FY2026 Fair Market Rents — Stanley County
Studio
$713
1BR
$788
2BR
$1,034
3BR
$1,316
4BR
$1,601
Stanley County, South Dakota
FIPS 46117 · County-level FMR and income limit data
FMR Area: Stanley County, SD
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $713 | $8,556 |
| 1-Bedroom | $788 | $9,456 |
| 2-Bedroom | $1,034 | $12,408 |
| 3-Bedroom | $1,316 | $15,792 |
| 4-Bedroom | $1,601 | $19,212 |
To afford the FY2026 2-bedroom FMR of $1,034/mo under the 30%-of-income rule, a household needs about
$41,360/yr ($3,447/mo). Area Median Income is $119,800.
At SD's state minimum wage of $11.50/hr, a worker would need to work 70 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $713 | $788 | $1,034 | $1,316 | $1,601 |
| FY2025 | $680 | $756 | $992 | $1,290 | $1,550 |
| FY2024 | $727 | $816 | $1,072 | $1,419 | $1,722 |
| FY2023 | $673 | $735 | $968 | $1,292 | $1,578 |
| FY2022 | $602 | $640 | $842 | $1,105 | $1,356 |
| FY2021 | $567 | $615 | $810 | $1,054 | $1,263 |
| FY2020 | $579 | $644 | $848 | $1,097 | $1,284 |
FY2026 Income Limits
Area Median Income: $119,800
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $25,200 | $28,800 | $32,400 | $35,950 | $38,850 | $44,360 |
| 50% AMI | $41,950 | $47,950 | $53,950 | $59,900 | $64,700 | $69,500 |
| 80% AMI | $67,100 | $76,700 | $86,300 | $95,850 | $103,550 | $111,200 |