Cheap Apartments for Rent in Rapid City, SD
194 rentals
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1 BathDowntown Rapid City Studio Apartment - Utilities Included | 808 Saint Joseph St,
Rapid City, SD 57701
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Use arrow keys to navigatePET FRIENDLY
PET FRIENDLY
APPLY INSTANTLY
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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 decreased in Aug 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,325 |
| Oct 2025 | $1,315 |
| Nov 2025 | $1,268 |
| Dec 2025 | $1,294 |
| Jan 2026 | $1,300 |
| Feb 2026 | $1,336 |
| Mar 2026 | $1,265 |
| Apr 2026 | $1,295 |
| May 2026 | $1,300 |
| Jun 2026 | $1,500 |
| Jul 2026 | $1,526 |
| Aug 2026 | $1,385 |
Average Rent By Bedroom and Home Type
In August 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 | $1,113 | $1,320 | $1,850 | $2,400 | $1,350 |
| Townhomes | $1,800 | $1,280 | $2,100 | $2,231 | $1,650 |
| Apartments and Condos | $1,075 | $1,295 | $1,650 | — | $1,100 |
| Houses | $1,850 | $1,662 | $1,900 | $2,495 | $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 $1,261 per month. This is about 36% 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 $1,113 per month. That is about $188 more than the cost of a studio apartment.
- How many available rental listings are in Rapid City, SD?There are 202 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.
View this page in Spanish: Apartamentos baratos en renta en Rapid City, SD - 522 Rentas | Trulia