Start Free

Section 8 rent in Rapid City, SD

FY2025 HUD Small Area Fair Market Rents for the Rapid City, SD HUD Metro FMR Area, covering 23 ZIP codes.

$1,110Avg 2BR FMR / mo
$1,221Avg 2BR at 110% Standard
23ZIP Codes

Fair market rent by bedroom count

Base SAFMR across all ZIP codes in this market. Housing authorities may set payment standards between 90% and 110% of these rates.

BedroomsLowest ZIPAverageHighest ZIPAvg 110% Standard
Studio$710$760$980$836
1 Bedroom$800$846$1,090$931
2 Bedrooms$1,050$1,110$1,430$1,221
3 Bedrooms$1,440$1,512$1,910$1,663
4 Bedrooms$1,610$1,767$2,330$1,944

Small multifamily Section 8 income

Estimated gross monthly and annual rent for 2-to-4 unit properties, assuming every unit is rented to Section 8 at this market's average fair market rent. Small multifamily is a favorite for long-term buy-and-hold investors stacking stable voucher income across multiple doors.

Property TypeUnit MixGross Monthly RentGross Annual Rent
Duplex2 × 2BR$2,220$26,640
Triplex3 × 2BR$3,330$39,960
Fourplex4 × 2BR$4,440$53,280
Fourplex4 × 3BR$6,048$72,576

Gross scheduled rent before vacancy, maintenance and management. Run any South Dakota multifamily listing through RealG to model it against real operating costs, or try the rental property calculator.

Highest-paying ZIP codes

Top 15 of 23 ZIP codes in this market, ranked by 2-bedroom SAFMR.

ZIP Code1BR2BR3BR4BR
57703 $1,090 $1,430 $1,900 $2,270
57706 $1,070 $1,400 $1,910 $2,330
57725 $940 $1,240 $1,690 $1,890
57719 $880 $1,160 $1,550 $1,860
57702 $870 $1,140 $1,520 $1,810
57709 $860 $1,120 $1,490 $1,780
57730 $850 $1,120 $1,530 $1,710
57791 $840 $1,110 $1,510 $1,830
57718 $830 $1,080 $1,460 $1,840
57744 $810 $1,070 $1,460 $1,670
57745 $820 $1,070 $1,440 $1,700
57553 $800 $1,050 $1,440 $1,610
57701 $800 $1,050 $1,440 $1,770
57732 $800 $1,050 $1,440 $1,610
57750 $800 $1,050 $1,440 $1,610

Quick cash flow check

Free Tool

Estimate monthly cash flow renting to Section 8 at this market's average fair market rent.

Section 8 rent (avg FMR)—
Est. mortgage payment (PITI)—
Est. monthly cash flow—

30-year fixed. Taxes and insurance estimated at 1.5% and 0.5% of price per year. Before vacancy, maintenance and management. For a full itemized analysis, run this market in RealG.

Analyze Real South Dakota Listings Free

Frequently asked questions

How much does Section 8 pay for a 2-bedroom in Rapid City, SD?
For FY2025, the average 2-bedroom Small Area Fair Market Rent in the Rapid City, SD HUD Metro FMR Area is $1,110 per month, ranging from $1,050 to $1,430 depending on ZIP code. Local housing authorities may set payment standards between 90% and 110% of these rates, so the average 2-bedroom payment standard can reach $1,221.
What is a Small Area Fair Market Rent (SAFMR)?
SAFMRs are fair market rents that HUD publishes at the ZIP code level instead of one rate for a whole metro area. They reflect what modest rental housing actually costs in each ZIP, which means higher payment standards in more expensive neighborhoods. Housing choice voucher payments in this market are based on these rates.
Why do rents vary so much between ZIP codes here?
In Rapid City, SD, 2-bedroom SAFMRs run from $1,050 to $1,430 per month. HUD sets each ZIP's rate from local rent data, so neighborhoods with stronger rental markets get higher voucher payment standards. For investors, the spread matters: the same house price can produce very different Section 8 rents a few ZIP codes apart.
How do I find Section 8 investment properties in South Dakota?
RealG searches live listings across South Dakota, runs Section 8 numbers on every property using these HUD rates, and grades each deal A through D against your buying criteria. You can start free with no credit card and see graded deals in this market in minutes.

More South Dakota markets

Aurora County, SD Beadle County, SD Bennett County, SD Bon Homme County, SD Brookings County, SD Brown County, SD Brule County, SD Buffalo County, SD Butte County, SD Campbell County, SD All South Dakota markets →

These are the rents. RealG finds the properties.

Every South Dakota listing analyzed against real HUD rates and graded A–D. The AI agent calls the sellers.

Start Free