Fair market rents · FY 2027 · effective October 1, 2026
South Dakota fair market rents, FY 2027
The 2-bedroom Fair Market Rent in the median South Dakota county is $1,033 a month for FY 2027, from $1,014 to $1,430 across the state. The typical county moved +9.1% from FY 2026 and +33.9% over five years; weighted by population, the state average moved +8.9%. The most populous HUD area, Sioux Falls, SD, is at $1,228 for a 2-bedroom.
FMRs are HUD's estimate of the 40th percentile gross rent (rent plus utilities) paid by recent movers into standard-quality units. Housing agencies set voucher payment standards from them. Source: HUD FY 2027 FMR file, 91 FR 56156 (published September 1, 2026). This site is not HUD.
| FY | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2BR | $738 | $747 | $798 | $793 | $806 | $839 | $910 | $1,022 | $983 | $1,090 | $1,187 |
Every HUD rent area in South Dakota, FY 2027
63 HUD FMR areas cover 66 counties; 5 are metro areas. Monthly gross rent by bedroom count. The trend line is the 2-bedroom FMR from FY 2017 to FY 2027 for the most populous member.
Biggest one-year move up: Grant County, SD, +26.9%. Biggest move down: Sioux City, IA-NE-SD, +3.5%. HUD caps a one-year drop at 10%.
| HUD area | Studio | 1BR | 2BR | 3BR | 4BR | 1 yr | 5 yr | FY17 to FY27 |
|---|---|---|---|---|---|---|---|---|
| Aurora County | 706 | 842 | 1,014 | 1,404 | 1,599 | +9.1% | +33.9% | |
| Beadle County | 759 | 833 | 1,090 | 1,440 | 1,705 | +14.1% | +44.0% | |
| Bennett County | 971 | 1,066 | 1,395 | 1,662 | 2,200 | +18.0% | +84.3% | |
| Bon Homme County | 706 | 838 | 1,014 | 1,404 | 1,695 | +9.1% | +33.9% | |
| Brookings County | 853 | 858 | 1,066 | 1,476 | 1,782 | +11.9% | +33.2% | |
| Brown County | 706 | 775 | 1,014 | 1,283 | 1,584 | +9.1% | +31.3% | |
| Brule County | 717 | 787 | 1,030 | 1,426 | 1,501 | +10.9% | +36.1% | |
| Buffalo County | 981 | 1,077 | 1,409 | 1,679 | 2,222 | +17.0% | +86.1% | |
| Butte County | 890 | 977 | 1,278 | 1,523 | 2,015 | +16.3% | +52.9% | |
| Campbell County | 706 | 815 | 1,014 | 1,404 | 1,599 | +9.1% | +33.9% | |
| Charles Mix County | 894 | 895 | 1,014 | 1,404 | 1,695 | +9.1% | +33.9% | |
| Clark County | 706 | 931 | 1,014 | 1,211 | 1,599 | +9.1% | +33.9% | |
| Clay County | 712 | 821 | 1,022 | 1,415 | 1,708 | +10.0% | +30.2% | |
| Codington County | 871 | 943 | 1,233 | 1,504 | 1,715 | +13.9% | +55.9% | |
| Corson County | 706 | 775 | 1,014 | 1,372 | 1,537 | +9.1% | +33.9% | |
| Custer County | 865 | 949 | 1,242 | 1,720 | 2,076 | +5.9% | +27.6% | |
| Davison County | 757 | 831 | 1,087 | 1,505 | 1,817 | +16.1% | +37.6% | |
| Day County | 706 | 858 | 1,014 | 1,404 | 1,599 | +9.1% | +33.9% | |
| Deuel County | 706 | 827 | 1,014 | 1,404 | 1,599 | +9.1% | +33.9% | |
| Dewey County | 706 | 878 | 1,014 | 1,308 | 1,344 | +9.1% | +33.9% | |
| Douglas County | 741 | 813 | 1,064 | 1,368 | 1,678 | +12.2% | +27.0% | |
| Edmunds County | 757 | 831 | 1,087 | 1,423 | 1,429 | +17.0% | +43.6% | |
| Fall River County | 898 | 985 | 1,289 | 1,616 | 2,033 | +11.9% | +51.1% | |
| Faulk County | 736 | 808 | 1,057 | 1,359 | 1,667 | +11.3% | +39.6% | |
| Grant County | 821 | 901 | 1,179 | 1,405 | 1,859 | +26.9% | +55.5% | |
| Gregory County | 706 | 856 | 1,014 | 1,404 | 1,599 | +9.1% | +33.9% | |
| Haakon County | 741 | 813 | 1,064 | 1,368 | 1,678 | +12.2% | +40.2% | |
| Hamlin County | 706 | 775 | 1,014 | 1,334 | 1,337 | +9.1% | +33.9% | |
| Hand County | 706 | 820 | 1,014 | 1,304 | 1,599 | +9.1% | +33.9% | |
| Hanson County | 706 | 911 | 1,014 | 1,404 | 1,599 | +9.1% | +33.9% | |
| Harding County | 741 | 813 | 1,064 | 1,368 | 1,678 | +12.2% | +23.1% | |
