Lake County
FY 2026 HUD Fair Market Rents in South Dakota. Population: 11,207.
Fair Market Rents (2026)
Studio
National avg: $893
$669/mo
↑ 10.9% YoY
-25% vs US
1 Bedroom
National avg: $959
$739/mo
↑ 10.3% YoY
-23% vs US
2 Bedroom
National avg: $1,175
$970/mo
↑ 10.4% YoY
-17% vs US
3 Bedroom
National avg: $1,525
$1,163/mo
↑ 3.7% YoY
-24% vs US
4 Bedroom
National avg: $1,756
$1,627/mo
↑ 12.6% YoY
-7% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $603 | $669 | +$66 (+10.9%) |
| 1 Bedroom | $670 | $739 | +$69 (+10.3%) |
| 2 Bedroom | $879 | $970 | +$91 (+10.4%) |
| 3 Bedroom | $1,121 | $1,163 | +$42 (+3.7%) |
| 4 Bedroom | $1,445 | $1,627 | +$182 (+12.6%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$29,560
$2,463/month gross
Required annual income for 2 BR
$38,800
$3,233/month gross
Other Counties in South Dakota
Corson County
1 BR: $708/mo
Fall River County
1 BR: $878/mo
Hamlin County
1 BR: $708/mo
Hanson County
1 BR: $824/mo
Dewey County
1 BR: $832/mo
Gregory County
1 BR: $749/mo
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.