Fair market rents · FY2026
Pennington County Fair Market Rents
HUD Fair Market Rents for Pennington County, South Dakota — a fiscal-year 2026 2-bedroom FMR of $1,336 per month, the payment-standard basis for Section 8 vouchers, with every unit size and a four-year trend.
| Unit size | Fair market rent (FY2026) |
|---|---|
| Studio (0 BR) | $921 |
| 1 bedroom | $1,018 |
| 2 bedroom | $1,336 |
| 3 bedroom | $1,743 |
| 4 bedroom | $2,178 |
Fair Market Rent (FMR) is HUD's estimate of the monthly rent (including utilities except telephone, cable, and internet) for a modest unit — set at roughly the 40th percentile of area rents — and is the basis for Housing Choice Voucher (Section 8) payment standards. It is a standard, not the average rent people actually pay.
Pennington County fair market rents — FAQ
What is the fair market rent in Pennington County?+
For fiscal year 2026, HUD's Fair Market Rents in Pennington County, South Dakota are $921 for a studio, $1,018 for a 1-bedroom, $1,336 for a 2-bedroom, $1,743 for a 3-bedroom, and $2,178 for a 4-bedroom.
What is Fair Market Rent used for?+
HUD Fair Market Rents set the payment standards for the Housing Choice Voucher (Section 8) program and other HUD programs. They estimate the rent (including most utilities) for a modest unit at about the 40th percentile of area rents — a benchmark, not the average rent actually paid.
Where does this data come from?+
Figures are HUD's published Fair Market Rents (U.S. Department of Housing and Urban Development), public-domain data. pumsdata is independent and not affiliated with HUD.