Average Rent in Shannon County, SD🔻 Cheapest in SD
HUD FY2017 · Official government data · Updated annually · Metro pop. 13,586
Market Overview
Shannon County, SD has rental prices ranging from $433/month to $889/month in 2017, depending on unit size. The typical 1-bedroom apartment rents for $485/month — 65% below the national average of $1,400/month.
How Shannon County Compares
With an average 2-bedroom rent of $645/month, Shannon County ranks #64 most expensive of the 64 cities tracked in South Dakota — more affordable than 100% of all US cities in our data.
The Shannon County Rental Market
The Shannon County, SD area has a population of about 13,586.
Rent Trends
2-bedroom rents in Shannon County, SD have risen by $1/month (0.2%) over the past year, from $644 to $645. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.
Fair Market Rents
HUD FY2017Is Shannon 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 Shannon County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Shannon County data
Renting appears to be the better financial choice for this scenario.
Living in Shannon County
Cost of living, job market, crime rates, and moving cost estimates.
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