How many apartments are available in 57110 on Rentable.co?

Rentable.co has 34 apartments available for rent in 57110.

What is the average rent for an apartment in 57110?

The average rent for an apartment in 57110 is around $1,100 per month.

What is the average rent for a two-bedroom apartment in 57110?

The average rent for a two-bedroom apartment in 57110 is around $1,275 per month.

What is the average rent for a one-bedroom apartment in 57110?

The average rent for a one-bedroom apartment in 57110 is around $1,074 per month.

What is the average rent for a studio apartment in 57110?

The average rent for a studio apartment in 57110 is around $945 per month.

Apartments in 57110

Sioux Falls:
May Rent Report

Welcome to the May 2024 Sioux Falls Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 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

$1,300

$980

$650

$330

Jun. 2023

Jul. 2023

Aug. 2023

Sep. 2023

Oct. 2023

Nov. 2023

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

1 BR 2 BR

Sioux Falls Rent Prices Increase From April to May

Sioux Falls rent prices increased over the last month. From April to May, the city experienced a 1.52% increase for the price of a one-bedroom apartment. The rent price for a Sioux Falls one-bedroom apartments currently stands at $1,003.0.

When we take a look at the two-bedroom comparison from April to May, Sioux Falls experienced a -2.04% decrease for the price of a two-bedroom apartment. The rent price for a Sioux Falls two-bedroom apartments currently stands at $1,152.0.

May Prices: Sioux Falls vs. Surrounding Areas

Tea, SD

Harrisburg, SD

Sioux Falls, SD

Brandon, SD

Hartford, SD

$1,095

$988

$823

$798

$400

$800

$1,200

$1,600

Median 1 BR Rent

Rent Prices in Sioux Falls and Surrounding Areas

Rent prices have increased 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, 4 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
Rent decreased in Tea, SD, Hartford, SD, Harrisburg, SD, Brandon, SD.
2 suburbs are currently priced higher than the city of Sioux Falls.
2 suburbs are currently priced lower than the city of Sioux Falls.

May 2024 Pricing Trends: Sioux Falls vs. National Comparisons

New York, NY

San Francisco, CA

Washington, DC

Los Angeles, CA

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

Sioux Falls, SD

$4,056

$3,039

$2,377

$2,336

$1,913

$1,300

$1,283

$1,178

$988

$1,350

$2,700

$4,050

$5,400

Median Rent

Sioux Falls Rent Prices More Affordable Than Major Cities

Rent growth in Sioux Falls over the past year has been on the rise. 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 May	1 BR M/M % Change	2 BR May	2 BR M/M % Change
Sioux Falls, SD	$988.0	0.31%	$1,176.0	-1.92%
Tea, SD	$1,095.0	0.00%	$1,295.0	0.00%
Hartford, SD	$798.0	-2.33%	$996.0	-2.64%
Harrisburg, SD	$1,095.0	0.00%	$1,295.0	0.00%
Brandon, SD	$823.0	-1.67%	$909.0	1.11%

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.