Tea, South Dakota Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Tea, South Dakota rental market.
Tea, South Dakota
Average Apartment Rent
$1,068
Y-o-Y Change in Average
Apartment Rent
-12.4%
As of September 2025
Compared to a year ago, Tea, South Dakota apartments have recorded a -12.4% rent decrease.
Tea, South Dakota Average apartment rent trend
Tea, South Dakota Average Apartment Rent
Tea, South Dakota Apartment rent ranges
At 52.25%, apartments priced $1,000 - $1,500 represent the bulk of Tea, South Dakota rentals, while condos priced Under $1,000 hold the lowest share of the market – 47.75%.
Tea, South Dakota Housing tenure**
Renters take up 29% of Tea, South Dakota real estate, occupying a total of 582 units, while homeowners live in 1,407 properties.
Median number of rooms of renter-occupied housing units**
5.5
Renter median household income**
$77,364
Average household size of renter-occupied housing units**
2.89
Rental vacancy rate**
2.2%
Tea, South Dakota Renter-occupied housing units by no. of bedrooms**
There are 238 rentals in Tea, South Dakota with 3 beds making up the highest share of the market, at 41%. Units with 1 bed, on the other hand, hold the lowest percentage (7%), amounting to 40 units. Overall, the median number of rooms in Tea, South Dakota homes for rent is 5.5.
Tea, South Dakota Renter-occupied units by age of householder**
Most condos for rent in Tea, South Dakota are occupied by residents in the 25 - 34 years age group (37%), followed by those in the 35 - 44 years age group (28%). At the same time, people in the 65 - 74 years age group make up the lowest share of the local rental market – 3%.
Tea, South Dakota Renter-occupied housing units by family type**
Tea, South Dakota Renter-occupied housing units by the presence of own children**
A total of 426 apartments for rent in Tea, South Dakota, or 73% of all rentals are family households. Additionally, 61% of rental homes include children under the age of 18 – that’s 356 units. All in all, the median size of a renter-occupied household in Tea, South Dakota is 2.89.
Tea, South Dakota Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 27% of the rental market. In contrast, residents with less than a high school degree reside in 2% of the homes for rent in Tea, South Dakota.
Tea, South Dakota Renter-occupied units by year structure built**
The highest share of Tea, South Dakota apartment rentals, namely 45% or 264 units, were Built 2010 - 2019, followed by those Built 1990 - 1999 (21%, 120 units), and the ones Built 2000 - 2009 (16%, 94 units).
Tea, South Dakota Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Tea, South Dakota renters (44%) moved in 2018 to 2020, while only 5% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Tea, South Dakota condos for rent is 2018.
Tea, South Dakota Renter-occupied housing units by vehicles available**
When it comes to transportation options, 53% of Tea, South Dakota renters have 2 vehicles available per household, 30% of them have 1 vehicle available, and 12% have 3 vehicles available.
Tea, South Dakota Means of transportation to work of householders living in renter-occupied housing units**
Tea, South Dakota Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Tea, South Dakota apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
