HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Butte County, South Dakota (FY 2026)
$1,099 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Butte County, and it's the baseline every voucher in Butte is measured against.
2 bedroom FMR
$1,099
FY 2026, utilities included
Payment standard range
$989 to $1,209
90% to 110% of FMR
Income to afford 2BR
$43,960
per year, at 30% of income
Rank in South Dakota
12th of 66
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Butte moves to $1,278. That's up 16%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Butte actually rent for?
Search any address in Butte for a rent estimate built from nearby comps, with the HUD figure right next to it.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $758 | $682 to $834 | $30,320 | $14.58/hr | +9.9% |
| 1 bedroom | $838 | $754 to $922 | $33,520 | $16.12/hr | +9.3% |
| 2 bedroom | $1,099 | $989 to $1,209 | $43,960 | $21.13/hr | +9.2% |
| 3 bedroom | $1,318 | $1,186 to $1,450 | $52,720 | $25.35/hr | +8.7% |
| 4 bedroom | $1,701 | $1,531 to $1,871 | $68,040 | $32.71/hr | +8.4% |
5 to 8 bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $1,956 | $1,760 to $2,152 |
| 6 bedroom Estimate | $2,211 | $1,990 to $2,432 |
| 7 bedroom Estimate | $2,466 | $2,219 to $2,713 |
| 8 bedroom Estimate | $2,722 | $2,450 to $2,994 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2026 that's October 1, 2025 through September 30, 2026. In Butte, that runs from $758 for a studio up to $1,701 for four bedrooms, all five rates in the table above.
Because Butte sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Belle Fourche included.
Among South Dakota's 66 counties, Butte ranks 12th for two-bedroom FMR. That's about 18% above the state median of $929 and about 8% above the national median county at $1,018. About 10,369 people live here, 17th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,080 in 57762 (Nisland) and $1,250 in 57760 (Newell), with the 4 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Butte somewhere between $989 and $1,209. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,099 a month is affordable, by HUD's 30% rule, on an income of roughly $43,960 a year. Put another way, $21 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($989) | HAP at 100% ($1,099) | HAP at 110% ($1,209) |
|---|---|---|---|---|
| $2,500 | $750 | $239 | $349 | $459 |
| $4,000 | $1,200 | $0 | $0 | $9 |
Rate history
The two-bedroom rate went up 9% from FY 2025 ($1,006) to FY 2026 ($1,099). Since FY 2020 it's up 35% in total, about 5.1% a year. The South Dakota median moved up 7% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $558 | $620 | $817 | $1,018 | $1,237 | — |
| FY 2021 | $567 | $601 | $792 | $985 | $1,235 | -3.1% |
| FY 2022 | $608 | $635 | $836 | $1,033 | $1,346 | +5.6% |
| FY 2023 | $646 | $703 | $925 | $1,126 | $1,508 | +10.6% |
| FY 2024 | $740 | $809 | $1,063 | $1,285 | $1,708 | +14.9% |
| FY 2025 | $690 | $767 | $1,006 | $1,212 | $1,569 | -5.4% |
| FY 2026 | $758 | $838 | $1,099 | $1,318 | $1,701 | +9.2% |
| FY 2027 | $890 | $977 | $1,278 | $1,523 | $2,015 | +16.3% |
Nearby counties
Questions people ask
$1,099 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $758 for a studio, $838 for one bedroom, $1,318 for three and $1,701 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the payment standard and tenant share for a specific rent.
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords.
Rent affordability calculator
See what income a household needs for a given rent.
What does a rental in Butte actually go for?
HUD's number is one input. Search any address in Butte for a rent estimate built from nearby comps. 3 free searches, no card.
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