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.
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.
Data provided by Rentometer, Inc.