Average Rent in Rapid City, SD and Rent Price Trends

Rent price trends in
Rapid City, SD

Rent price trends

Rent prices for all bedroom counts and property types in Rapid City, SD have increased by 3% in the last month and have remained the same in the last year.

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Rent comparables in
Rapid City, SD
The monthly rent for an apartment in Rapid City, SD is $1,100. A 1-bedroom apartment in Rapid City, SD costs about $1,050 on average, while a 2-bedroom apartment is $1,190. Houses for rent in Rapid City, SD are more expensive, with an average monthly cost of $2,050.


1 bedroom	$995	1%	8%
2 bedroom	$1,195	3%	5%
3 bedroom	$1,757	2%	11%
4 bedroom	$2,350	1%	2%
Studio	$900	1%	1%


Apartments	$1,100	2%	No Change
Condos	$1,097	No Change	No Change
Houses	$2,050	1%	No Change
Rooms	$872	1%	-

Studio

Average rent

$900

Last 30 days

Last year

1 bedroom

Average rent

$995

Last 30 days

Last year

2 bedroom

Average rent

$1,195

Last 30 days

Last year

3 bedroom

Average rent

$1,757

Last 30 days

Last year

11%

4 bedroom

Average rent

$2,350

Last 30 days

Last year

The table above reflects average rent prices in Rapid City, SD, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Compare rent prices in Rapid City, SD to other cities

Median rent prices in Rapid City, SD for all bedroom counts and property types compared to Black Hawk, SD.

Rapid City

Median rent price$1,195

37%

lower than the national median

Median rent price$995

48%

lower than the national median

Takeaway

The median rent for all rentals in Rapid City, SD is 20% higher than the median rent in Black Hawk, SD.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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Average rent in
Nearby cities
Explore rent trends in other markets

Black Hawk

$995

43%

Last year

Box Elder

$1,410

Last year

Buffalo

$1,800

Last year

Casper

$1,050

Last year

Cheyenne

$1,200

Flat

Last year

Douglas

$963

10%

Last year

Gillette

$1,200

15%

Last year

Lead

$1,200

14%

Last year

Miles City

$600

21%

Last year

Mills

$924

11%

Last year

Spearfish

$1,200

36%

Last year

Torrington

$650

Flat

Last year

Cost of living in
Rapid City, SD

The overall cost of living in Rapid City, SD is 6% lower than the national average. Explore the cost of essential expenses, then use our rent calculator to help set your budget.