RentData

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

Data review: HUD FY2027Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

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 FY2027
Studio
$971
Affordable
1 Bedroom
$1,066
Affordable
2 Bedrooms
$1,395
↑18.0% YoY
Average
3 Bedrooms
$1,662
Expensive
4 Bedrooms
$2,200
Expensive
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Is 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)

To rent a 2BR
$55,800/year
Local median income: $44,569
To buy a median home
—/year
US national median: $75,000
💡 Based on a 2BR rent of $1,395/month and 20% down on a — home at 7% rate.

Nearby Cities in SDlargest metros in the state

CityStudio1BR2BR3BRHome 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

$
Home Value
$350,000
2BR Rent
$1,395/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $2,577/movs rent: $1,395/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

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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🏘️Neighborhoods in Bennett County

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💵Rent Affordability in Bennett County

Salary needed to afford rent here

🗺️All Cities in SD

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📋SD Tenant Rights

Deposit limits, eviction laws & renters protections