Pennington County
FY 2026 HUD Fair Market Rents in South Dakota. Population: 110,386.
Fair Market Rents (2026)
Studio
National avg: $893
$921/mo
↑ 20.1% YoY
+3% vs US
1 Bedroom
National avg: $959
$1,018/mo
↑ 18.9% YoY
+6% vs US
2 Bedroom
National avg: $1,175
$1,336/mo
↑ 19.4% YoY
+14% vs US
3 Bedroom
National avg: $1,525
$1,743/mo
↑ 17.0% YoY
+14% vs US
4 Bedroom
National avg: $1,756
$2,178/mo
↑ 22.6% YoY
+24% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $767 | $921 | +$154 (+20.1%) |
| 1 Bedroom | $856 | $1,018 | +$162 (+18.9%) |
| 2 Bedroom | $1,119 | $1,336 | +$217 (+19.4%) |
| 3 Bedroom | $1,490 | $1,743 | +$253 (+17.0%) |
| 4 Bedroom | $1,777 | $2,178 | +$401 (+22.6%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$40,720
$3,393/month gross
Required annual income for 2 BR
$53,440
$4,453/month gross
Other Counties in South Dakota
Corson County
1 BR: $708/mo
Lake County
1 BR: $739/mo
Hutchinson County
1 BR: $708/mo
Day County
1 BR: $751/mo
Buffalo County
1 BR: $918/mo
Ziebach County
1 BR: $708/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.