Apartments & Condos for Rent in 57783

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What to Know About

Life in Spearfish & Beyond

Spearfish 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

Spearfish, SD

As of April 2025, Spearfish's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Spearfish's average rent is 43.1% ($509) higher than the South Dakota average of $1,182 and 6.0% ($108) lower than the U.S. average of $1,799.

Average Rent
$1,691
Monthly ChangeMonth Over Month Change
Increased121.3% ($927)
Yearly ChangeYear Over Year Change
Increased10.7% ($164)
Avg. Days on MarketAverage Days on Market
32
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,360 Increased82.6% ($615) Increased8.3% ($104)
2 Beds $1,651 Increased85.7% ($762) Increased9.4% ($142)
3 Beds $1,954 Increased81.3% ($876) Increased5.9% ($108)
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Spearfish Rental Market FAQs

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

The average rent in Spearfish, SD is $1,691 per month.
Apartments in Spearfish typically rent for between $952 and $2,540 per month, with an average of $1,691 per month.
In Spearfish, the average rent for a 1-bedroom apartment is $1,360 per month, for a 2-bedroom apartment, $1,651 per month, and a 3-bedroom apartment is $1,954 per month.
The average rent in Spearfish is 6% ($108) lower than the national average of $1,799 per month.
The average rent in Spearfish has increased by 121.3% ($927) in the last month and increased by 10.7% ($164) over the past year.
The rental market in Spearfish, SD, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Spearfish, SD, the average rental stays on the market for approximately 32 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 12 rental properties available in Spearfish, SD.
Based on the current averages, a household would need an annual income of $66,040 to comfortably afford a 2-bedroom apartment in Spearfish.
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