Maple Rock Reserve
3100 E Autumn Blaze St,
Sioux Falls, SD 57108
Studio - 3 Beds | $660 - $1,300
Rental Market Trends in Sioux Falls, SD
What is the average rent in Sioux Falls, SD?
$958/month
Average Rent
719 Sq Ft
Average Apartment Size
+0.2%
Increase in the Last Year
As of December 2024, the average rent in Sioux Falls, SD is $958 per month. This is 39% lower than the national average rent of $1,560/month, making renting in Sioux Falls more affordable than most cities in the US. When you rent an apartment in Sioux Falls, you can expect to pay about $864 per month for a studio, $958 for a one-bedroom apartment, and around $1,149 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,447 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Sioux Falls, SD?
In the past year, rent has increased by 0.2%, which averages out to $3 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Sioux Falls, SD
Last Updated December 2024
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
9%
Below $700/month
42%
$700 - $1,000/month
38%
$1,001 - $1,500/month
9%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Sioux Falls?
Based on current rent prices, Sioux Falls and Downtown Sioux Falls" are the most affordable neighborhoods in Sioux Falls.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Sioux Falls?
Based on current rent prices, Downtown Sioux Falls and Sioux Falls" are the most expensive neighborhoods in Sioux Falls.
Neighborhood
Average Rent
Average Sq Ft
Which Sioux Falls neighborhoods have the most rentals available?
The neighborhoods in Sioux Falls with the most apartments available are Sioux Falls and Downtown Sioux Falls" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Sioux Falls, SD?
Because the average rent in Sioux Falls is $958, you’ll want to make about $3,193 per month or $38,316 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Sioux Falls, SD compare to other nearby cities and neighborhoods?
Use the tool below to compare Sioux Falls, SD to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$836/month
$1,039/month
One Bedroom
$942/month
$1,264/month
Two Bedroom
$1,126/month
$1,900/month
Three Bedroom
$1,438/month
$2,690/month
Nearby City Rent Trends
Apartment communities in Sioux Falls we think you'll love
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72
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9,890
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35
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Bender Midwest Properties
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Elevate Living Property Management
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41
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6,776
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11
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Thies & Talle
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35
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2,470
Units
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23
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7 Communities in Sioux Falls
Cornerstone Residential
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94
Communities
-
12,164
Units
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45
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Campbell Properties
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57
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.