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How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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What to Know About
Life in Brandon & Beyond
Brandon shares many of the great qualities that make South Dakota a desirable place to live.
South Dakota combines natural wonders, rich history, and irresistible charm. Dive into the state's fascinating heritage through its cultural landmarks and historical sites, such as the captivating South Dakota Cultural Heritage Center and the legendary Museum of the American Bison, or opt to further your education at world-renowned institutions such as South Dakota State University and the University of South Dakota. South Dakota's economy thrives on agriculture, tourism, and manufacturing.
Sports lovers will be in paradise with various seasonal activities such as skiing, snowboarding, and snowmobiling in the winter and golfing, camping, fishing, and hiking in the summer. Also, discover iconic attractions like the world-famous Mount Rushmore National Memorial, the awe-inspiring Dinosaur Park, the rugged Badlands National Park, the enchanting Black Hills National Forest, and the historic city of Deadwood.
With its stunning natural beauty and robust economy, South Dakota is the ideal destination for those who seek outdoor recreation and an unparalleled western experience. So get ready to be enchanted by South Dakota's irresistible charm, pristine landscapes, and unbeatable quality of life. South Dakota is an excellent place for those who want to live their best lives.
Rental Market Trends
Brandon, SD
As of June 2026, Brandon's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Brandon's average rent is 11.0% ($122) lower than the South Dakota average of $1,108 and 45.1% ($811) lower than the U.S. average of $1,797.
Average Rent
$986
Monthly ChangeMonth Over Month Change
3% ($30)
Yearly ChangeYear Over Year Change
1.2% ($12)
Avg. Days on MarketAverage Days on Market
39
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $857 | 3.1% ($27) | 0.9% ($8) |
| 2 Beds | $1,089 | 0.2% ($2) | 2.2% ($24) |
| 3 Beds | $1,434 | 1.4% ($21) | 0.3% ($4) |
| Nearby Cities | Average Rent | Avg. Rent vs. BrandonAverage Rent vs. Brandon | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Sioux Falls | $1,168 | 18.5% ($182) | 38 days |
| Garretson | $1,116 | 13.2% ($130) | 38 days |
| Harrisburg | $1,219 | 23.6% ($233) | 43 days |
| Crooks | $1,064 | 7.9% ($78) | 35 days |
| Luverne | $1,002 | 1.6% ($16) | 42 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Brandon Rental Market FAQs
Explore rental prices, market trends, and availability in Brandon, SD.
The average rent in Brandon, SD is $986 per month.
Apartments in Brandon typically rent for between $600 and $1,864 per month, with an average of $986 per month.
In Brandon, the average rent for a 1-bedroom apartment is $857 per month, for a 2-bedroom apartment, $1,089 per month, and a 3-bedroom apartment is $1,434 per month.
The average rent in Brandon is 45.1% ($811) lower than the national average of $1,797 per month.
The average rent in Brandon has decreased by 3.0% ($30) in the last month and decreased by 1.2% ($12) over the past year.
The rental market in Brandon, SD, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Brandon, SD, the average rental stays on the market for approximately 39 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 11 rental properties available in Brandon, SD.
Based on the current averages, a household would need an annual income of $43,560 to comfortably afford a 2-bedroom apartment in Brandon.
