HUD publishes Fair Market Rent for 379 ZIP codes across 59 HUD FMR areas in SD. Two-bedroom FMR ranges from $1,010 to $1,820.
| Bedrooms | Average FY2027 FMR |
|---|---|
| Studio | $804 |
| 1 bedroom | $901 |
| 2 bedroom | $1,123 |
| 3 bedroom | $1,479 |
| 4 bedroom | $1,789 |
Across the 379 SD ZIP codes present in both years, the average two-bedroom Fair Market Rent increased from $1,023 to $1,123, a change of +$100 (+9.8%). Payment standards follow FMR, so an increase generally raises the ceiling a voucher can cover in SD.
SD is divided into 59 HUD FMR areas. Each sets its own rent standard, so the ceiling a voucher can cover changes depending on which area a unit sits in.
| FMR Area | ZIP Codes | Avg 2BR | 2BR Range |
|---|---|---|---|
| Rapid City | 4 | $1,510 | $1,420 - $1,750 |
| Meade County | 13 | $1,378 | $1,150 - $1,820 |
| Custer County | 4 | $1,325 | $1,240 - $1,410 |
| Bennett County | 2 | $1,305 | $1,230 - $1,380 |
| Fall River County | 5 | $1,264 | $1,190 - $1,290 |
| Sioux Falls | 32 | $1,233 | $1,050 - $1,570 |
| Potter County | 3 | $1,223 | $1,120 - $1,310 |
| Haakon County | 1 | $1,210 | $1,210 - $1,210 |
| Buffalo County | 3 | $1,207 | $1,090 - $1,410 |
| Edmunds County | 1 | $1,200 | $1,200 - $1,200 |
| Lawrence County | 8 | $1,196 | $1,140 - $1,240 |
| Jackson County | 8 | $1,183 | $1,010 - $1,430 |
| Aurora County | 1 | $1,180 | $1,180 - $1,180 |
| Sanborn County | 9 | $1,158 | $1,030 - $1,410 |
| Butte County | 2 | $1,150 | $1,150 - $1,150 |
| Stanley County | 3 | $1,150 | $1,090 - $1,200 |
| Lake County | 6 | $1,145 | $1,050 - $1,410 |
| Sully County | 6 | $1,142 | $1,060 - $1,260 |
| Walworth County | 7 | $1,136 | $1,010 - $1,270 |
| McPherson County | 8 | $1,135 | $1,010 - $1,400 |
| Perkins County | 7 | $1,119 | $1,010 - $1,320 |
| Codington County | 3 | $1,113 | $1,010 - $1,190 |
| Hamlin County | 10 | $1,109 | $1,010 - $1,320 |
| Grant County | 6 | $1,108 | $1,010 - $1,180 |
| Hand County | 5 | $1,098 | $1,050 - $1,190 |
| Faulk County | 3 | $1,097 | $1,070 - $1,150 |
| Charles Mix County | 6 | $1,097 | $1,010 - $1,430 |
| Beadle County | 3 | $1,093 | $1,010 - $1,150 |
| Spink County | 15 | $1,089 | $1,010 - $1,380 |
| Hanson County | 2 | $1,085 | $1,080 - $1,090 |
| Kingsbury County | 8 | $1,085 | $1,010 - $1,260 |
| Lyman County | 5 | $1,084 | $1,030 - $1,140 |
| Miner County | 7 | $1,083 | $1,010 - $1,160 |
| Roberts County | 16 | $1,081 | $1,010 - $1,220 |
| Bon Homme County | 2 | $1,080 | $1,040 - $1,120 |
| Hyde County | 4 | $1,075 | $1,040 - $1,100 |
| Jones County | 2 | $1,075 | $1,070 - $1,080 |
| Harding County | 8 | $1,074 | $1,010 - $1,280 |
| Ziebach County | 7 | $1,073 | $1,010 - $1,180 |
| Deuel County | 4 | $1,073 | $1,010 - $1,260 |
| Day County | 8 | $1,073 | $1,010 - $1,170 |
| Mellette County | 5 | $1,072 | $1,010 - $1,130 |
| Tripp County | 8 | $1,066 | $1,010 - $1,170 |
| Yankton County | 11 | $1,066 | $1,010 - $1,250 |
