Cheap Apartments for Rent in Rapid City, SD
217 rentals
Use arrow keys to navigateNEW - 2 DAYS AGOPET FRIENDLY$590 - $1,075/mo
1-2 Beds
1-2 BathsThe Place at Estes Park | 1230 Estes Park Ct #1200-B-104,
Rapid City, SD 57701
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Use arrow keys to navigatePET FRIENDLY$725 - $815/moStudio-1 Bed1 BathDowntown Rapid City Studio Apartment - Utilities Included | 808 Saint Joseph St #202,
Rapid City, SD 57701
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NEW - 1 DAY AGOPET FRIENDLY
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NEW - 1 DAY AGOPET FRIENDLY$875 - $1,080/mo1-3 Beds1 BathThe Place at Hainesway | 1314 Atlas St #1311-4-306,
Rapid City, SD 57701
FURNISHED
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PET FRIENDLY$900 - $1,245/mo1-3 Beds1-2 BathsBridgewood Estates | 415 E Minnesota St #8cf09cab5,
Rapid City, SD 57701
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SPECIAL OFFERPET FRIENDLY$950 - $1,542/mo2-3 Beds2 BathsLaCrosse Apartments | 761 E Anamosa St #1ad78b6b1,
Rapid City, SD 57701
PET FRIENDLY
PET FRIENDLY$985 - $1,095/moStudio-1 Bed1 BathBG Flats Apartments | 3200 Jaffa Garden Way #107,
Rapid City, SD 57703
APPLY INSTANTLYPET FRIENDLYFURNISHED
APPLY INSTANTLYPET FRIENDLYFURNISHED
APPLY INSTANTLYPET FRIENDLYFURNISHED
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Average Rent Trends in Rapid City, SD
Rent in Rapid City, SD varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,350 |
| Jul 2025 | $1,333 |
| Aug 2025 | $1,400 |
| Sep 2025 | $1,325 |
| Oct 2025 | $1,315 |
| Nov 2025 | $1,268 |
| Dec 2025 | $1,294 |
| Jan 2026 | $1,300 |
| Feb 2026 | $1,337 |
| Mar 2026 | $1,265 |
| Apr 2026 | $1,295 |
| May 2026 | $1,300 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,087 | $1,280 | $1,745 | $2,375 | $1,300 |
| Townhomes | $995 | $1,280 | — | $3,450 | $1,280 |
| Apartments and Condos | $1,075 | $1,150 | $1,500 | — | $1,122 |
| Houses | $950 | $1,385 | $2,100 | $2,375 | $2,200 |
Frequently Asked Questions about Rentals in Rapid City, SD
- What is the average rent of an apartment in Rapid City, SD?The average rent of an apartment in Rapid City, SD is $1,139 per month. This is about 41% lower than the national average.
- What is the average rent of a house in Rapid City, SD?The average rent of a house in Rapid City, SD is $2,200 per month. This is about 14% higher than the national average.
- What is the average rent of a townhome in Rapid City, SD?The average rent of a townhome in Rapid City, SD is $1,280 per month. This is about 34% lower than the national average.
- When is the average rent cheapest in Rapid City, SD?In the last year, the average rent in Rapid City, SD was lowest in Mar 2025 when it was $1,200 per month.
- When is the average rent most expensive in Rapid City, SD?In the last year, the average rent in Rapid City, SD was highest in Aug 2025 when it was $1,400 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Rapid City, SD?The average rent of a 1 bedroom apartment in Rapid City, SD is $1,087 per month. That is about $137 more than the cost of a studio apartment.
- How many available rental listings are in Rapid City, SD?There are 180 available rental listings in Rapid City, SD.
- What are some neighborhoods in Rapid City, SD?Some neighborhoods in Rapid City, SD include: Rapid Valley, Colonial Pine Hills, Green Valley, Johnson Siding.
- What are some zip codes in Rapid City, SD?
- What are some cities near Rapid City, SD?Some nearby cities include: Blackhawk, Ashland Heights, Summerset, Piedmont, Keystone. These cities may have more rental options to explore.