RentData

Average Rent in Stanley County, SD Rents falling 7.5% YoY🔺 10th priciest in SD

HUD FY2025 · Official government data · Updated annually · Metro pop. 3,012

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Stanley County, SD has rental prices ranging from $680/month to $1,550/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $756/month — 46% below the national average of $1,400/month. With a median household income of $77,000/year, spending $756/month on a 1-bedroom represents 12% of gross income — within the recommended 30% threshold.

How Stanley County Compares

With an average 2-bedroom rent of $992/month, Stanley County ranks #10 most expensive of the 64 cities tracked in South Dakota — pricier than 63% of all US cities in our data.

The Stanley County Rental Market

The Stanley County, SD area has a population of about 3,012 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 Stanley County, SD have fallen by $80/month (7.5%) over the past year, from $1,072 to $992. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Stanley County, SD without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $30,240. The local median household income of $77,000 exceeds that threshold by $46,760, making Stanley County relatively accessible compared to local wages.

Economy & Jobs

Stanley 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 FY2025
Studio
$680
Affordable
1 Bedroom
$756
Affordable
2 Bedrooms
$992
7.5% YoY
Affordable
3 Bedrooms
$1,290
Affordable
4 Bedrooms
$1,550
Affordable
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Is Stanley County, SD Affordable?

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

Affordability Index(30% income rule)

To rent a 2BR
$39,680/year
Local median income: $77,000
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $992/month and 20% down on a home at 7% rate.

Nearby Cities in SDlargest metros in the state

CityStudio1BR2BR3BRHome 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 Stanley County?

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

Should I Rent or Buy?

Break-even analysis using real Stanley County data

$
Home Value
$350,000
2BR Rent
$992/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 4 years — worth it if you stay 4+ years.

Total monthly buy cost: $2,577/movs rent: $992/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Stanley County

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

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Frequently Asked Questions

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🏘️Neighborhoods in Stanley County

Compare rent & home prices by neighborhood

💵Rent Affordability in Stanley County

Salary needed to afford rent here

🗺️All Cities in SD

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⚖️Compare Stanley County

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📋SD Tenant Rights

Deposit limits, eviction laws & renters protections