Sioux Falls, SD-MN Rent Report
Apartments & Houses by Size

Rentometer, Inc. | Data as of 10/23/2025

Sioux Falls’ metro rental market offers a diverse mix of housing options, ranging from modern apartments in the vibrant downtown district to spacious single‑family homes in established neighborhoods such as Brookside and Terrace Park. Tenants enjoy easy access to popular attractions like Falls Park, the bustling downtown Riverfront, and the University of Sioux Falls, while newer developments near the Siouxland Regional Airport provide convenient commuter options. The area’s blend of historic charm and contemporary amenities makes it appealing to professionals, families, and students alike, supporting a steady demand for both apartment living and detached houses.

Rental rates reflect the city’s balanced market. Studio apartments generally range from the $900s to the $1900s, while one‑bedroom units commonly sit in the $1000‑$1100 range, offering affordable entry‑level choices. Larger three‑bedroom apartments and houses often fall within the $1500‑$1700s, catering to growing families seeking more space. Across the metro, renters benefit from a variety of property types, from sleek high‑rise complexes near the Empire Mall to quiet suburban homes in the burgeoning West River area. This mix of options, combined with Sioux Falls’ strong economy and welcoming community vibe, continues to position the city as a desirable destination for renters looking for quality living at competitive price points.

Sioux Falls, SD-MN Rent by Property Type & Bedroom Count

Property Type Bedrooms Average Median Min - Max 25th - 75th
Apartment Studio $1,073 $917 $475 - $2,083 $875 - $1,240
Apartment 1 Bedroom $1,116 $1,061 $300 - $2,545 $888 - $1,225
Apartment 2 Bedroom $1,256 $1,155 $550 - $3,200 $1,050 - $1,350
Apartment 3 Bedroom $1,642 $1,500 $900 - $5,995 $1,375 - $1,787
House Studio $1,078 $1,000 $735 - $1,500 $735 - $1,500
House 1 Bedroom $1,080 $950 $700 - $1,600 $750 - $1,400
House 2 Bedroom $1,453 $1,350 $999 - $2,225 $1,199 - $1,700
House 3 Bedroom $1,776 $1,795 $500 - $2,900 $1,525 - $2,025
House 4+ Bedroom $2,305 $2,197 $1,350 - $4,500 $1,849 - $2,695

In the current period, the average rent in Sioux Falls, SD-MN was $1,074 for Studio, $1,115 for 1 Bedroom, $1,287 for 2 Bedroom, $1,720 for 3 Bedroom, and $2,128 for 4+ Bedroom.

Sioux Falls, SD-MN

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Data provided by Rentometer, Inc.