501 E Madison St, Rapid City, SD 57701
Property image
Property image
OFF MARKET

501 E Madison St
Rapid City, SD 57701

  • 1 Bed
  • 1 Bath
  • 614 sqft

$198,600

Trulia Estimate
as of Aug 20, 2026

$198,600

Trulia Estimate
as of Aug 20, 2026
  • 1 Bed
  • 1 Bath
  • 614 sqft

Home Highlights

Property Type
Single-Family Home
Living Area
614 sqft
Price/Sqft
$323

Local Information

  • Map ViewExplore the area around 501 E Madison St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Cozy 1 bedroom, 1 bath house just minutes from downtown, with easy access to local highways; nice outdoor area featuring a deck and raised garden beds! laundry hookups in utility area that is also large enough for additional storage;

Tenant pays all utilities; tenant has potential opportunity to mow and trim lawn area and shovel walkways for monthly discount on rent (equipment provided); No pets allowed; NO smoking allowed on property;
501 E Madison St, Rapid City, SD 57701 is a 1 bedroom, 1 bathroom, 614 sqft single-family home. More recently, it was listed as a rental in January 2026 with an asking price of $950 per month. That rental listing was removed on March 25, 2026. It is currently off market. The Trulia Estimate is $198,600, with a rent estimate of $997/month.

Home Details for 501 E Madison St

Interior Features

Heating & Cooling
Heating: Wall FurnaceAir ConditioningCooling System: Window UnitHeating Fuel: Wall Furnace
Appliances & Utilities
Refrigerator
Levels, Entrance, & Accessibility
Floors: Carpet, Tile

Property Information

Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: 1 Year

Exterior Features

Parking & Garage
Parking: Off Street Parking, On Site

Comparable Sales for 501 E Madison St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
525 E Chicago St, Rapid City, SD
0.38
Single-Family Home
$120,900
07/20/26
1
1
604 sqft
804 E Monroe St, Rapid City, SD
0.29
Single-Family Home
$165,000
07/31/26
2
1
896 sqft
404 E Watertown St, Rapid City, SD
0.09
Single-Family Home
$205,000
07/03/26
3
1
2,000 sqft
513 E Waterloo St, Rapid City, SD
0.32
Single-Family Home
$236,000
02/26/26
3
1
1,128 sqft
822 Willsie Ave, Rapid City, SD
0.78
Single-Family Home
$140,000
02/02/26
1
1
684 sqft
1004 Racine St, Rapid City, SD
0.35
Single-Family Home
$246,000
02/20/26
3
1
1,073 sqft
1034 Racine St, Rapid City, SD
0.43
Single-Family Home
$215,000
10/10/25
3
1
900 sqft
117 E Denver St, Rapid City, SD
0.40
Single-Family Home
$100,000
07/07/26
2
1
1,440 sqft
234 E College Ave, Rapid City, SD
0.47
Single-Family Home
$70,000
02/26/26
3
1
870 sqft
1561 Addison Ave, Rapid City, SD
0.36
Single-Family Home
$424,900
03/17/26
2
2
1,196 sqft

Nearby homes

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Around this home

What Locals Say about Rapid City

At least 315 Trulia users voted on each feature.

