Fair Market Rent
Efficiency
$921
1 Bedroom
$1,018
2 Bedroom
$1,336
3 Bedroom
$1,743
4 Bedroom
$2,178
Metro/FMR area: Rapid City, SD HUD Metro FMR Area
Source: HUD Fair Market Rents, 2026. Monthly rent, per unit.
Drought Conditions
D3 — Extreme DroughtWeek of Tue Aug 18 2026. Source: U.S. Drought Monitor (NDMC/USDA/NOAA).
Disaster Declarations
- STRAIGHT-LINE WINDSTue Apr 07 2026
Source: FEMA OpenFEMA.
Active Weather Alerts
No active alerts right now.
Nearby Cities
Frequently Asked Questions
What is the Fair Market Rent for a 2-bedroom in Pennington County?
HUD's Fair Market Rent for a 2-bedroom unit in Pennington County is $1,336/month for 2026.
What is the Fair Market Rent for a 1-bedroom in Pennington County?
HUD's Fair Market Rent for a 1-bedroom unit in Pennington County is $1,018/month for 2026.