Pierre renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Pierre is about $922 per month. This puts it in the 90th percentile compared to the state average cost of rent, which is $846. Households in Pierre have a median income of $6,258 per month so the average renter in Pierre is spending roughly 15% of their earnings on housing.
Nationally, and in Pierre, home values are the data point most closely correlated with the cost of rent. The median price of a home in Pierre is $200,072 right now, which is higher than nearby cities, meaning that rents in Pierre also tend to be higher versus these nearby cities.
Higher rent prices are common in the northern parts of Pierre while lower rent rates are often available in southwestern areas.
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