Apartments & Homes for Rent in Lead, SD

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What to Know About

Life in Lead & Beyond

Lead shares many of the great qualities that make South Dakota a desirable place to live.

South Dakota combines natural wonders, rich history, and irresistible charm. Dive into the state's fascinating heritage through its cultural landmarks and historical sites, such as the captivating South Dakota Cultural Heritage Center and the legendary Museum of the American Bison, or opt to further your education at world-renowned institutions such as South Dakota State University and the University of South Dakota. South Dakota's economy thrives on agriculture, tourism, and manufacturing.

Sports lovers will be in paradise with various seasonal activities such as skiing, snowboarding, and snowmobiling in the winter and golfing, camping, fishing, and hiking in the summer. Also, discover iconic attractions like the world-famous Mount Rushmore National Memorial, the awe-inspiring Dinosaur Park, the rugged Badlands National Park, the enchanting Black Hills National Forest, and the historic city of Deadwood.

With its stunning natural beauty and robust economy, South Dakota is the ideal destination for those who seek outdoor recreation and an unparalleled western experience. So get ready to be enchanted by South Dakota's irresistible charm, pristine landscapes, and unbeatable quality of life. South Dakota is an excellent place for those who want to live their best lives.

Rental Market Trends

Lead, SD

As of April 2025, Lead's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Lead's average rent is 19.5% ($231) higher than the South Dakota average of $1,182 and 21.5% ($386) lower than the U.S. average of $1,799.

Average Rent
$1,413
Monthly ChangeMonth Over Month Change
Decreased2.8% ($41)
Yearly ChangeYear Over Year Change
Increased7.4% ($97)
Avg. Days on MarketAverage Days on Market
37
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,363 Decreased5% ($71) Increased19% ($218)
2 Beds $1,654 Decreased3.3% ($57) Increased20.3% ($279)
3 Beds $1,957 Decreased5.7% ($118) Increased16.3% ($275)
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Lead Rental Market FAQs

Explore rental prices, market trends, and availability in Lead, SD.

The average rent in Lead, SD is $1,413 per month.
Homes in Lead typically rent for between $954 and $2,544 per month, with an average of $1,413 per month.
In Lead, the average rent for a 1-bedroom home is $1,363 per month, for a 2-bedroom home, $1,654 per month, and a 3-bedroom home is $1,957 per month.
The average rent in Lead is 21.5% ($386) lower than the national average of $1,799 per month.
The average rent in Lead has decreased by 2.8% ($41) in the last month and increased by 7.4% ($97) over the past year.
The rental market in Lead, SD, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Lead, SD, the average rental stays on the market for approximately 37 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 7 rental properties available in Lead, SD.
Based on the current averages, a household would need an annual income of $66,160 to comfortably afford a 2-bedroom home in Lead.
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