| Hughes County | 900 | 986 | 1,194 | 1,461 | 1,837 | +15.5% | +49.8% | |
| Hutchinson County | 706 | 775 | 1,014 | 1,328 | 1,333 | +9.1% | +26.4% | |
| Hyde County | 706 | 775 | 1,014 | 1,404 | 1,599 | +7.0% | +33.9% | |
| Jackson County | 706 | 775 | 1,014 | 1,304 | 1,599 | +9.1% | +33.9% | |
| Jerauld County | 741 | 813 | 1,064 | 1,368 | 1,678 | +12.2% | +40.6% | |
| Jones County | 706 | 775 | 1,014 | 1,304 | 1,599 | +9.1% | +33.6% | |
| Kingsbury County | 721 | 792 | 1,036 | 1,234 | 1,634 | +8.9% | +36.9% | |
| Lake County | 804 | 882 | 1,154 | 1,375 | 1,929 | +19.0% | +52.4% | |
| Lawrence County | 841 | 923 | 1,207 | 1,671 | 2,017 | +15.4% | +57.0% | |
| Lyman County | 756 | 830 | 1,086 | 1,294 | 1,713 | +15.5% | +43.5% | |
| Marshall County | 706 | 775 | 1,014 | 1,384 | 1,599 | +9.1% | +33.9% | |
| McPherson County | 706 | 775 | 1,014 | 1,304 | 1,599 | +9.1% | +33.9% | |
| Meade County | 945 | 1,037 | 1,357 | 1,879 | 2,268 | +6.6% | +48.1% | |
| Mellette County | 741 | 813 | 1,064 | 1,368 | 1,678 | +12.2% | +40.6% | |
| Miner County | 706 | 775 | 1,014 | 1,304 | 1,599 | +9.1% | +33.9% | |
| Moody County | 706 | 817 | 1,014 | 1,347 | 1,694 | +9.1% | +33.9% | |
| Oglala Lakota County | 706 | 775 | 1,014 | 1,404 | 1,599 | +9.1% | +33.9% | |
| Perkins County | 717 | 787 | 1,030 | 1,229 | 1,624 | +10.9% | +36.1% | |
| Potter County | 909 | 998 | 1,305 | 1,678 | 2,058 | +22.3% | +72.4% | |
| Rapid City | 996 | 1,093 | 1,430 | 1,833 | 2,390 | +7.0% | +56.3% | |
| Roberts County | 706 | 846 | 1,014 | 1,339 | 1,695 | +9.1% | +33.9% | |
| Sanborn County | 706 | 931 | 1,014 | 1,404 | 1,599 | +9.1% | +33.9% | |
| Sioux City, IA-NE-SD | 831 | 965 | 1,194 | 1,447 | 1,618 | +3.5% | +37.2% | |
| Sioux FallsLincoln, McCook, Minnehaha, Turner | 941 | 1,044 | 1,228 | 1,694 | 2,053 | +6.2% | +36.9% | |
| Spink County | 706 | 835 | 1,014 | 1,208 | 1,695 | +9.1% | +33.9% | |
| Stanley County | 837 | 919 | 1,202 | 1,545 | 1,896 | +16.2% | +42.8% | |
| Sully County | 741 | 813 | 1,064 | 1,368 | 1,678 | +12.2% | +40.2% | |
| Todd County | 706 | 892 | 1,014 | 1,404 | 1,599 | +9.1% | +33.9% | |
| Tripp County | 706 | 775 | 1,014 | 1,371 | 1,599 | +9.1% | +33.9% | |
| Walworth County | 813 | 1,072 | 1,167 | 1,390 | 1,750 | +19.1% | +54.2% | |
| Yankton County | 707 | 900 | 1,016 | 1,407 | 1,602 | +9.4% | +34.2% | |
| Ziebach County | 706 | 775 | 1,014 | 1,325 | 1,420 | +9.1% | +33.9% |
Dollars per month, FY 2027 file as published September 1, 2026; rows marked R show FY 2026. "1 yr" compares the FY 2027 2BR with FY 2026, "5 yr" with FY 2022. HUD's methods changed over these years, so part of any move is method, not market. Area names are HUD's.
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We'll write once when HUD publishes FY 2028 Fair Market Rents, or revised FY 2027 figures, for your ZIP's HUD area in South Dakota. HUD's FY 2028 starts October 1, 2027.
Using these numbers on a rental
The FMR sets the range for voucher payments; it is not a rent estimate for your unit. A housing agency picks a payment standard between 90% and 110% of it, then checks your asking rent against similar unassisted units nearby. Both figures cover rent plus utilities, so the agency's allowance for any utilities the tenant pays comes off the top.
Take a 2-bedroom at $1,033, a payment standard at 100% of FMR, and a $150 utility allowance (an example; each agency publishes its own schedule). Then the voucher can cover a contract rent of up to $883 ($1,033 minus $150), with the tenant paying the usual 30% of income. How to underwrite with FMR works through the rest.