Average Rent in Bennett County, SD↑ Rents rising 18.0% YoY🔺 3rd priciest in SD
HUD FY2027 · Official government data · Updated annually · Metro pop. 3,354
Market Overview
Bennett County, SD has rental prices ranging from $971/month to $2,200/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,066/month — 24% below the national average of $1,400/month. With a median household income of $44,569/year, spending $1,066/month on a 1-bedroom represents 29% of gross income — within the recommended 30% threshold.
How Bennett County Compares
With an average 2-bedroom rent of $1,395/month, Bennett County ranks #3 most expensive of the 64 cities tracked in South Dakota — pricier than 86% of all US cities in our data.
The Bennett County Rental Market
The Bennett County, SD area has a population of about 3,354 and 42% of households renting rather than owning. That renter share runs above the US average of ~34%, pointing to a competitive rental market where vacancies clear quickly and rents are less negotiable.
Rent Trends
2-bedroom rents in Bennett County, SD have risen by $213/month (18.0%) over the past year, from $1,182 to $1,395. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.
Affordability
To afford a 1-bedroom apartment in Bennett County, SD without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $42,640. The local median household income of $44,569 exceeds that threshold by $1,929, making Bennett County relatively accessible compared to local wages.
Economy & Jobs
Bennett County, SD has an unemployment rate of 2.0%, 1.9 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.
Fair Market Rents
HUD FY2027Is Bennett County, SD Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in SDlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| Sioux Falls | $941 | $1,044 | $1,228 | $1,694 | — |
| Rapid City | $996 | $1,093 | $1,430 | $1,833 | — |
| Brown County | $706 | $775 | $1,014 | $1,283 | — |
| Brookings County | $853 | $858 | $1,066 | $1,476 | — |
| Meade County | $945 | $1,037 | $1,357 | $1,879 | — |
| Codington County | $871 | $943 | $1,233 | $1,504 | — |
Rent or Buy in Bennett County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Bennett County data
Buying breaks even after 1 year — worth it if you stay 1+ years.
Living in Bennett County
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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💵Rent Affordability in Bennett CountySalary needed to afford rent here
🗺️All Cities in SDSee how Bennett County ranks statewide
⚖️Compare Bennett CountySide-by-side rent & cost of living with any city
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