HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Fall River County, South Dakota (FY 2026)
HUD's FY 2026 Fair Market Rent for a two-bedroom in Fall River County is $1,152 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
2 bedroom FMR
$1,152
FY 2026, utilities included
Payment standard range
$1,037 to $1,267
90% to 110% of FMR
Income to afford 2BR
$46,080
per year, at 30% of income
Rank in South Dakota
11th of 66
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Fall River moves to $1,289. That's up 12%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Fall River actually rent for?
Search any address in Fall River 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 | $794 | $715 to $873 | $31,760 | $15.27/hr | +8.6% |
| 1 bedroom | $878 | $790 to $966 | $35,120 | $16.88/hr | +7.2% |
| 2 bedroom | $1,152 | $1,037 to $1,267 | $46,080 | $22.15/hr | +7.0% |
| 3 bedroom | $1,381 | $1,243 to $1,519 | $55,240 | $26.56/hr | +6.1% |
| 4 bedroom | $1,783 | $1,605 to $1,961 | $71,320 | $34.29/hr | +3.1% |
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 | $2,050 | $1,845 to $2,255 |
| 6 bedroom Estimate | $2,318 | $2,086 to $2,550 |
| 7 bedroom Estimate | $2,585 | $2,327 to $2,844 |
| 8 bedroom Estimate | $2,853 | $2,568 to $3,138 |
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 Fall River, that runs from $794 for a studio up to $1,783 for four bedrooms, all five rates in the table above.
Because Fall River 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, Edgemont included.
Among South Dakota's 66 counties, Fall River ranks 11th for two-bedroom FMR. That's about 24% above the state median of $929 and about 13% above the national median county at $1,018. About 7,079 people live here, 25th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $990 in 57735 (Edgemont) and $1,160 in 57763 (Oelrichs), with the 5 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 Fall River somewhere between $1,037 and $1,267. 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.
$1,152 a month is affordable, by HUD's 30% rule, on an income of roughly $46,080 a year. Put another way, $22 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% ($1,037) | HAP at 100% ($1,152) | HAP at 110% ($1,267) |
|---|---|---|---|---|
| $2,500 | $750 | $287 | $402 | $517 |
| $4,000 | $1,200 | $0 | $0 | $67 |
Rate history
The two-bedroom rate went up 7% from FY 2025 ($1,077) to FY 2026 ($1,152). Since FY 2020 it's up 58% in total, about 7.9% 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 | $497 | $608 | $728 | $1,050 | $1,275 | — |
| FY 2021 | $512 | $555 | $732 | $945 | $1,267 | +0.5% |
| FY 2022 | $610 | $648 | $853 | $1,054 | $1,373 | +16.5% |
| FY 2023 | $705 | $770 | $1,013 | $1,233 | $1,652 | +18.8% |
| FY 2024 | $811 | $910 | $1,196 | $1,446 | $1,921 | +18.1% |
| FY 2025 | $731 | $819 | $1,077 | $1,302 | $1,729 | -9.9% |
| FY 2026 | $794 | $878 | $1,152 | $1,381 | $1,783 | +7.0% |
| FY 2027 | $898 | $985 | $1,289 | $1,616 | $2,033 | +11.9% |
Nearby counties
Custer County
$1,17323 mi · pop 8,515
Oglala Lakota County
$92947 mi · pop 13,695
Pennington County
$1,33655 mi · pop 110,386
Bennett County
$1,18278 mi · pop 3,391
Lawrence County
$1,04678 mi · pop 26,047
Meade County
$1,27388 mi · pop 29,970
Butte County
$1,09994 mi · pop 10,369
Jackson County
$92994 mi · pop 2,838
Questions people ask
$1,152 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $794 for a studio, $878 for one bedroom, $1,381 for three and $1,783 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 Fall River actually go for?
HUD's number is one input. Search any address in Fall River for a rent estimate built from nearby comps. 3 free searches, no card.
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