Rentometer, Inc. | Data as of 10/22/2025
Sioux Falls boasts a dynamic rental market that blends affordable options with a range of modern amenities, making it an attractive destination for renters of all lifestyles. Apartment seekers can find studios and one‑bedroom units comfortably positioned in the low $1,000s, while two‑ and three‑bedroom apartments typically fall within the $1,200‑$1,600 range. Larger four‑plus bedroom apartments and single‑family homes command higher rates, often exceeding the $2,000 range, providing ample space for growing families or professionals seeking extra room. The city’s housing stock includes both well‑maintained houses and contemporary apartment complexes, ensuring that renters can choose from quiet suburban settings or vibrant downtown living.
Beyond the numbers, Sioux Falls offers an inviting lifestyle anchored by key neighborhoods and attractions. Downtown Sioux Falls features walkable streets, trendy lofts, and easy access to cultural destinations such as the Washington Pavilion and the iconic Falls Park, where the cascading waterfalls create a scenic backdrop for urban living. Family‑friendly areas like Pine Ridge and the historic Sundance neighborhood provide leafy streets and close proximity to top‑rated schools and parks. Outdoor enthusiasts can enjoy the extensive trail network along the Big Sioux River, while the annual SculptureWalk adds a creative flair to the community. Whether you’re drawn to the bustling city core or the tranquil suburbs, Sioux Falls delivers a balanced rental experience with diverse housing choices and a welcoming Midwestern atmosphere.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $932 | $887 | $475 - $1,305 | $825 - $1,128 |
| Apartment | 1 Bedroom | $1,139 | $1,054 | $585 - $2,200 | $900 - $1,268 |
| Apartment | 2 Bedroom | $1,336 | $1,185 | $550 - $3,850 | $1,070 - $1,450 |
| Apartment | 3 Bedroom | $1,593 | $1,471 | $750 - $5,995 | $1,379 - $1,734 |
| House | 2 Bedroom | $1,434 | $1,401 | $899 - $2,400 | $1,195 - $1,625 |
| House | 3 Bedroom | $1,745 | $1,780 | $500 - $3,500 | $1,490 - $1,995 |
| House | 4+ Bedroom | $2,211 | $2,224 | $1,350 - $3,600 | $1,845 - $2,500 |
In the current period, the average rent in Sioux Falls was $923 for Studio, $1,138 for 1 Bedroom, $1,356 for 2 Bedroom, $1,687 for 3 Bedroom, and $2,121 for 4+ Bedroom.
Data provided by Rentometer, Inc.