Sioux Falls, SD-MN 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 Sioux Falls, SD-MN
The median asking rent in Sioux Falls, SD-MN is $1,849 as of July 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 $288,800, that rent level prices Sioux Falls, SD-MN at a 7.70% 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.
Sioux Falls, SD-MN rent and rental yield comparison
The current Sioux Falls, SD-MN baseline is $1,849 median asking rent and 7.70% 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.
Pierre, SD
Pierre, SD median asking rent is $1,700, $149 (8.1%) lower than the $1,849 median asking rent in Sioux Falls, SD-MN.
- Median rent
- $1,700
- Gross yield
- 14.86%
- Avg home value
- $147,781
Rapid City, SD
Rapid City, SD median asking rent is $2,000, $151 (8.2%) higher than the $1,849 median asking rent in Sioux Falls, SD-MN.
- 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, $451 (24.4%) higher than the $1,849 median asking rent in Sioux Falls, SD-MN.
- Median rent
- $2,300
- Gross yield
- 8.12%
- Avg home value
- $347,469
Vermillion, SD
Vermillion, SD median asking rent is $1,600, $249 (13.5%) lower than the $1,849 median asking rent in Sioux Falls, SD-MN.
- Median rent
- $1,600
- Gross yield
- 9.03%
- Avg home value
- $176,505
Mitchell, SD
Mitchell, SD median asking rent is $1,300, $549 (29.7%) lower than the $1,849 median asking rent in Sioux Falls, SD-MN.
- Median rent
- $1,300
- Gross yield
- 10.36%
- Avg home value
- $150,141
Sioux Falls, SD-MN rent and yield FAQ
Quick answers based on the latest Sioux Falls, SD-MN rental listing and transaction data.
What is the average rent in Sioux Falls, SD-MN?
As of July 2026, the median asking rent in Sioux Falls, SD-MN is $1,849. 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 Sioux Falls, SD-MN?
Sioux Falls, SD-MN currently prices at a 7.70% 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 Sioux Falls, SD-MN market context to property-level screening
Open Rental Insights with Sioux Falls, SD-MN selected, then pair the yield signal with investor activity and rental data workflows.