Homes for Rent in Sioux Falls, SD

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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 February 2026, Sioux Falls's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Sioux Falls's average rent is 0.8% ($10) higher than the South Dakota average of $1,214 and 30.2% ($529) lower than the U.S. average of $1,753.

Average Rent
$1,224
Monthly ChangeMonth Over Month Change
Decreased0.7% ($9)
Yearly ChangeYear Over Year Change
Increased2.9% ($35)
Avg. Days on MarketAverage Days on Market
38
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $958 Increased3.9% ($36) Decreased1.8% ($18)
2 Beds $1,232 Decreased1.3% ($16) Increased5.1% ($60)
3 Beds $1,557 Increased1.6% ($24) Increased8.6% ($123)
Nearby Cities Average Rent Avg. Rent vs. Sioux FallsAverage Rent vs. Sioux Falls Avg. Days on MarketAverage Days on Market
Brandon $1,440 Increased17.6% ($216) 39 days
Harrisburg $1,190 Decreased2.8% ($34) 43 days
Tea $1,455 Increased18.9% ($231) 44 days
Hartford $1,159 Decreased5.3% ($65) 35 days
Canton $785 Decreased35.9% ($439) 47 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 $1,224 per month.
Homes in Sioux Falls typically rent for between $671 and $2,024 per month, with an average of $1,224 per month.
In Sioux Falls, the average rent for a 1-bedroom home is $958 per month, for a 2-bedroom home, $1,232 per month, and a 3-bedroom home is $1,557 per month.
The average rent in Sioux Falls is 30.2% ($529) lower than the national average of $1,753 per month.
The average rent in Sioux Falls has decreased by 0.7% ($9) in the last month and increased by 2.9% ($35) over the past year.
The rental market in Sioux Falls, SD, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Sioux Falls, SD, the average rental stays on the market for approximately 38 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 371 rental properties available in Sioux Falls, SD.
Based on the current averages, a household would need an annual income of $49,280 to comfortably afford a 2-bedroom home in Sioux Falls.
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