FY2026 Fair Market Rents — Grant County
Studio
$641
1BR
$708
2BR
$929
3BR
$1,292
4BR
$1,438
Grant County, South Dakota
FIPS 46051 · County-level FMR and income limit data
FMR Area: Grant County, SD
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $641 | $7,692 |
| 1-Bedroom | $708 | $8,496 |
| 2-Bedroom | $929 | $11,148 |
| 3-Bedroom | $1,292 | $15,504 |
| 4-Bedroom | $1,438 | $17,256 |
To afford the FY2026 2-bedroom FMR of $929/mo under the 30%-of-income rule, a household needs about
$37,160/yr ($3,097/mo). Area Median Income is $100,100.
At SD's state minimum wage of $11.50/hr, a worker would need to work 63 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $641 | $708 | $929 | $1,292 | $1,438 |
| FY2025 | $598 | $665 | $872 | $1,222 | $1,360 |
| FY2024 | $613 | $689 | $905 | $1,275 | $1,454 |
| FY2023 | $575 | $628 | $826 | $1,012 | $1,347 |
| FY2022 | $542 | $576 | $758 | $937 | $1,220 |
| FY2021 | $514 | $558 | $735 | $914 | $1,146 |
| FY2020 | $515 | $573 | $755 | $941 | $1,143 |
FY2026 Income Limits
Area Median Income: $100,100
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $21,050 | $24,050 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $35,050 | $40,050 | $45,050 | $50,050 | $54,100 | $58,100 |
| 80% AMI | $56,100 | $64,100 | $72,100 | $80,100 | $86,550 | $92,950 |