Metro FMR area · SD · HUD FY 2027

Sioux Falls, SD Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Sioux Falls, SD area is $1,228 a month, 3% above the South Dakota average and 30% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 53 ZIP codes range from $1,050 to $1,570.

$1,2282-bedroom FMR+$72 (+6.2%) vs FY 2026
$1,0441-bedroom FMRU.S.: $1,478
$49,120Income for a 2-bedroomat 30% of income
288,560Residents4 counties

Can you afford the Fair Market Rent here?

Uses the common 30%-of-gross-income guideline. Results update as you type and stay in your browser.

Household income ($ per year, before tax)

Default: the income a 2-bedroom here needs at 30%.

Unit size

Rent you can afford at 30% of income$1,228/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Sioux Falls, SD FMR	$1,228	$49,120	–
South Dakota average	$1,187	$47,495	–
U.S. average	$1,761	$70,432	–

Sioux Falls, SD Fair Market Rents, FY 2027 vs FY 2026
Unit	Sioux Falls, SD FY 2027	FY 2026	Change	South Dakota avg	U.S. avg	Income needed
Studio	$941	$865	+$76 (+8.8%)	$862	$1,379	$37,640
1 bedroom	$1,044	$986	+$58 (+5.9%)	$958	$1,478	$41,760
2 bedrooms	$1,228	$1,156	+$72 (+6.2%)	$1,187	$1,761	$49,120
3 bedrooms	$1,694	$1,586	+$108 (+6.8%)	$1,579	$2,266	$67,760
4 bedrooms	$2,053	$1,939	+$114 (+5.9%)	$1,926	$2,607	$82,120

Counties in this FMR area

Counties in the Sioux Falls, SD FMR area
County	Residents in area
Lincoln County, SD	70,638
McCook County, SD	5,751
Minnehaha County, SD	203,289
Turner County, SD	8,882

Small Area FMRs by ZIP code

Small Area FMRs apply to Housing Choice Vouchers where HUD requires them or the housing authority opts in; otherwise the metro FMR above applies. The median ZIP’s 2-bedroom SAFMR is $1,150.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, Sioux Falls, SD
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
57001	$780	$890	$1,050	$1,430	$1,750	+$70 (+7.1%)	14% below
57003	$1,130	$1,250	$1,470	$2,030	$2,460	+$270 (+22.5%)	20% above
57004	$780	$890	$1,070	$1,430	$1,750	+$60 (+5.9%)	13% below
57005	$950	$1,050	$1,240	$1,710	$2,070	+$60 (+5.1%)	1% above
57012	$1,180	$1,310	$1,540	$2,120	$2,570	+$120 (+8.5%)	25% above
57013	$780	$890	$1,050	$1,430	$1,750	+$120 (+12.9%)	14% below
57014	$780	$890	$1,050	$1,430	$1,750	+$120 (+12.9%)	14% below
57015	$800	$890	$1,050	$1,450	$1,760	+$120 (+12.9%)	14% below
57016	$980	$1,080	$1,410	$1,680	$2,360	+$180 (+14.6%)	15% above
57018	$780	$890	$1,050	$1,430	$1,750	+$120 (+12.9%)	14% below
57020	$1,070	$1,190	$1,400	$1,930	$2,340	+$100 (+7.7%)	14% above
57021	$850	$950	$1,110	$1,530	$1,860	−$20 (−1.8%)	10% below
57022	$880	$980	$1,150	$1,590	$1,930	+$60 (+5.5%)	6% below
57027	$800	$890	$1,050	$1,430	$1,750	+$80 (+8.2%)	14% below
57029	$780	$890	$1,050	$1,430	$1,750	+$120 (+12.9%)	14% below
57030	$780	$890	$1,050	$1,430	$1,750	+$80 (+8.2%)	14% below
57032	$1,200	$1,330	$1,570	$2,170	$2,620	+$140 (+9.8%)	28% above
57033	$870	$960	$1,130	$1,560	$1,890	+$30 (+2.7%)	8% below
57034	$790	$890	$1,070	$1,430	$1,750	+$110 (+11.5%)	13% below
57035	$780	$890	$1,050	$1,430	$1,750	+$120 (+12.9%)	14% below
57036	$950	$1,080	$1,260	$1,730	$2,120	−$140 (−10.0%)	3% above
57037	$780	$890	$1,050	$1,430	$1,750	+$90 (+9.4%)	14% below
57039	$850	$940	$1,110	$1,530	$1,860	+$50 (+4.7%)	10% below
57041	$900	$990	$1,160	$1,610	$1,950	+$80 (+7.4%)	6% below
57042	$800	$890	$1,150	$1,430	$1,920	+$190 (+19.8%)	6% below
57043	$780	$890	$1,050	$1,430	$1,750	+$100 (+10.5%)	14% below
57045	$780	$890	$1,050	$1,430	$1,750	+$110 (+11.7%)	14% below
57047	$780	$890	$1,050	$1,430	$1,750	+$120 (+12.9%)	14% below
57048	$780	$890	$1,050	$1,430	$1,750	+$120 (+12.9%)	14% below
57053	$970	$1,070	$1,260	$1,740	$2,110	+$150 (+13.5%)	3% above
57055	$990	$1,090	$1,290	$1,780	$2,150	+$140 (+12.2%)	5% above
57058	$890	$990	$1,160	$1,600	$1,940	+$60 (+5.5%)	6% below
57064	$1,170	$1,300	$1,530	$2,110	$2,560	+$190 (+14.2%)	25% above
57068	$1,000	$1,100	$1,300	$1,790	$2,170	+$80 (+6.6%)	6% above
57070	$780	$890	$1,050	$1,430	$1,750	+$120 (+12.9%)	14% below
57073	$780	$890	$1,050	$1,430	$1,750	+$110 (+11.7%)	14% below
57077	$1,040	$1,160	$1,360	$1,880	$2,270	+$130 (+10.6%)	11% above
57101	$900	$990	$1,170	$1,610	$1,960	+$60 (+5.4%)	5% below
57103	$880	$980	$1,150	$1,590	$1,920	+$50 (+4.5%)	6% below
57104	$860	$950	$1,120	$1,550	$1,870	+$90 (+8.7%)	9% below
57105	$900	$990	$1,170	$1,610	$1,960	+$60 (+5.4%)	5% below
57106	$1,000	$1,110	$1,300	$1,790	$2,170	+$100 (+8.3%)	6% above
57107	$1,010	$1,120	$1,320	$1,820	$2,210	+$80 (+6.5%)	7% above
57108	$1,190	$1,320	$1,550	$2,140	$2,590	+$50 (+3.3%)	26% above
57109	$900	$990	$1,170	$1,610	$1,960	+$60 (+5.4%)	5% below
57110	$970	$1,080	$1,270	$1,750	$2,120	+$60 (+5.0%)	3% above
57117	$900	$990	$1,170	$1,610	$1,960	+$60 (+5.4%)	5% below
57118	$900	$990	$1,170	$1,610	$1,960	+$60 (+5.4%)	5% below
57197	$900	$990	$1,170	$1,610	$1,960	+$60 (+5.4%)	5% below
57319	$780	$890	$1,050	$1,430	$1,750	+$60 (+6.1%)	14% below
57321	$780	$890	$1,060	$1,430	$1,750	+$80 (+8.2%)	14% below
57332	$780	$900	$1,050	$1,430	$1,750	+$120 (+12.9%)	14% below
57374	$800	$940	$1,080	$1,490	$1,760	+$70 (+6.9%)	12% below

Sources

U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).

Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.