Sage Meadow Apartments & Townhomes
7950 S Bergamot Ave,
Sioux Falls, SD 57108
1-2 Beds | $1,180 - $1,845
Rental Market Trends in Sioux Falls, SD
What is the average rent in Sioux Falls, SD?
$962/month
Average Rent
717 Sq Ft
Average Apartment Size
-0.4%
Decrease in the Last Year
As of July 2025, the average rent in Sioux Falls, SD is $962 per month. This is 41% lower than the national average rent of $1,637/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 $862 per month for a studio, $962 for a one-bedroom apartment, and around $1,165 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,487 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 0.4%, which averages out to $3 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 July 2025
Legend
2024
2025
Rent Ranges in Sioux Falls, SD
Last Updated July 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
10%
Below $700/month
39%
$700 - $1,000/month
39%
$1,001 - $1,500/month
11%
$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, Westmoor, Beverly Gardens and Prairie Gardens 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, Sunny View East and Whispering Woods 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 Downtown Sioux Falls, Aspen Heights and Summer Hill South .
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 $962, you’ll want to make about $3,206 per month or $38,472 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.
Cost of Living
The cost of living in Sioux Falls, SD is 9.0% lower than the national average. Generally, housing in Sioux Falls is 11.3% less expensive than the national average, with rent falling between $862 - $1,487. You can expect to pay 3.6% less for groceries, 8.7% less for utilities, and 10.0% less for transportation.
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
-
$1,043/month
One Bedroom
-
$1,254/month
Two Bedroom
-
$1,841/month
Three Bedroom
-
$3,248/month
Nearby City Rent Trends
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Thies & Talle
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.
* Percentages may not total 100 due to rounding.