HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Clark County, South Dakota (FY 2026)
$929 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Clark County, and it's the baseline every voucher in Clark is measured against.
2 bedroom FMR
$929
FY 2026, utilities included
Payment standard range
$836 to $1,022
90% to 110% of FMR
Income to afford 2BR
$37,160
per year, at 30% of income
Rank in South Dakota
39th of 66
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Clark moves to $1,014. That's up 9%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Clark actually rent for?
Search any address in Clark 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 | $641 | $577 to $705 | $25,640 | $12.33/hr | +7.2% |
| 1 bedroom | $847 | $762 to $932 | $33,880 | $16.29/hr | +8.9% |
| 2 bedroom | $929 | $836 to $1,022 | $37,160 | $17.87/hr | +6.5% |
| 3 bedroom | $1,144 | $1,030 to $1,258 | $45,760 | $22.00/hr | +8.8% |
| 4 bedroom | $1,256 | $1,130 to $1,382 | $50,240 | $24.15/hr | +5.3% |
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 | $1,444 | $1,300 to $1,588 |
| 6 bedroom Estimate | $1,633 | $1,470 to $1,796 |
| 7 bedroom Estimate | $1,821 | $1,639 to $2,003 |
| 8 bedroom Estimate | $2,010 | $1,809 to $2,211 |
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 Clark, that runs from $641 for a studio up to $1,256 for four bedrooms, all five rates in the table above.
Because Clark 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, Bradley included.
Among South Dakota's 66 counties, Clark ranks 39th for two-bedroom FMR. That's within a couple percent of the state median of $929 and about 9% below the national median county at $1,018. About 3,837 people live here, 42nd in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $930 in 57217 (Bradley) and $1,060 in 57322 (Carpenter), with the 7 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 Clark somewhere between $836 and $1,022. 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.
$929 a month is affordable, by HUD's 30% rule, on an income of roughly $37,160 a year. Put another way, $18 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% ($836) | HAP at 100% ($929) | HAP at 110% ($1,022) |
|---|---|---|---|---|
| $2,500 | $750 | $86 | $179 | $272 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 7% from FY 2025 ($872) to FY 2026 ($929). Since FY 2020 it's up 25% in total, about 3.8% 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 | $507 | $563 | $742 | $925 | $1,064 | — |
| FY 2021 | $503 | $546 | $719 | $894 | $1,067 | -3.1% |
| FY 2022 | $541 | $575 | $757 | $936 | $1,166 | +5.3% |
| FY 2023 | $575 | $628 | $826 | $1,005 | $1,183 | +9.1% |
| FY 2024 | $613 | $693 | $905 | $1,105 | $1,325 | +9.6% |
| FY 2025 | $598 | $778 | $872 | $1,051 | $1,193 | -3.6% |
| FY 2026 | $641 | $847 | $929 | $1,144 | $1,256 | +6.5% |
| FY 2027 | $706 | $931 | $1,014 | $1,211 | $1,599 | +9.1% |
Nearby counties
Questions people ask
$929 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $641 for a studio, $847 for one bedroom, $1,144 for three and $1,256 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 Clark actually go for?
HUD's number is one input. Search any address in Clark for a rent estimate built from nearby comps. 3 free searches, no card.
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