Rent in Lake County, SD at a glance
2-bedroom rent (HUD)
$970$11,640 a year · HUD fiscal year 2026From October 1, 2026: $1,154 (+19%)How much rent can you afford in Lake County, SD?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Lake County, SD by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $669 | $8,028 | $26,760 | $12.87/hr |
| 1 bedroom | $739 | $8,868 | $29,560 | $14.21/hr |
| 2 bedroomsMost searched | $970 | $11,640 | $38,800 | $18.65/hr |
| 3 bedrooms | $1,163 | $13,956 | $46,520 | $22.37/hr |
| 4 bedrooms | $1,627 | $19,524 | $65,080 | $31.29/hr |
Cost of living in Lake County, SD: income, prices and a budget →
Living and working in Lake County, SD
Rent in Lake County, SD: common questions
How much is rent going up in Lake County, SD in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,154 for a two-bedroom, up 19% from $970. A one-bedroom goes from $739 to $882, a studio from $669 to $804.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Lake County, SD?
HUD's Fair Market Rent for 2026 is $739 for a one-bedroom and $970 for a two-bedroom, utilities included. That is $11,640 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Lake County, SD?
To keep a $970 two-bedroom at 30% of gross pay, one full-time worker needs $18.65 an hour, or $38,800 a year. A one-bedroom at $739 takes $14.21 an hour.
How much is a 1, 2 or 3-bedroom apartment in Lake County, SD?
At HUD's 2026 Fair Market Rent: studio $669, one bedroom $739, two $970, three $1,163 and four $1,627 a month.
Is rent affordable in Lake County, SD?
For the typical household, earning $76,808 a year ($6,401 a month, Census ACS), a two-bedroom at $970 takes 15.2% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($970 × 12) ÷ 0.30 = $38,800. Divided by 2,080 working hours, that is $18.65 an hour.