bedroom apartments is $795 and an average price per square feet of $13.23. There are a total of 19 two bedroom apartment listings currently available for rent in Sioux Falls.

How have rent prices in Sioux Falls, SD changed this year?

Rent prices for rentals in Sioux Falls, SD can fluctuate yearly. Specifically, studio rental prices have changed by -0.20%, one bedroom rental prices have changed by -0.12%, two bedroom rental prices have changed by -0.46%, three bedroom rental prices have changed by 0.20% year-over-year.

What is a reasonable rent price in Sioux Falls, SD?

A reasonable rent price in Sioux Falls, SD is around $836/month. You can search for these reasonably priced rental listings on RentHop.