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.
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.
What these rents mean for Grant County
HUD publishes one FMR schedule per FMR area (often the county). Local housing authorities use it as the Section 8 Housing Choice Voucher payment-standard baseline. See how FMR is calculated.
According to HUD's FY 2026 Fair Market Rent schedule, Grant County's 2-bedroom of $929 ranks #661 most affordable of 3,145 US counties, in the lower-rent quarter of HUD counties.
This is a below-average rent market: 1-bedroom FMR is 26% under the US average of $959 and 10% below South Dakota's $784. HUD's 1-bedroom figure shifted from $665 (FY 2025) to $708 (FY 2026), a +6.5% move that still leaves this county below the US mid-point.
A 1-bedroom at $708 needs $28,320/year under the 30% rule against a county median of $73,818, and the median household clears that line with room to spare. A 2-bedroom at $929 is the next step up.
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%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
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).
Nearby Counties in South Dakota
Largest counties by population in South Dakota
Frequently Asked Questions
What is the average rent in Grant County? ▼
How does Grant County rent compare to the national average? ▼
Where does Grant County rank nationally for Fair Market Rent? ▼
What income do I need to afford rent in Grant County? ▼
Is rent going up or down in Grant County? ▼
Which jobs can afford rent in Grant County? ▼
How much has rent changed in Grant County over time? ▼
How does Fair Market Rent affect Section 8 vouchers in Grant County? ▼
What does Fair Market Rent mean for Grant County? ▼
What this means for renters
Treat Grant's FY2026 Fair Market Rent as HUD's affordability benchmark, not a 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
- Compare this county against nearby metros and states before signing a lease. Compare areas
- See where it sits on the national rent map. View rankings
Fair Market Rent is HUD's 40th-percentile policy benchmark used to set Housing Choice Voucher payment standards. Actual asking rents in Grant can run higher or lower, and HUD updates FMRs once a year. This page is informational and not financial or relocation advice.
Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the U.S. Census Bureau and HUD Fair Market Rents. Consult a qualified professional before making decisions based on this data.
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.