PlainRent

Codington County

FY 2026 HUD Fair Market Rents in South Dakota. Population: 28,402.

Fair Market Rents (2026)

Studio
National avg: $893
$747/mo
↑ 8.7% YoY -16% vs US
1 Bedroom
National avg: $959
$825/mo
↑ 8.0% YoY -14% vs US
2 Bedroom
National avg: $1,175
$1,083/mo
↑ 8.1% YoY -8% vs US
3 Bedroom
National avg: $1,525
$1,319/mo
↑ 3.7% YoY -14% vs US
4 Bedroom
National avg: $1,756
$1,605/mo
↑ 0.1% YoY -9% vs US

Year-over-Year Comparison

Bedrooms FY 2025 FY 2026 Change
Studio $687 $747 +$60 (+8.7%)
1 Bedroom $764 $825 +$61 (+8.0%)
2 Bedroom $1,002 $1,083 +$81 (+8.1%)
3 Bedroom $1,272 $1,319 +$47 (+3.7%)
4 Bedroom $1,603 $1,605 +$2 (+0.1%)

Affordability Snapshot

Based on the standard that rent should not exceed 30% of gross income:

Required annual income for 1 BR
$33,000
$2,750/month gross
Required annual income for 2 BR
$43,320
$3,610/month gross

Other Counties in South Dakota

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Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.