Average Rent in Lyman County, SD↓ Rents falling 3.6% YoY🔻 2nd cheapest in SD

Lyman County, SD has rental prices ranging from $598/month to $1,383/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $665/month — 52% below the national average of $1,400/month. With a median household income of $61,169/year, spending $665/month on a 1-bedroom represents 13% of gross income — within the recommended 30% threshold.

How Lyman County Compares

With an average 2-bedroom rent of $872/month, Lyman County ranks #63 most expensive of the 64 cities tracked in South Dakota — more affordable than 86% of all US cities in our data.

The Lyman County Rental Market

The Lyman County, SD area has a population of about 3,717 and 28% 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 Lyman County, SD have fallen by $33/month (3.6%) over the past year, from $905 to $872. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Lyman County, SD without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $26,600. The local median household income of $61,169 exceeds that threshold by $34,569, making Lyman County relatively accessible compared to local wages.

Economy & Jobs

Lyman County, SD has an unemployment rate of 2.5%, 1.4 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.

Is Lyman County, SD Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Lyman County?

Break-even analysis and mortgage estimates based on local market data.

Living in Lyman County

Cost of living, job market, crime rates, and moving cost estimates.