Property prices for rent in Sioux Falls (South Dakota)

The rent prices in real estate in Sioux Falls, in the South Dakota region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

$937.5
Average price last 6 months
$2.06
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Sioux Falls has had a strong fall during the last 6 months. In June, the average price per sq.feet was $3.95. In the following month the price per sq.feet rose considerably to $4.72. The price for the following two months in (August, September) had a considerable fall of 21 with regard to the previous two months. The price per sq.feet has had a considerable fall of 36 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $2.62 to $0.94 during October, and November.

Average price

When referring to the price in Sioux Falls (cities), there have hardly been any changes in the last 6 months. In our first sample month during June, the average price is $907. In July This price remains at $890. During the following two months (August, September) the price has had an average rise from $898.5 to $992. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $945.25 and $922 between October and November.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $891 they are 11 % more affordable than the average price for Sioux Falls . The properties with the highest average price have 4 bedrooms, Their price is 53 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,206.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.64 / sq.feet, with an average $0.93 / sq.feet price in Sioux Falls. The properties with the most expensive average prices have 1 bedroom. They are 20 % more expensive than the average followed by properties with 2 bedrooms with a price at $0.87 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $891 it is 5 % more affordable than the average price in Sioux Falls. "" is seen as the second most affordable property type. The most expensive property type is "" followed by "House". At a price of $847 it is 16 % more expensive than the average price.

According to the average area price by sq.feet the most expensive property type is "House with an average cost of $0.94 / sq.feet. "House" at an average price of $0.94 / sq.feet has the highest price and would be directed at more affluent cities.

Charts data
Average price November
Average price per sq.feet November
Number of properties used in Sioux Falls
Number of properties used in region South Dakota
$891
$0.93
5,682
13,802
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value