Sage Meadow Apartments & Townhomes
7950 S Bergamot Ave,
Sioux Falls, SD 57108
1-3 Beds | $1,085 - $2,120
Rental Market Trends in Sioux Falls, SD
What is the average rent in Sioux Falls, SD?
$953/month
Average Rent
718 Sq Ft
Average Apartment Size
-1.1%
Decrease in the Last Year
As of January 2025, the average rent in Sioux Falls, SD is $953 per month. This is 39% lower than the national average rent of $1,554/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 $856 per month for a studio, $953 for a one-bedroom apartment, and around $1,140 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,438 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 decreased by 1.1%, which averages out to $10 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2025
Legend
2024
2025
Rent Ranges in Sioux Falls, SD
Last Updated January 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
9%
Below $700/month
43%
$700 - $1,000/month
38%
$1,001 - $1,500/month
8%
$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 $953, you’ll want to make about $3,176 per month or $38,112 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
$826/month
$1,041/month
One Bedroom
$937/month
$1,259/month
Two Bedroom
$1,118/month
$1,876/month
Three Bedroom
$1,429/month
$2,682/month
Nearby City Rent Trends
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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.