Minnehaha County
FY 2026 HUD Fair Market Rents in South Dakota. Population: 197,742.
Fair Market Rents (2026)
Studio
National avg: $893
$865/mo
↑ 15.6% YoY
-3% vs US
1 Bedroom
National avg: $959
$986/mo
↑ 11.8% YoY
+3% vs US
2 Bedroom
National avg: $1,175
$1,156/mo
↑ 12.2% YoY
-2% vs US
3 Bedroom
National avg: $1,525
$1,586/mo
↑ 12.3% YoY
+4% vs US
4 Bedroom
National avg: $1,756
$1,939/mo
↑ 12.1% YoY
+10% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $748 | $865 | +$117 (+15.6%) |
| 1 Bedroom | $882 | $986 | +$104 (+11.8%) |
| 2 Bedroom | $1,030 | $1,156 | +$126 (+12.2%) |
| 3 Bedroom | $1,412 | $1,586 | +$174 (+12.3%) |
| 4 Bedroom | $1,730 | $1,939 | +$209 (+12.1%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$39,440
$3,287/month gross
Required annual income for 2 BR
$46,240
$3,853/month gross
Other Counties in South Dakota
Oglala Lakota County
1 BR: $708/mo
Yankton County
1 BR: $811/mo
Douglas County
1 BR: $722/mo
McPherson County
1 BR: $710/mo
Lincoln County
1 BR: $986/mo
Sully County
1 BR: $722/mo
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.