Apartments & Homes for Rent in Rapid City, SD

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What to Know About

Life in Rapid City & Beyond

Rapid City 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

Rapid City, SD

As of April 2025, Rapid City's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Rapid City's average rent is 0.2% ($2) lower than the South Dakota average of $1,182 and 34.4% ($619) lower than the U.S. average of $1,799.

Average Rent
$1,180
Monthly ChangeMonth Over Month Change
Increased0.8% ($9)
Yearly ChangeYear Over Year Change
Increased3.5% ($40)
Avg. Days on MarketAverage Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $997 Increased0.7% ($7) Decreased2% ($20)
2 Beds $1,175 Increased0.8% ($9) Increased3.9% ($44)
3 Beds $1,376 Increased1.9% ($26) Decreased8.7% ($131)
Nearby Cities Average Rent Avg. Rent vs. Rapid CityAverage Rent vs. Rapid City Avg. Days on MarketAverage Days on Market
Black Hawk $1,458 Increased23.6% ($278) 37 days
Box Elder $1,397 Increased18.4% ($217) 33 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Rapid City Rental Market FAQs

Explore rental prices, market trends, and availability in Rapid City, SD.

The average rent in Rapid City, SD is $1,180 per month.
Homes in Rapid City typically rent for between $698 and $1,789 per month, with an average of $1,180 per month.
In Rapid City, the average rent for a 1-bedroom home is $997 per month, for a 2-bedroom home, $1,175 per month, and a 3-bedroom home is $1,376 per month.
The average rent in Rapid City is 34.4% ($619) lower than the national average of $1,799 per month.
The average rent in Rapid City has increased by 0.8% ($9) in the last month and increased by 3.5% ($40) over the past year.
The rental market in Rapid City, SD, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Rapid City, SD, the average rental stays on the market for approximately 29 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 71 rental properties available in Rapid City, SD.
Based on the current averages, a household would need an annual income of $47,000 to comfortably afford a 2-bedroom home in Rapid City.
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