Sioux Falls ranked among lower-rent metros; South Dakota ranked No. 2 lowest rent state

Sioux Falls and South Dakota have been ranked among the lower-rent places in the U.S.

According to analysis by Construction Coverage, Sioux Falls ranked 310th of 386 U.S. metros by median rent, placing it among the lower-rent end of the ranking. South Dakota earned the No. 2 spot among U.S. states.

“To determine the locations with the highest rent prices, researchers at Construction Coverage calculated a median monthly rent estimate across all rental types in each location,” the release of the rankings said. “This estimate is a weighted average of each location’s median monthly rent price across each rental size category (e.g. studio, one-bedroom, two-bedroom, etc.). The weights used in the calculation were the number of renter-occupied housing units belonging to each size category as reported by the Census Bureau in 2024. In the event of a tie, the location with the greater one-bedroom rent was ranked higher.”

To see how other cities and states compared, click ‘learn more’ below.