Sure, Sioux Falls rent prices might seem manageable on paper, unless you're a single parent juggling skyrocketing grocery bills, hefty car payments, and the endless struggle to keep a household afloat. It's tough to keep things going, but it could be worse.

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Compared to other states, South Dakota boasts some of the lowest average rent prices in the nation, with an average of $878 per month. According to a new survey from Earnest, only Arkansas ($868) and West Virginia ($831) have lower averages. Mississippi ($896) and Kentucky ($902) complete the top five most affordable states for rent.

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Taking a closer look at Sioux Falls, higher rent prices are no surprise. According to Apartments.com, the average rent for a one-bedroom apartment sits at $954, while two-bedroom units average $1,154, and three-bedroom units average $1,445. Brace yourself for some sticker shock; downtown Sioux Falls rents can soar up to 50% higher. Ouch!

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While those rent prices are historically high for Sioux Falls, there’s a silver lining: they’ve only increased by a modest 0.1% from 2023 to 2024. A small win for renters!

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Curious about which states have the priciest average rent? Topping the list is Hawaii at a steep $1,868 per month, paradise comes at a cost! Following close behind are California ($1856), Washington D.C. ($1817), Maryland ($1598), and Colorado ($1594). So, hey, it could always be worse!

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