FY2026 Fair Market Rents — Lincoln County
Studio
$865
1BR
$986
2BR
$1,156
3BR
$1,586
4BR
$1,939
Lincoln County, South Dakota
FIPS 46083 · County-level FMR and income limit data
FMR Area: Sioux Falls, SD MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $865 | $10,380 |
| 1-Bedroom | $986 | $11,832 |
| 2-Bedroom | $1,156 | $13,872 |
| 3-Bedroom | $1,586 | $19,032 |
| 4-Bedroom | $1,939 | $23,268 |
To afford the FY2026 2-bedroom FMR of $1,156/mo under the 30%-of-income rule, a household needs about
$46,240/yr ($3,853/mo). Area Median Income is $118,700.
At SD's state minimum wage of $11.50/hr, a worker would need to work 78 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $865 | $986 | $1,156 | $1,586 | $1,939 |
| FY2025 | $748 | $882 | $1,030 | $1,412 | $1,730 |
| FY2024 | $769 | $884 | $1,042 | $1,417 | $1,768 |
| FY2023 | $710 | $793 | $949 | $1,274 | $1,616 |
| FY2022 | $668 | $733 | $897 | $1,187 | $1,535 |
| FY2021 | $642 | $714 | $874 | $1,150 | $1,435 |
| FY2020 | $599 | $685 | $839 | $1,096 | $1,302 |
FY2026 Income Limits
Area Median Income: $118,700
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $24,950 | $28,500 | $32,050 | $35,600 | $38,680 | $44,360 |
| 50% AMI | $41,550 | $47,500 | $53,450 | $59,350 | $64,100 | $68,850 |
| 80% AMI | $66,500 | $76,000 | $85,500 | $94,950 | $102,550 | $110,150 |