| Jerauld County | 3 | $1,063 | $1,010 - $1,090 |
| Dewey County | 6 | $1,062 | $1,010 - $1,110 |
| Todd County | 8 | $1,061 | $1,010 - $1,150 |
| Hutchinson County | 12 | $1,061 | $1,010 - $1,180 |
| Douglas County | 7 | $1,061 | $1,010 - $1,100 |
| Brown County | 11 | $1,059 | $1,010 - $1,230 |
| Campbell County | 3 | $1,057 | $1,040 - $1,070 |
| Moody County | 13 | $1,054 | $1,010 - $1,180 |
| Brookings County | 4 | $1,050 | $1,010 - $1,130 |
| Corson County | 10 | $1,048 | $1,010 - $1,170 |
| Marshall County | 6 | $1,047 | $1,010 - $1,170 |
| Clay County | 5 | $1,044 | $1,010 - $1,070 |
| Clark County | 3 | $1,020 | $1,010 - $1,040 |
| Gregory County | 6 | $1,018 | $1,010 - $1,050 |
| Brule County | 1 | $1,010 | $1,010 - $1,010 |
| ZIP | FMR Area | 2BR FMR |
|---|---|---|
| 57706 | Meade County | $1,820 |
| 57703 | Rapid City | $1,750 |
| 57032 | Sioux Falls | $1,570 |
| 57108 | Sioux Falls | $1,550 |
| 57719 | Meade County | $1,550 |
| 57012 | Sioux Falls | $1,540 |
| 57702 | Meade County | $1,530 |
| 57064 | Sioux Falls | $1,530 |
| 57003 | Sioux Falls | $1,470 |
| 57745 | Rapid City | $1,440 |
| 57709 | Rapid City | $1,430 |
| 57329 | Charles Mix County | $1,430 |
| 57790 | Jackson County | $1,430 |
| 57725 | Rapid City | $1,420 |
| 57312 | Sanborn County | $1,410 |
| 57769 | Meade County | $1,410 |
| 57016 | Lake County | $1,410 |
| 57339 | Buffalo County | $1,410 |
| 57751 | Custer County | $1,410 |
| 57738 | Custer County | $1,400 |
| 57020 | Sioux Falls | $1,400 |
| 57791 | Meade County | $1,400 |
| 57456 | McPherson County | $1,400 |
| 57551 | Bennett County | $1,380 |
| 57436 | Spink County | $1,380 |
| ZIP | FMR Area | 2BR FMR |
|---|---|---|
| 57213 | Deuel County | $1,010 |
| 57621 | Corson County | $1,010 |
| 57261 | Day County | $1,010 |
| 57274 | Day County | $1,010 |
| 57356 | Charles Mix County | $1,010 |
| 57383 | Brule County | $1,010 |
| 57217 | Codington County | $1,010 |
| 57634 | Corson County | $1,010 |
| 57660 | Corson County | $1,010 |
| 57645 | Corson County | $1,010 |
| 57315 | Charles Mix County | $1,010 |
| 57449 | Brown County | $1,010 |
| 57401 | Brown County | $1,010 |
| 57441 | Brown County | $1,010 |
| 57426 | Brown County | $1,010 |
| 57446 | Brown County | $1,010 |
| 57236 | Clark County | $1,010 |
| 57225 | Clark County | $1,010 |
| 57069 | Clay County | $1,010 |
| 57384 | Beadle County | $1,010 |
| 57276 | Brookings County | $1,010 |
| 56136 | Brookings County | $1,010 |
| 57433 | Brown County | $1,010 |
| 57402 | Brown County | $1,010 |
| 57237 | Deuel County | $1,010 |
Fair Market Rent is not what a family pays and not what the voucher pays. The housing authority sets a payment standard from it, normally 90% to 110% of FMR. How voucher amounts are calculated.
Source: US Department of Housing and Urban Development, FY2027 Fair Market Rents.
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