Average Rent in Codington County, SD↓ Rents falling 4.8% YoY🔺 9th priciest in SD
HUD FY2025 · Official government data · Updated annually · Metro pop. 28,556
Market Overview
Codington County, SD has rental prices ranging from $687/month to $1,603/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $764/month — 45% below the national average of $1,400/month. With a median household income of $65,080/year, spending $764/month on a 1-bedroom represents 14% of gross income — within the recommended 30% threshold.
How Codington County Compares
With an average 2-bedroom rent of $1,002/month, Codington County ranks #9 most expensive of the 64 cities tracked in South Dakota — pricier than 65% of all US cities in our data.
The Codington County Rental Market
The Codington County, SD area has a population of about 28,556 and 33% of households renting rather than owning. That is close to the US average renter share of ~34%.
Rent Trends
2-bedroom rents in Codington County, SD have fallen by $51/month (4.8%) over the past year, from $1,053 to $1,002. This slight decline is consistent with broader market corrections seen across US rental markets.
Affordability
To afford a 1-bedroom apartment in Codington County, SD without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $30,560. The local median household income of $65,080 exceeds that threshold by $34,520, making Codington County relatively accessible compared to local wages.
Economy & Jobs
Codington County, SD has an unemployment rate of 1.7%, 2.2 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 FY2025Is Codington 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 | $748 | $882 | $1,030 | $1,412 | — |
| Rapid City | $767 | $856 | $1,119 | $1,490 | — |
| Brown County | $672 | $676 | $872 | $1,218 | — |
| Brookings County | $761 | $765 | $923 | $1,293 | — |
| Meade County | $751 | $835 | $1,095 | $1,506 | — |
| Lawrence County | $660 | $734 | $963 | $1,349 | — |
Rent or Buy in Codington County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Codington County data
Buying breaks even after 4 years — worth it if you stay 4+ years.
Living in Codington County
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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Compare rent & home prices by neighborhood
💵Rent Affordability in Codington CountySalary needed to afford rent here
🗺️All Cities in SDSee how Codington County ranks statewide
⚖️Compare Codington CountySide-by-side rent & cost of living with any city
📋SD Tenant RightsDeposit limits, eviction laws & renters protections