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 remained the same in the last month and have increased by 6% 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 $1,155. A 1-bedroom apartment in Rapid City, SD costs about $1,030 on average, while a 2-bedroom apartment is $1,195. Houses for rent in Rapid City, SD are more expensive, with an average monthly cost of $1,950.


1 bedroom	$995	4%	6%
2 bedroom	$1,235	No Change	8%
3 bedroom	$1,542	7%	6%
4 bedroom	$2,395	2%	5%
Studio	$995	No Change	4%


Apartments	$1,155	1%	No Change
Condos	$1,397	2%	No Change
Houses	$1,950	4%	No Change
Rooms	$900	No Change	-

Studio

Average rent

$995

Last 30 days

No Change

Last year

1 bedroom

Average rent

$995

Last 30 days

Last year

2 bedroom

Average rent

$1,235

Last 30 days

No Change

Last year

3 bedroom

Average rent

$1,542

Last 30 days

Last year

4 bedroom

Average rent

$2,395

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$1,200

38%

lower than the national median

Median rent price$1,200

38%

lower than the national median

Takeaway

The median rent for all rentals in Rapid City, SD is equal to 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

$1,200

N/A

Last year

Box Elder

$1,467

Last year

Buffalo

$1,850

Last year

Casper

$1,100

Last year

Cheyenne

$1,500

11%

Last year

Douglas

$1,229

15%

Last year

Gillette

$1,200

16%

Last year

Lead

$1,300

17%

Last year

Miles City

$675

11%

Last year

Mills

$1,400

54%

Last year

Spearfish

$3,000

59%

Last year

Torrington

$737

36%

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.