KJAM features the latest nationwide rent report from Rent.com, which finds that South Dakota continues to lead the nation in rent increases. In July, South Dakota’s median rent (half of you are paying more, half less) was $1,209, 22.61% more than in July last year. Mississippi was the only other state posting a 20+ percent yearly increase. Those ugly July figures continue the sharp 22% rent inflation Rent.com reported for South Dakota last fall.
Nationwide, the July median rent was $2,038, a 0.31% increase over the previous July. South Dakota’s median rent is thus well below the national median. It is also lower than Minnesota’s $1,596 median rent and Nebraska’s $1,336, but higher than Iowa’s $1,160 and North Dakota’s $1,047.