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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 Brookings & Beyond
Brookings 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
Brookings, SD
As of June 2026, Brookings's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Brookings's average rent is 2.8% ($31) higher than the South Dakota average of $1,108 and 36.6% ($658) lower than the U.S. average of $1,797.
Average Rent
$1,139
Monthly ChangeMonth Over Month Change
3.5% ($39)
Yearly ChangeYear Over Year Change
25.7% ($233)
Avg. Days on MarketAverage Days on Market
35
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $968 | 3.4% ($32) | 29.4% ($220) |
| 2 Beds | $1,188 | 3.6% ($41) | 29% ($267) |
| 3 Beds | $1,656 | 0.8% ($14) | 51.5% ($563) |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Brookings Rental Market FAQs
Explore rental prices, market trends, and availability in Brookings, SD.
The average rent in Brookings, SD is $1,139 per month.
Homes in Brookings typically rent for between $678 and $2,153 per month, with an average of $1,139 per month.
In Brookings, the average rent for a 1-bedroom home is $968 per month, for a 2-bedroom home, $1,188 per month, and a 3-bedroom home is $1,656 per month.
The average rent in Brookings is 36.6% ($658) lower than the national average of $1,797 per month.
The average rent in Brookings has increased by 3.5% ($39) in the last month and increased by 25.7% ($233) over the past year.
The rental market in Brookings, SD, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Brookings, SD, the average rental stays on the market for approximately 35 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 14 rental properties available in Brookings, SD.
Based on the current averages, a household would need an annual income of $47,520 to comfortably afford a 2-bedroom home in Brookings.
