Average Rent in Hyde County, SD↓ Rents falling 6.5% YoY
HUD FY2025 · Official government data · Updated annually · Metro pop. 1,305
Market Overview
Hyde County, SD has rental prices ranging from $620/month to $1,410/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $689/month — 51% below the national average of $1,400/month. With a median household income of $74,279/year, spending $689/month on a 1-bedroom represents 11% of gross income — within the recommended 30% threshold.
How Hyde County Compares
With an average 2-bedroom rent of $904/month, Hyde County ranks #22 most expensive of the 64 cities tracked in South Dakota — more affordable than 74% of all US cities in our data.
The Hyde County Rental Market
The Hyde County, SD area has a population of about 1,305 and 18% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.
Rent Trends
2-bedroom rents in Hyde County, SD have fallen by $63/month (6.5%) over the past year, from $967 to $904. This slight decline is consistent with broader market corrections seen across US rental markets.
Affordability
To afford a 1-bedroom apartment in Hyde County, SD without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $27,560. The local median household income of $74,279 exceeds that threshold by $46,719, making Hyde County relatively accessible compared to local wages.
Economy & Jobs
Hyde County, SD has an unemployment rate of 1.5%, 2.4 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 Hyde 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 | — |
| Codington County | $687 | $764 | $1,002 | $1,272 | — |
Rent or Buy in Hyde County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Hyde County data
Renting appears to be the better financial choice for this scenario.
Living in Hyde 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 Hyde CountySalary needed to afford rent here
🗺️All Cities in SDSee how Hyde County ranks statewide
⚖️Compare Hyde CountySide-by-side rent & cost of living with any city
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