County FMR · HUD FY2026
Grant County Fair Market Rent
HUD's FY2026 Fair Market Rent for Grant County, SD - 26% below the US average.
- $708
- 1-bedroom FMR
- $929
- 2-bedroom FMR
- +6.5%
- YoY change
- -26%
- vs US avg
The verdict
Grant is the 14th cheapest of 66 counties in South Dakota by 2-bedroom FMR; nationally it ranks #661 most affordable of 3,145 HUD counties; rent here has climbed 6.5% since FY 2025, a modest shift relative to most counties.
- #661
- most affordable of 3,145 US counties (2BR)
- #14
- cheapest of 66 in South Dakota (2BR)
- -10%
- vs the state average
- $28,320
- income to afford it (30% rule)
General and Operations Managers spend the smallest share of income on rent here (6.4%), while Teaching Assistants, Except Postsecondary spend the most (31.4%); 14 of 15 common occupations here can afford a 1-bedroom at Fair Market Rent without exceeding the 30% threshold.
FY 2026 HUD Fair Market Rent for Grant County, SD. Verify with HUD →
The Fair Market Rent for a 1-bedroom apartment in Grant County, South Dakota is $708 per month in FY 2026, according to the U.S. Department of Housing and Urban Development (HUD). A 2-bedroom costs $929/mo and a studio is $641/mo. This is 26% lower than the national average of $959 and 10% below the South Dakota average of $784.
Rent increased6.5% from FY 2025 ($665), outpacing inflation. The 30% affordability floor is comparatively reachable here at $28,320/year.
Observed renter burden: 30.0% of the 550 renter households counted by ACS paid at least 30% of income in gross rent. This ACS 2023 household measure is distinct from HUD's FY2026 Fair Market Rent benchmark above.
Market slack: The ACS rental vacancy rate here is 1.1%, a tight rental market where HUD's annual FMR schedule can lag what landlords are actually asking.
Local labor market: The county's BLS unemployment rate has averaged 2.9% over the past 12 months, a tight labor market that typically supports steadier rent demand.
FY 2026 HUD Fair Market Rents in South Dakota. Population: 7,533. Population has held roughly steady over the past five years (+4.5%, Census ACS). That's in line with South Dakota's statewide growth of +4.0% over the same period.
FMR filing desk
Area GRANT·COUNTY·SD·SD
Grant County, SD: $708/mo 1BR · #661 of 3145 counties (2BR) · FY2026
- FMR-AREA SD
- 1BR-FMR $708
- 2BR-FMR $929
- RANK-MID #661
- YOY-SURGE +6.5%
- VSUS-LOW -26%
- VS-ST-LOW -10% SD
- INC-ROOM 12%
- POP-SMALL 8K
- PHOTO-NEAR Minnehaha County
- VOUCH-90-110 $637–$779
- FY-2026 FY2026
Photo-finish peer: Minnehaha ($278 1BR gap)
Read with: Section 8 housing guide
Fair Market Rents (2026)
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $598 | $641 | +$43 (+7.2%) |
| 1 Bedroom | $665 | $708 | +$43 (+6.5%) |
| 2 Bedroom | $872 | $929 | +$57 (+6.5%) |
| 3 Bedroom | $1,222 | $1,292 | +$70 (+5.7%) |
| 4 Bedroom | $1,360 | $1,438 | +$78 (+5.7%) |
Rent Burden Analysis
How much of household income goes to rent in Grant County. The 30% threshold indicates cost burden.
How we calculate this
Rent burden = (FMR × 12) ÷ county median household income. Required income = (FMR × 12) ÷ 0.3, the federal 30%-of-gross-income rule HUD uses to define cost burden. Median household income is from the U.S. Census Bureau's American Community Survey; FMR is from HUD's FY2026 release. See methodology.
Where Grant sits among every US county
2-bedroom Fair Market Rent vs. all 3,145 HUD counties
$929 higher than 21% of 3,145 counties
Each bar is a $0.2K-wide band; taller bars hold more counties. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Department of Housing and Urban Development, Fair Market Rents · FY2026
How Grant compares on 1-bedroom rent
1-bedroom FMR vs other South Dakota counties
- Pennington
Pennington County
$1,018 1BR FMR / mo
- Minnehaha
Minnehaha County
$986 1BR FMR / mo
- Lincoln
Lincoln County
$986 1BR FMR / mo
- Meade
Meade County
$970 1BR FMR / mo
- Brookings
Brookings County
$781 1BR FMR / mo
- Grant
Grant County
$708 1BR FMR / mo
- Brown
Brown County
$708 1BR FMR / mo
What this shows Grant is highlighted. Nearby South Dakota counties by 1-bedroom FMR, highest to lowest: Pennington County ($1,018), Minnehaha County ($986), Lincoln County ($986), Meade County ($970), Brookings County ($781), Grant County (this county) ($708), Brown County ($708).
Can Common Jobs Afford Rent Here?
With a below-average 1-bedroom at $708/mo, most of these South Dakota occupations clear, or miss, the 30% affordability line.
| Occupation | SD Salary | Rent Burden | Verdict |
|---|---|---|---|
| General & Operations Managers | $133,440 | 6.4% | Affordable |
| Software Developers | $87,770 | 9.7% | Affordable |
| Accountants & Auditors | $77,310 | 11% | Affordable |
| Registered Nurses | $69,510 | 12.2% | Affordable |
| Police & Sheriff's Patrol Officers | $60,300 | 14.1% | Affordable |
| Electricians | $58,550 | 14.5% | Affordable |
| Paralegals & Legal Assistants | $57,300 | 14.8% | Affordable |
| Heavy & Tractor-Trailer Truck Drivers | $56,880 | 14.9% | Affordable |
| Elementary School Teachers | $49,110 | 17.3% | Affordable |
| Pharmacy Technicians | $43,760 | 19.4% | Affordable |
| Customer Service Representatives | $39,760 | 21.4% | Affordable |
| Retail Salespersons | $34,260 | 24.8% | Affordable |
| Janitors & Cleaners | $33,940 | 25% | Affordable |
| Fast Food & Counter Workers | $29,480 | 28.8% | Affordable |
| Teaching Assistants | $27,020 | 31.4% | Stretched |
Rent Trends (2020–2026)
7-year Fair Market Rent history for Grant County. Shows how HUD rental rates have changed over time.
