How much will Section 8 pay for rent in Pennington County?

Up to the housing authority's payment standard, which it sets between 90% and 110% of FMR. For a two-bedroom that's $1,287 to $1,573. The voucher covers the gap between that standard and about 30% of the tenant's income, and it never pays more than the unit would rent for without a voucher.

Why does my ZIP code show a different Fair Market Rent than Pennington County?

HUD publishes a second set of numbers, Small Area FMRs, for individual ZIP codes. In Pennington those run from $1,210 to $1,750 for a two-bedroom. Housing authorities in metros HUD has designated for Small Area FMRs use the ZIP rate. The rest use the county rate. Your PHA can tell you which one applies.

When do the next Fair Market Rents for Pennington County come out?

HUD usually publishes the new fiscal year's rates in late August or September, and they take effect October 1. This page updates as soon as the new South Dakota figures are loaded.

HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027

Fair Market Rent in Pennington County, South Dakota (FY 2027)

$1,430 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Pennington County, and it's the baseline every voucher in Pennington is measured against.

Two-bedroom FMR

$1,430

+7.0% from FY 2026

Payment standard

$1,287–$1,573

90% to 110% of the FMR, two-bedroom

Income to afford

$57,200

a year, with rent at 30% of income

Rank in South Dakota

1st of 66

by two-bedroom FMR, highest first

FY 2027 Fair Market Rents

Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.

Bedrooms	FMR	Payment standard	Income needed	Hourly wage	vs FY 2026
Studio	$996	$896–$1,096	$39,840	$19.15/hr	+8.1%
1 bedroom	$1,093	$984–$1,202	$43,720	$21.02/hr	+7.4%
2 bedroom	$1,430	$1,287–$1,573	$57,200	$27.50/hr	+7.0%
3 bedroom	$1,833	$1,650–$2,016	$73,320	$35.25/hr	+5.2%
4 bedroom	$2,390	$2,151–$2,629	$95,600	$45.96/hr	+9.7%

Five to eight 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	$2,749	$2,474–$3,024
6 bedroom Estimate	$3,107	$2,796–$3,418
7 bedroom Estimate	$3,466	$3,119–$3,813
8 bedroom Estimate	$3,824	$3,442–$4,206

Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov

Market check

HUD's number is one input. What does a two-bedroom in Pennington actually rent for?

Search any address in Pennington for a rent estimate built from nearby comps, with the HUD figure right next to it.

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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 Pennington somewhere between $1,287 and $1,573. 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.

$1,430 a month is affordable, by HUD's 30% rule, on an income of roughly $57,200 a year. Put another way, $28 an hour full time.

Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.

Monthly household income	Tenant pays (30%)	Voucher pays at 90%$1,287	Voucher pays at 100%$1,430	Voucher pays at 110%$1,573
$2,500	$750	$537	$680	$823
$4,000	$1,200	$87	$230	$373

Run your own numbers in the Section 8 rent calculator

Rate history

The two-bedroom rate went up 7% from FY 2026 ($1,336) to FY 2027 ($1,430). Since FY 2020 it's up 70% in total, about 7.9% a year. The South Dakota median moved up 11% over the same year.

Fiscal year	Studio	1 BR	2 BR	3 BR	4 BR	2BR change
FY 2020	$549	$639	$841	$1,184	$1,423	—
FY 2021	$577	$664	$875	$1,237	$1,437	+4.0%
FY 2022	$608	$695	$915	$1,294	$1,457	+4.6%
FY 2023	$665	$756	$995	$1,374	$1,509	+8.7%
FY 2024	$788	$886	$1,163	$1,592	$1,781	+16.9%
FY 2025	$767	$856	$1,119	$1,490	$1,777	-3.8%
FY 2026	$921	$1,018	$1,336	$1,743	$2,178	+19.4%
FY 2027In effect	$996	$1,093	$1,430	$1,833	$2,390	+7.0%

About this rate

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 2027 that's October 1, 2026 through September 30, 2027. In Pennington, that runs from $996 for a studio up to $2,390 for four bedrooms, all five rates in the table above.

Pennington is its own HUD metro area (Rapid City, SD), so the rate here is set from rents inside the county rather than a wider region.

Among South Dakota's 66 counties, Pennington ranks 1st for two-bedroom FMR. That's about 38% above the state median of $1,033 and about 35% above the national median county at $1,063. About 113,512 people live here, 2nd in the state.

Rates by ZIP code

Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,210 in 57761 (New Underwood) and $1,750 in 57703 (Rapid City), with the 14 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.

ZIP	City	2BR rate	vs county
57701	Rapid City	$1,310	-8.4%
57702	Rapid City	$1,530	+7.0%
57703	Rapid City	$1,750	+22.4%
57709	Rapid City	$1,430	0.0%
57719	Box Elder	$1,550	+8.4%
57725	Caputa	$1,420	-0.7%
57745	Hill City	$1,440	+0.7%
57751	Keystone	$1,410	-1.4%
57761	New Underwood	$1,210	-15.4%
57767	Owanka	$1,210	-15.4%
57775	Quinn	$1,210	-15.4%
57780	Scenic	$1,430	0.0%
57790	Wall	$1,430	0.0%
57791	Wasta	$1,400	-2.1%

Nearby counties

Two-bedroom FMR, with how each compares to Pennington.

Meade County

34 mi · 30,546 people

$1,357

-5%

Custer County

35 mi · 8,892 people

$1,242

-13%

Lawrence County

50 mi · 27,233 people

$1,207

-16%

Butte County

55 mi · 10,676 people

$1,278

-11%

Fall River County

55 mi · 7,258 people

$1,289

-10%

Oglala Lakota County

60 mi · 13,491 people

$1,014

-29%

Haakon County

68 mi · 1,722 people

$1,064

-26%

Jackson County

69 mi · 2,802 people

$1,014

-29%

Questions people ask

$1,430 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $996 for a studio, $1,093 for one bedroom, $1,833 for three and $2,390 for four.

Tools for this county

All South Dakota counties All states

Fair Market Rent lookup

Any ZIP code's Small Area FMR by bedroom count

Section 8 rent calculator

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

The income a household needs for a given rent