Pierre, SD Average Rent & Rental Yield
Compare average asking rent (median), gross rental yield, home value, and transaction activity before moving into listing-level underwriting or investor discovery.
Average rent in Pierre, SD
The median asking rent in Pierre, SD is $1,700 as of June 2026, based on active rental listings across the metro. We report the median — the midpoint of asking rents — because it tracks the typical listing more reliably than a simple average, which luxury and outlier listings can skew.
Against an average home value of $147,781, that rent level prices Pierre, SD at a 14.86% gross rental yield — compared with 7.58% across South Dakota.
Metro vs state rental signal
The metro read is a first-pass screen. Compare it with the state baseline, then pressure-test taxes, insurance, vacancy, rehab, and financing assumptions at the property level.
Pierre, SD rent and rental yield comparison
The current Pierre, SD baseline is $1,700 median asking rent and 14.86% gross rental yield. Compare rent, yield, and home values with selected South Dakota metros, then open a public report or Rental Insights for property-level follow-up.
Sioux Falls, SD-MN
Sioux Falls, SD-MN median asking rent is $1,849, $149 (8.8%) higher than the $1,700 median asking rent in Pierre, SD.
- Median rent
- $1,849
- Gross yield
- 7.70%
- Avg home value
- $288,800
Rapid City, SD
Rapid City, SD median asking rent is $2,000, $300 (17.6%) higher than the $1,700 median asking rent in Pierre, SD.
- Median rent
- $2,000
- Gross yield
- 7.08%
- Avg home value
- $336,900
Sioux City, IA-NE-SD
Sioux City, IA-NE-SD median asking rent is $2,300, $600 (35.3%) higher than the $1,700 median asking rent in Pierre, SD.
- Median rent
- $2,300
- Gross yield
- 8.12%
- Avg home value
- $347,469
Vermillion, SD
Vermillion, SD median asking rent is $1,600, $100 (5.9%) lower than the $1,700 median asking rent in Pierre, SD.
- Median rent
- $1,600
- Gross yield
- 9.03%
- Avg home value
- $176,505
Mitchell, SD
Mitchell, SD median asking rent is $1,300, $400 (23.5%) lower than the $1,700 median asking rent in Pierre, SD.
- Median rent
- $1,300
- Gross yield
- 10.36%
- Avg home value
- $150,141
Pierre, SD rent and yield FAQ
Quick answers based on the latest Pierre, SD rental listing and transaction data.
What is the average rent in Pierre, SD?
As of June 2026, the median asking rent in Pierre, SD is $1,700. SFR Analytics reports the median of active rental listings rather than a simple average so outlier luxury listings do not distort the figure.
What is a good rental yield in Pierre, SD?
Pierre, SD currently prices at a 14.86% gross rental yield, versus 7.58% across South Dakota. Treat gross yield as a first-pass screen — it excludes taxes, insurance, vacancy, rehab, and financing, so underwrite at the property level before acting on it.
Move from Pierre, SD market context to property-level screening
Open Rental Insights with Pierre, SD selected, then pair the yield signal with investor activity and rental data workflows.