  • 92 % Say car is needed

  • 88 % Say it's dog friendly

  • 83 % Say parking is easy

  • 81 % Say there are sidewalks

  • 78 % Say yards are well-kept

  • 73 % Say there's holiday spirit

  • 69 % Say kids play outside

  • 67 % Say there's wildlife

  • 65 % Say people would walk alone at night

  • 64 % Say it's quiet

  • 54 % Say streets are well-lit

  • 51 % Say neighbors are friendly

  • 42 % Say they plan to stay for at least 5 years

  • 29 % Say it's walkable to restaurants

  • 28 % Say it's walkable to grocery stores

  • 27 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Nubia Quinonez
    "15 minutes to every thing"
    0
    Flag
  • Taylor Weathers
    "The area is nice, crime is really low, some areas are alittle run down but majority of the city and surrounding area is beautiful. I’m told the schools are good and there’s plenty for children to do around here. Plenty outdoor activities "
    1
    Flag
  • Michelle B
    "It’s a neighborhood 20+ years old, so there is space between houses and they don’t all look alike. Parkview park is only 2 blocks away with a pool, play area and softball fields. "
    0
    Flag
  • Aereal Willhoite
    "Rapid City is an outdoor enthusiast dream city to live plenty of stuff to do for everyone with their different personalities"
    0
    Flag
  • Jefffrazier
    "It’s not my “neighborhood”. We are renting a cabin here for the winter. The locals are not as friendly as we might have imagined. We are probably seen as outsiders. Given the beauty and blessings involved with this place, I can’t blame them. "
    0
    Flag
  • Jefffrazier
    "Few sidewalks, but drivers seem to be appropriately cautious when encountering wildlife and/or pets. "
    0
    Flag
  • jon.g.fleming
    "I work from home but my old commute was around 20 minutes in light traffic most mornings and evenings."
    0
    Flag
  • S.d.beckfamily
    "There are a lot of dog walkers in the area. We have a beautiful park in walking distance from our home. Also a nice dog park a short drive away. "
    9
    Flag
  • Lisalpog
    "The Southside of rapid city is one of the better part of town to live in. I live in the Newest part of the southside and it’s relatively quiet. Other than if you live close to Cattron which my building is located close to Catherine and sometimes you can hear the traffic. Other than that it’s great"
    12
    Flag
  • Chandlor M.
    "Fun place to live and have a family great schools great neighbors well maintained yards snow removal is a little lacking but you can get past it "
    1
    Flag
  • Rex
    "We have fireworks during the 4th of July. There is also pancake suppers for fundraiser for the Rapid Valley Fire department. "
    0
    Flag
  • Berto B. O.
    "The city is small and more laid back. People are mostly nice. There are a lot of outdoor activities to do in each season."
    6
    Flag
  • Chassidysieveke
    "Most people keep to themselves. It is very safe neighborhood for kids tho. Most houses have large lots."
    0
    Flag
  • Lori F.
    "The neighborhood really enjoys Fourth of July the celebration goes on for days upon days! Lots of neighbors love to shoot fireworks which is great to sit outside and watch with the kids at night, gives everyone an extra show both before and after the big show on the Fourth of July! "
    0
    Flag
  • Lakotaprarireheart
    "dogs are leashed and owners are very responsible for their dogs neighborhoods are well maintained people are very friendly "
    6
    Flag
  • Jay Sie
    "Some neighbors are friendly & considerate. Some aren’t. Nice place to live. The roads need to be maintained better. The parks could use some clean up. "
    1
    Flag
  • Heather T.
    "Grandview, and Robbinsdale are great schools. Teachers are dedicated to see all students succeed . "
    2
    Flag
  • Elliott B.
    "Parents should recommend new kids to the area to hang out at the local park parking lot lots of kids down there"
    5
    Flag
  • Brandi B.
    "From what I'm told from tourist, we are very friendly and welcoming town. Also that our surrounding areas, the Black Hills, is gorgeous."
    0
    Flag
  • Trulia User
    "Rapid valley is a very kid and dog friendly community, most of the neighbors take pride in their homes and yards. You see kids walking to and from school and lots of people walking babies in strollers it seems to be a safe area and the people love to celebrate the holidays. So if this meets what you are looking for in a neighborhood then the valley is the place for you! Good luck house hunting!!"
    0
    Flag
  • Lori F.
    "Friendly lots of dog walkers and people walking babies and young kids an elementary school is centrally located within the neighborhood overall a quiet place to live "
    0
    Flag
  • Natalia H.
    "we moved to Auburn Hills in August 2018. the neighbors are very nice and friendly. this winter everybody helped with clearing snow and working together. I wish we had a better school near by"
    0
    Flag
  • Craig
    "The lots are all fairly large, with at least 1/2 acre each. The area is very family and pet friendly, with common playground areas and walking paths through the open fields."
    0
    Flag
  • Carmen E. B.
    "Lots of other animals in the neighborhood but people are rude about picking up dog poop I’ve noticed!"
    0
    Flag
  • Lori F.
    "Lots of dog walkers in the neighborhood, kids playing outside, especially since there’s an elementary school a couple blocks away, normally a very quiet neighborhood a good mix of established residents and new property owners. Convenience of gas stations and a dollar tree within five minutes of the house for those last minute items that were forgotten at the store. Convenient location for stores, strip malls or even the mall within ten minutes. Great location to have rapid city at your fingertips without having to be right in the middle and having to deal with rush hour traffic"
    0
    Flag
  • Kayla C.
    "My neighborhood has many apartment developments. It’s a nice residential part of town with stores close by. "
    6
    Flag
  • Briann P.
    "my part of town is close to both down town and a Walmart. also not far from fast food restaurants. Close to three churches "
    3
    Flag
  • Lori F.
    "Very dog friendly neighborhood lots and lots of dog walkers! Very friendly area to live in. Overall low traffic area except when school lets out, but it is convenient for families with younger kids"
    0
    Flag
  • Lori
    "Quiet neighborhood typically without issue reasonable place to live cost wise. Convenient location to gas stations and interstate. Lots of younger kids very close to an elementary school. Good location for young families and first time buyers! Large lots per house. Nice to have more space than the newer neighborhoods offer. Usual lot size is a half acre or more!! "
    0
    Flag
  • Lori F.
    "Fourth of July is spectacular very neighborly nice place to live especially for young families with young kids school within walking distance "
    0
    Flag
  • Tyehjohnson
    "There’s a dog park, a pool, hot tub, and a gym all right here. All the dog owners are very friendly and encourage positive interaction with other dogs/owners. "
    0
    Flag
  • Njjoyce1981
    "Family friendly community just stay away from north rapid after dark. Not the best place to be at night especially alone by yourself."
    7
    Flag
  • Lori F.
    "There’s an elementary school in the neighborhood good for young families quiet community to live in low crime rate people love to celebrate the Fourth of July here! Everyone has been very friendly new to the area "
    0
    Flag

LGBTQ Local Legal Protections

Price and Tax history

DateEventPrice
Mar 25, 2026
Source: Zillow Rentals
ListingRemoved
$795
Mar 17, 2026
Source: Zillow Rentals
PriceChange
$795
Price decreased by 6%
Feb 17, 2026
Source: Zillow Rentals
PriceChange
$845
Price decreased by 6%
Feb 4, 2026
Source: Zillow Rentals
PriceChange
$895
Price decreased by 6%
Jan 30, 2026
Source: Zillow Rentals
Listed For Rent
$950

Frequently asked questions about 501 E Madison St

  • What is 501 E Madison St estimated to be worth?
    Trulia's estimated value for 501 E Madison St in Rapid City, SD is $198,600.
  • Is Rapid City a buyer's or seller's market?
    Rapid City is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Rapid City?
    The median sale price in Rapid City is $367K. That is up $14.18K from the prior month.
  • What do residents say about Rapid City?
    Residents describe Rapid City, SD as dog-friendly, easy to park in, and pedestrian-friendly. See recently sold homes in Rapid City, SD.
  • Does 501 E Madison St have air conditioning?
    Yes, 501 E Madison St in Rapid City, SD has air conditioning.
  • Does 501 E Madison St have parking?
    Yes, 501 E Madison St in Rapid City, SD has on-site parking.

Homes for rent near 501 E Madison St

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
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