Sioux Falls, SD Rental Market Trends

Last updated: August 01, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Average rent in Sioux Falls, SD

Last updated: August 01, 2026

Sioux Falls, SD rent trends

Rental prices in Sioux Falls, SD have increased by 2.39% over the past year. The average rent moved from $1,143 to $1,170.

What's the typical rent budget in Sioux Falls, SD?

The largest share of rentals in Sioux Falls, SD (50%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Sioux Falls, SD?

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Average Rent in Sioux Falls, SD By Neighborhood

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Sioux Falls | Rent Comparison by Neighborhood

Neighborhood
vs.

Rent in Copper Creek is 47% higher than in Cottonwood Heights

$1,341

Copper Creek rent is 15% higher than Sioux Falls average

Average Rent $1,341
$914

Cottonwood Heights rent is 22% lower than Sioux Falls average

Average Rent $914

How Sioux Falls Compares to Other Cities

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Sioux Falls apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.