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What to Know About
Living in South Dakota
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
South Dakota
As of July 2025, South Dakota's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. South Dakota's average rent is 35.4% ($628) lower than the U.S. average of $1,775.
Average Rent
$1,147
Monthly ChangeMonth Over Month Change
0.7% ($8)
Yearly ChangeYear Over Year Change
5.7% ($69)
Avg. Days on MarketAverage Days on Market
32
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,002 | 0.7% ($7) | 0.8% ($8) |
| 2 Beds | $1,229 | 0.5% ($6) | 0.3% ($4) |
| 3 Beds | $1,551 | 2.2% ($34) | 2.2% ($35) |
| Top Markets in South Dakota | Average Rent | Avg. Rent vs. SDAverage Rent vs. South Dakota | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Sioux Falls | $1,209 | 5.4% ($62) | 38 days |
| Rapid City | $1,175 | 2.4% ($28) | 29 days |
| Mitchell | $857 | 25.3% ($290) | 36 days |
| Tea | $1,245 | 8.5% ($98) | 44 days |
| Harrisburg | $1,126 | 1.8% ($21) | 43 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
South Dakota Rental Market FAQs
Explore rental prices, market trends, and availability in South Dakota.
The average rent in South Dakota is $1,147 per month.
Homes in South Dakota typically rent for between $701 and $2,016 per month, with an average of $1,147 per month.
In South Dakota, the average rent for a 1-bedroom home is $1,002 per month, for a 2-bedroom home, $1,229 per month, and a 3-bedroom home is $1,551 per month.
The average rent in South Dakota is 35.4% ($628) lower than the national average of $1,775 per month.
The average rent in South Dakota has decreased by 0.7% ($8) in the last month and decreased by 5.7% ($69) over the past year.
The rental market in South Dakota, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In South Dakota, the average rental stays on the market for approximately 32 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
Based on the current averages, a household would need an annual income of $49,160 to comfortably afford a 2-bedroom home in South Dakota.
