Spring Creek Luxury Living
1601 E 77th St,
Sioux Falls, SD 57108
Studio - 3 Beds | $880 - $1,930
Rental Market Trends in Sioux Falls, SD
Updated July 2026
The average rent in Sioux Falls, SD is $977/month.
Rent in Sioux Falls is 41% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$977/month
Average Rent
713 Sq Ft
Average Size
+2.4%
Change / Year
2,610
Available Apartments
Sioux Falls rent varies by unit size and layout:
- Studio apartments in Sioux Falls average $869 per month.
- One-bedroom apartments in Sioux Falls average $977 per month.
- Two-bedroom apartments in Sioux Falls average $1,197 per month.
- Three-bedroom apartments in Sioux Falls average $1,514 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Sioux Falls, SD?
In the past year, rent has increased by 2.4%, which averages out to $24 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Sioux Falls, SD
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
8%
Below $700/month
38%
$700 - $1,000/month
40%
$1,001 - $1,500/month
12%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Sioux Falls?
Based on current rent prices, Downtown Sioux Falls is the most affordable neighborhood 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 is the most expensive neighborhood in Sioux Falls.
Neighborhood
Average Rent
Average Sq Ft
Which Sioux Falls neighborhoods have the most rentals available?
The neighborhood in Sioux Falls with the most apartments available is 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 $977, you’ll want to make about $3,256 per month or $39,072 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 24.1% less expensive than the national average, with rent falling between $869 - $1,514. You can expect to pay 4.1% less for groceries, 14.8% less for utilities, and 11.0% 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.
View the Sioux Falls Area GuideStudio
$983/month
$983/month
One Bedroom
$1,282/month
$1,282/month
Two Bedroom
$1,888/month
$1,888/month
Three Bedroom
$3,706/month
$3,706/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Sioux Falls?
The average rent in Sioux Falls is $977 per month, which is 41.3% lower than the national average of $1,663.
What is the average rent for a house in Sioux Falls?
The average rent for a house in Sioux Falls, SD is $1,830 per month.
What is the average rent for a condo in Sioux Falls?
The average rent for a condo in Sioux Falls, SD is $797 per month.
Are rents going up or down in Sioux Falls?
Rents in Sioux Falls, SD are increasing, with prices up 2.4% year-over-year and $24 more per month.
What rent range is most common in Sioux Falls?
In Sioux Falls, SD, 40% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.