Foss Fields Ascent
1001 N Highline Ave,
Sioux Falls, SD 57110
$865 - $1,365
1-3 Beds
Rental Market Trends in Sioux Falls, SD
What is the average rent in Sioux Falls, SD?
$974/month
Average Rent
713 Sq Ft
Average Apartment Size
+1.6%
Increase in the Last Year
As of March 2026, the average rent in Sioux Falls, SD is $974 per month. This is 40% lower than the national average rent of $1,627/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 $863 per month for a studio, $974 for a one-bedroom apartment, and around $1,187 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,502 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 1.6%, which averages out to $16 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 March 2026
Legend
2025
2026
Rent Ranges in Sioux Falls, SD
Last Updated March 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
8%
Below $700/month
39%
$700 - $1,000/month
41%
$1,001 - $1,500/month
10%
$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, Platinum Ridge and Split Rock Heights 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, Summer Hill South and Marion Manor .
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 $974, you’ll want to make about $3,246 per month or $38,952 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 12.5% lower than the national average. Generally, housing in Sioux Falls is 24.5% less expensive than the national average, with rent falling between $863 - $1,502. You can expect to pay 4.2% less for groceries, 15.8% less for utilities, and 11.2% 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
-
$939/month
One Bedroom
-
$1,222/month
Two Bedroom
-
$1,790/month
Three Bedroom
-
$3,317/month
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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 February 2026.
* Percentages may not total 100 due to rounding.