Homes & Apartments for Rent in 57108

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What to Know About

Life in Sioux Falls & Beyond

Sioux Falls 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

Sioux Falls, SD

As of June 2026, Sioux Falls's rental market is slow, with high inventory where landlords compete for tenants, often leading to price reductions and lease concessions. Sioux Falls's average rent is 5.4% ($60) higher than the South Dakota average of $1,108 and 35.0% ($629) lower than the U.S. average of $1,797.

Average Rent
$1,168
Monthly ChangeMonth Over Month Change
Decreased0.5% ($6)
Yearly ChangeYear Over Year Change
Decreased1.9% ($23)
Avg. Days on MarketAverage Days on Market
76
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $976 Increased0.3% ($3) Decreased6.9% ($72)
2 Beds $1,211 Decreased0.6% ($7) Decreased0.9% ($11)
3 Beds $1,634 Increased0.3% ($5) Increased9.2% ($137)
Nearby Cities Average Rent Avg. Rent vs. Sioux FallsAverage Rent vs. Sioux Falls Avg. Days on MarketAverage Days on Market
Brandon $986 Decreased15.6% ($182) 39 days
Harrisburg $1,219 Increased4.4% ($51) 43 days
Tea $1,170 Increased0.2% ($2) 44 days
Crooks $1,064 Decreased8.9% ($104) 35 days
Hartford $1,191 Increased2% ($23) 35 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Sioux Falls Rental Market FAQs

Explore rental prices, market trends, and availability in Sioux Falls, SD.

The average rent in Sioux Falls, SD is $1,168 per month.
Homes in Sioux Falls typically rent for between $683 and $2,124 per month, with an average of $1,168 per month.
In Sioux Falls, the average rent for a 1-bedroom home is $976 per month, for a 2-bedroom home, $1,211 per month, and a 3-bedroom home is $1,634 per month.
The average rent in Sioux Falls is 35% ($629) lower than the national average of $1,797 per month.
The average rent in Sioux Falls has decreased by 0.5% ($6) in the last month and decreased by 1.9% ($23) over the past year.
The rental market in Sioux Falls, SD, is currently slow, with high inventory where landlords compete for tenants, often leading to price reductions and lease concessions.
In Sioux Falls, SD, the average rental stays on the market for approximately 76 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 316 rental properties available in Sioux Falls, SD.
Based on the current averages, a household would need an annual income of $48,440 to comfortably afford a 2-bedroom home in Sioux Falls.
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