Cheap Apartments for Rent in Rapid City, SD
243 rentals
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1 BathDowntown Rapid City Studio Apartment - Utilities Included | Saint Joseph St,
Rapid City, SD 57701
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Use arrow keys to navigatePET FRIENDLY
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PET FRIENDLY
NEW - 1 DAY AGOPET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
APPLY INSTANTLYPET FRIENDLYFURNISHED
APPLY INSTANTLYPET FRIENDLYFURNISHED
APPLY INSTANTLYPET FRIENDLYFURNISHED
PET FRIENDLY
APPLY INSTANTLY
PET FRIENDLY
APPLY INSTANTLY
APPLY INSTANTLY
FURNISHED
FURNISHED
NEW - 17 HRS AGOPET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
APPLY INSTANTLY
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 increased in Jul 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| 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 |
| Jun 2026 | $1,500 |
| Jul 2026 | $1,527 |
Average Rent By Bedroom and Home Type
In July 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 | $1,263 | $1,400 | $1,850 | $2,350 | $1,560 |
| Townhomes | $1,800 | $1,280 | $2,200 | — | $1,800 |
| Apartments and Condos | $1,850 | $1,400 | $1,395 | — | $1,460 |
| Houses | $1,000 | $1,850 | $1,995 | $2,375 | $2,225 |
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 $1,181 per month. This is about 39% 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 $1,263 per month. That is about $82 more than the cost of a studio apartment.
- How many available rental listings are in Rapid City, SD?There are 243 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 - 569 Rentas | Trulia