What's the average rent in Hot Springs, SD?
Rental Market Trends in Hot Springs, SD
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SOURCE: TRULIA DATA
Rental market highlights
As of May 2026, the average rent in Hot Springs, SD is $950 per month, which is 51% lower than the national average rent of $1,930 per month.
AVERAGE RENT
$950
5.6%$50 increase month-over-month
40.7%$275 increase year-over-year
AVAILABLE RENTALS
5
APARTMENTS
HOUSES
TOWNHOUSES
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $750 |
| 2 Bedrooms | $900 |
| 3 Bedrooms | $950 |
| 4 Bedrooms | — |
| All | $950 |
As of May 2026, the average rent for a 1 bedroom rental in Hot Springs, SD is $750 per month, followed by $900 for a 2 bedroom rental, and $950 for a 3 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $750 |
| 2 Bedrooms | $900 |
| 3 Bedrooms | $950 |
| 4 Bedrooms | — |
| All | $950 |
As of May 2026, the average rent for a 1 bedroom apartment in Hot Springs, SD is $750 per month, followed by $900 for a 2 bedroom apartment, and $950 for a 3 bedroom apartment.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has decreased by -3% compared to the previous year, which is a $30 decrease.
This year (2026)
Last year (2025)
Rent distribution
88% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $760 to $1,200.
