Average Rent in Perkins County, SD↑ Rents rising 10.9% YoY
HUD FY2027 · Official government data · Updated annually · Metro pop. 3,058
Market Overview
Perkins County, SD has rental prices ranging from $717/month to $1,624/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $787/month — 44% below the national average of $1,400/month. With a median household income of $65,455/year, spending $787/month on a 1-bedroom represents 14% of gross income — within the recommended 30% threshold.
How Perkins County Compares
With an average 2-bedroom rent of $1,030/month, Perkins County ranks #32 most expensive of the 64 cities tracked in South Dakota — pricier than 53% of all US cities in our data.
The Perkins County Rental Market
The Perkins County, SD area has a population of about 3,058 and 21% 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 Perkins County, SD have risen by $101/month (10.9%) over the past year, from $929 to $1,030. 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 Perkins County, SD without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $31,480. The local median household income of $65,455 exceeds that threshold by $33,975, making Perkins County relatively accessible compared to local wages.
Economy & Jobs
Perkins County, SD has an unemployment rate of 1.6%, 2.3 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 Perkins 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 Perkins County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Perkins County data
Buying breaks even after 4 years — worth it if you stay 4+ years.
Living in Perkins County
Cost of living, job market, crime rates, and moving cost estimates.
Moving Cost Estimator
Estimate your moving costs based on FMCSA public mover data
Select your origin state to see the estimate
Frequently Asked Questions
Explore More
Compare rent & home prices by neighborhood
💵Rent Affordability in Perkins CountySalary needed to afford rent here
🗺️All Cities in SDSee how Perkins County ranks statewide
⚖️Compare Perkins CountySide-by-side rent & cost of living with any city
📋SD Tenant RightsDeposit limits, eviction laws & renters protections