How many apartments are available in Downtown Sioux Falls on Rentable.co?

Rentable.co has over 154 apartments available near Downtown Sioux Falls.

What is the average rent for a studio apartment in Downtown Sioux Falls?

The average rent for a studio apartment near Downtown Sioux Falls is around $1,082 per month.

What is the average rent for a one-bedroom apartment in Downtown Sioux Falls?

The average rent for a one-bedroom apartment near Downtown Sioux Falls is around $757 per month.

What is the average rent for a two-bedroom apartment in Downtown Sioux Falls?

The average rent for a two-bedroom apartment near Downtown Sioux Falls is around $940 per month.

How many apartments are available in Sioux Falls, SD on Rentable.co?

Rentable.co has over 18,772 apartments available in Sioux Falls.

What is the average rent for a studio apartment in Sioux Falls, SD?

The average rent for a <a href='/sioux-falls-sd/studio-apartments-for-rent' >studio apartment</a> in Sioux Falls is around $900 per month.

What is the average rent for a one-bedroom apartment in Sioux Falls, SD?

The average rent for a <a href='/sioux-falls-sd/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> in Sioux Falls is around $940 per month.

What is the average rent for a two-bedroom apartment in Sioux Falls, SD?

The average rent for a <a href='/sioux-falls-sd/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in Sioux Falls is around $1,200 per month.

How expensive is it to rent an apartment in Sioux Falls, SD?

For a two-bedroom apartment in Sioux Falls, the average rent price is $1,200 per month, which is lower than the national average of $1,630 per month.

Can I afford an apartment for rent in Sioux Falls, SD?

Based on average rent prices in Sioux Falls, to afford a <a href='/sioux-falls-sd/studio-apartments-for-rent' >studio apartment</a> you would need an annual household income of $36,000 to live comfortably.

Apartments in Downtown Sioux Falls

Sioux Falls:
August Rent Report

Welcome to the August 2026 Sioux Falls Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 2026 key findings and figures for the Sioux Falls rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Sioux Falls and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Sioux Falls average rent prices in the chart below.

Monthly Rent Report

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Aug. 2026

1 BR 2 BR

Sioux Falls Rent Prices Decrease From July to August

Sioux Falls rent prices decreased over the last month. From July to August, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Sioux Falls one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from July to August, Sioux Falls experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Sioux Falls two-bedroom apartments currently stands at $.

August Prices: Sioux Falls vs. Surrounding Areas

Rent Prices in Sioux Falls and Surrounding Areas

Rent prices have decreased in Sioux Falls over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Sioux Falls suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rents did not increase in any of the Sioux Falls suburbs
Rents did not decrease in any of the Sioux Falls suburbs.

August 2026 Pricing Trends: Sioux Falls vs. National Comparisons

Sioux Falls Rent Prices More Affordable Than Major Cities

Rent growth in Sioux Falls over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Sioux Falls average rent prices appear to be relatively affordable for local residents.

The price for a Sioux Falls one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Sioux Falls and surrounding area rent prices, take a look at the complete data set below.

Data set for Sioux Falls and suburbs

	1 BR August	1 BR M/M % Change	2 BR August	2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.