As of August 2026, rental prices in Southeast Sioux Falls, SD range from $974 to $2,141 per month depending on property type and bedroom count.

The largest year-over-year increase was seen in apartment 3BR units, which rose 7.14%.

For 2-bedroom properties, single-family homes have a median rent of $1,247 while apartments are slightly lower at $1,235.

What is the current rent range for Southeast Sioux Falls, SD?

As of August 2026, rents in Southeast Sioux Falls, SD range from $974 per month for a 1BR apartment up to $2,141 per month for a 4BR condo/townhome.

How do rents for apartments compare to single-family homes for the same bedroom count in Southeast Sioux Falls, SD?

For 2-bedroom units, apartments have a median rent of $1,235 while single-family homes are at $1,247 per month in Southeast Sioux Falls, SD for August 2026, showing a $12 premium for single-family.

Which rental segment had the sharpest month-over-month change in Southeast Sioux Falls, SD?

The 4BR single-family segment saw the largest month-over-month movement with a -9.34% decrease, dropping to $1,998 in August 2026.

What rental segment experienced the largest annual decline in Southeast Sioux Falls, SD, and was it a broad trend or isolated?

The largest year-over-year decline occurred in 4BR single-family homes, which decreased by -1.50% in August 2026, while other single-family bedroom counts experienced YoY increases, indicating the decline is isolated to 4BR units.

Southeast Sioux Falls, SD

August 2026

57103,57108

Long-term Rental Rates

Apartment

Unit Type Price 1 Mo Change 1 Yr Change
1-Bedroom $935 – $1,013 0.87% 0.09%
2-Bedroom $1,186 – $1,284 -0.07% 2.77%
3-Bedroom $1,599 – $1,767 -0.99% 7.14%
4-Bedroom $2,061 – $2,185 0.67% 6.80%

Condo/Townhome

Unit Type Price 1 Mo Change 1 Yr Change
1-Bedroom $1,034 – $1,065 -2.30% 0.88%
2-Bedroom $1,196 – $1,232 4.72% 0.08%
3-Bedroom $1,636 – $1,720 -1.21% 1.54%
4-Bedroom $2,066 – $2,215 0.99% 6.23%

Single-Family

Unit Type Price 1 Mo Change 1 Yr Change
1-Bedroom $1,054 – $1,101 -1.40% 4.38%
2-Bedroom $1,220 – $1,275 -2.33% 3.60%
3-Bedroom $1,680 – $1,766 -0.26% -0.38%
4-Bedroom $1,948 – $2,048 -9.34% -1.50%
Data updated: September 23, 2026
Southeast Sioux Falls Rental Trends

In the Southeast Sioux Falls (57103, 57108) rental market, larger apartments are pushing higher, with 4-bedroom units at $2,097 after a 2.03% monthly increase and 6.62% annual growth. By contrast, 3-bedroom apartments command $1,685 but slipped 0.80% month over month, even as they posted a stronger 7.59% year-over-year gain.

Two-bedroom condo/townhome units at $1,180 declined 3.12% month over month and 1.07% year over year, making them one of the few segments with annual rent contraction in Southeast Sioux Falls (57103, 57108). In the same property type, 4-bedroom units reached $2,120 with a 1.30% monthly increase and a 6.38% annual rise, highlighting a clear premium for more space.

Among detached homes, 1-bedroom single-family units climbed to $1,093 with a 1.72% monthly rise and the highest annual increase in that category at 6.99%, while 3-bedroom homes sit at $1,721 after a 0.50% monthly slip and 1.32% yearly growth; together these shifts shape Southeast Sioux Falls (57103, 57108) rental trends for small investors.

12-Month Median Rent Trend

Apartment

Month 1 BR 2 BR 3 BR 4 BR
August 2026 $974 $1,235 $1,683 $2,111
July 2026 $921 $1,178 $1,685 $2,097
June 2026 $931 $1,159 $1,686 $2,053
May 2026 $940 $1,174 $1,678 $2,060
April 2026 $911 $1,133 $1,724 $2,062
March 2026 $926 $1,120 $1,626 $2,059
February 2026 $991 $1,129 $1,606 $2,040
January 2026 $970 $1,152 $1,548 $2,025
December 2025 $943 $1,119 $1,549 $2,013
November 2025 $954 $1,141 $1,551 $2,006
October 2025 $936 $1,111 $1,554 $1,993
September 2025 $945 $1,124 $1,521 $1,980

Condo / Townhome

Month 1 BR 2 BR 3 BR 4 BR
August 2026 $1,049 $1,214 $1,678 $2,141
July 2026 $1,070 $1,180 $1,661 $2,120
June 2026 $1,070 $1,180 $1,709 $2,093
May 2026 $1,054 $1,243 $1,655 $2,066
April 2026 $1,108 $1,252 $1,712 $2,048
March 2026 $1,119 $1,252 $1,710 $2,041
February 2026 $1,074 $1,214 $1,685 $2,043
January 2026 $1,071 $1,244 $1,656 $2,034
December 2025 $1,066 $1,207 $1,653 $2,042
November 2025 $1,054 $1,221 $1,671 $2,048
October 2025 $1,056 $1,231 $1,675 $2,044
September 2025 $1,048 $1,232 $1,653 $2,033

Single-Family

Month 1 BR 2 BR 3 BR 4 BR
August 2026 $1,077 $1,247 $1,723 $1,998
July 2026 $1,093 $1,275 $1,721 $2,197
June 2026 $1,074 $1,253 $1,732 $2,191
May 2026 $1,060 $1,207 $1,737 $2,201
April 2026 $1,051 $1,180 $1,780 $2,168
March 2026 $1,048 $1,179 $1,771 $2,144
February 2026 $1,050 $1,235 $1,730 $2,072
January 2026 $1,041 $1,224 $1,728 $2,065
December 2025 $1,048 $1,229 $1,733 $2,057
November 2025 $1,049 $1,228 $1,756 $2,060
October 2025 $1,045 $1,221 $1,751 $2,071
September 2025 $1,039 $1,217 $1,750 $2,092