Rentometer, Inc. | Data as of 12/04/2025
Sioux Falls, South Dakota’s vibrant city center and surrounding neighborhoods offer a balanced mix of rental options that cater to young professionals, families, and retirees alike. From sleek studio apartments near the bustling downtown Riverfront district to spacious single‑family homes in the leafy suburbs of Falls Park and the historic Soochie Creek area, renters enjoy easy access to cultural attractions, outdoor recreation, and a thriving dining scene. The city’s well‑maintained parks, the iconic Sioux Falls waterfall, and year‑round events such as the SculptureWalk make it an appealing place to call home.
The rental market reflects a diverse range of property types. Studios and one‑bedroom apartments typically fall in the low $1000s, while two‑bedroom units often sit near the $1200 range. Larger apartments and homes provide generous space, with four‑plus bedroom residences reaching into the $2000s, offering ample room for growing families. Prospective tenants appreciate the blend of modern apartment complexes near the university district and charming older homes in neighborhoods like the West River area, each delivering a distinct living experience.
Beyond housing, Sioux Falls boasts convenient amenities that enhance everyday life. Residents enjoy quick commutes thanks to a well‑connected road network, while nearby shopping centers, local breweries, and the Great Plains Zoo provide entertainment options for all ages. With its affordable rental landscape, welcoming community vibe, and easy access to both natural beauty and urban conveniences, Sioux Falls continues to attract renters seeking a high quality of life in the heart of the Upper Midwest.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $999 | $925 | $710 - $1,315 | $830 - $1,200 |
| Apartment | 1 Bedroom | $1,118 | $1,080 | $450 - $2,545 | $875 - $1,278 |
| Apartment | 2 Bedroom | $1,305 | $1,215 | $550 - $3,200 | $1,060 - $1,420 |
| Apartment | 3 Bedroom | $1,551 | $1,450 | $750 - $4,750 | $1,215 - $1,695 |
| Apartment | 4+ Bedroom | $1,748 | $1,875 | $1,126 - $2,200 | $1,615 - $1,925 |
| House | 1 Bedroom | $1,273 | $1,297 | $750 - $1,750 | $995 - $1,750 |
| House | 2 Bedroom | $1,497 | $1,500 | $850 - $2,400 | $1,200 - $1,750 |
| House | 3 Bedroom | $1,764 | $1,780 | $500 - $3,500 | $1,499 - $2,000 |
| House | 4+ Bedroom | $2,445 | $2,397 | $1,475 - $4,800 | $2,000 - $2,695 |
In the current period, the average rent in Sioux Falls was $1,000 for Studio, $1,123 for 1 Bedroom, $1,353 for 2 Bedroom, $1,678 for 3 Bedroom, and $2,213 for 4+ Bedroom.
Data provided by Rentometer, Inc.