Over the 6-year span HUD has tracked for Grant (FY 2020-2026), the 1-bedroom Fair Market Rent has risen 23.6% overall, from $573 to $708. The increases have been fairly steady year to year, with no single jump exceeding 9.7% (FY 2024).
| Year | Studio | 1 BR | 2 BR |
|---|---|---|---|
| FY 2026 ↑6.5% | $641 | $708 | $929 |
| FY 2025 ↓3.5% | $598 | $665 | $872 |
| FY 2024 ↑9.7% | $613 | $689 | $905 |
| FY 2023 ↑9.0% | $575 | $628 | $826 |
| FY 2022 ↑3.2% | $542 | $576 | $758 |
| FY 2021 ↓2.6% | $514 | $558 | $735 |
| FY 2020 | $515 | $573 | $755 |
Where Grant County Ranks in South Dakota
Grant County is not part of any federally-designated metropolitan or micropolitan statistical area -- an independent rental market not administratively tied to a larger urban core. By 2-bedroom FMR, it ranks #14 of 66 counties in South Dakota. Nearest by rank: Charles Mix County ($929), Clark County ($929), Clay County ($929), Corson County ($929), Day County ($929), Deuel County ($929), Dewey County ($929), Edmunds County ($929), Grant County (this county) ($929), Gregory County ($929), Hamlin County ($929), Hand County ($929), Hanson County ($929), Hutchinson County ($929), Jackson County ($929), Jones County ($929), Marshall County ($929).
Nationwide peers by 2BR FMR & rent burden
Two PlainRent-derived comparison paths for Grant County, both outside South Dakota so the link neighborhoods are not the same-state geography lattice above. Axes stay disjoint: burden peers exclude the FMR peer set.
Similar 2-bedroom FMR
Nearest HUD 2BR Fair Market Rents outside SD (FY2026).
Similar rent burden
Nearest 2BR FMR as a share of median household income (outside SD).
Nearby Counties in South Dakota
Largest counties by population in South Dakota
Showing the 8 largest of 65 other counties in South Dakota.
Frequently Asked Questions
What is the average rent in Grant County?
The FY 2026 Fair Market Rent for a 1-bedroom in Grant County is $708 per month. A 2-bedroom is $929 and a studio is $641.
How does Grant County rent compare to the national average?
Rent in Grant County is 26% below the national average. A 1-bedroom here costs $708 compared to $959 nationally.
Where does Grant County rank nationally for Fair Market Rent?
According to HUD's FY 2026 Fair Market Rent schedule, Grant County's 2-bedroom FMR of $929 ranks #661 most affordable among 3,145 HUD counties, placing it in the lower-rent quarter of HUD counties.
What income do I need to afford rent in Grant County?
Based on the 30% affordability rule, you need an annual income of at least $28,320 ($2,360/month) to afford a 1-bedroom at Fair Market Rent in Grant County.
Is rent going up or down in Grant County?
The 1-bedroom Fair Market Rent in Grant County increased by 6.5% from FY 2025 to FY 2026, going from $665 to $708.
Which jobs can afford rent in Grant County?
Based on South Dakota BLS salary data and the 30% affordability rule, jobs like General and Operations Managers, Software Developers, Accountants and Auditors can afford a 1-bedroom at $708/mo. 14 of 15 common occupations are affordable here.
How much has rent changed in Grant County over time?
The 1-bedroom Fair Market Rent in Grant County went from $573 in FY 2020 to $708 in FY 2026, a total change of +23.6% over 6 years.
How does Fair Market Rent affect Section 8 vouchers in Grant County?
In Grant County, the FY 2026 FMR of $708/mo for a 1-bedroom sets the baseline that local housing authorities use for Section 8 payment standards.
What does Fair Market Rent mean for Grant County?
For Grant County, it's the specific 40th-percentile rent HUD publishes each year ($708/mo for a 1-bedroom in FY 2026).
Is the rental market tight or loose in Grant County?
The ACS rental vacancy rate here is 1.1%, a tight rental market where HUD's annual FMR schedule can lag what landlords are actually asking.
What is the unemployment rate in Grant County?
The county's BLS unemployment rate has averaged 2.9% over the past 12 months, a tight labor market that typically supports steadier rent demand.
Data sources
What this means for renters
Treat Grant's FY2026 Fair Market Rent as HUD's affordability benchmark, not a single market quote.
- Budget to roughly 30% of income: the FY2026 1-bedroom FMR of $708 implies about $28,320/yr to rent without being cost-burdened. Run your numbers
- South Dakota counties vary widely around this figure - compare specific counties before assuming this applies to yours. Compare vs Minnehaha
- See where Grant ranks nationally on rent. National rankings
Fair Market Rent is HUD's 40th-percentile policy benchmark used to set Housing Choice Voucher payment standards. Actual asking rents can run higher or lower, and HUD updates FMRs once a year. This site is informational and not financial or relocation advice.
Every figure on PlainRent is rendered directly from HUD's published Fair Market Rent records, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of FY 2026.