Sioux Falls Rent Report: March 2025
Welcome to the Apartment List March 2025 Rent Report for Sioux Falls, SD. Currently, the overall median rent in the city stands at $942, roughly the same as last month. Prices remain down 1.4% year-over-year. Read on to learn more about what’s been happening in the Sioux Falls rental market and how it compares to trends throughout the nation as a whole.
Sioux Falls rents are flat month-over-month and down 1.4% year-over-year
The median rent in Sioux Falls rose by 0.3% over the course of February, and has now decreased by a total of 1.4% over the past 12 months. Sioux Falls’s rent growth over the past year has is similar to the state average (-1.4%) but has fallen below the national average (-0.4%).
Sioux Falls rent growth in 2025 pacing above last year
Two months into the year, rents in Sioux Falls have risen 0.3%. This is a faster rate of growth compared to what the city was experiencing at this point last year: from January to February 2024 rents had decreased 0.6%.
Methodology
Apartment List is committed to the accuracy and transparency of our rent estimates. We begin with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, capturing apartment transactions over time to provide an accurate picture of rent growth in cities across the country. Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. For more details, please see the Apartment List Rent Estimate Methodology.
Data Access
Apartment List publishes monthly rent reports and underlying data for hundreds of cities across the nation, as well as data aggregated for counties, metros, and states. These data are intended to be a source of reliable information that help renters and policymakers make sound decisions. Insights from our data are covered regularly by journalists across the country. To access the data yourself, please visit our Data Downloads Page.
