Cheap Apartments for Rent in Hot Springs, SD from $500 (26 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Hot Springs.

close
View Me
RC Springs Apartments
1 to 2 Bedroom Apartments

RC Springs Apartments

108 S 23rd StHot Springs, SD 57747
  • Utilities Included
close
View Me
Mesa Flats
Studio to 1 Bedroom Apartments

Mesa Flats

1145 Sherman StHot Springs, SD 57747
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Read Article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
property at 901 4th Ave

$695

2 Bedroom Rentals

Available Now

901 4th Ave

EdgemontSD57735
close
View Me
318 National St
1 to 2 Bedroom Apartments

318 National St

318 National StRapid City, SD 57702
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
Showing Results 1-26, Page 1 of 1

Hot Springs, SD Local Guide

Cheapest Available Hot Springs Apartments for Rent and Nearby

 

The cheapest available apartment rental in Hot Springs, SD is a 1 Bed unit found at Bridgewood Estates priced from $900. The Place at Estes Park in the Downtown Rapid City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here is today’s list of the most affordable Hot Springs apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$900
The Place at Estes ParkOne Bed One Bath1BR,1BA$950
Enchanted PinesStudioStudio,1BA$950
Moonlight Apartment ComplexStudioStudio,1BA$975
Split Creek CommonsCherry StudioStudio,1BA$995
Orchard MeadowsStudioStudio,1BA$1,000
Sedona Flats1 Bedroom 1 Bathroom1BR,1BA$1,025
Copper Ridge ApartmentsAStudio,1BA$1,025
Boulder Creek ApartmentsPhase 4 One Bedroom1BR,1BA$1,050
Vista Pointe ApartmentsTwo BR RE townhouse apt2BR,1BA$1,079

Best Value Apartments for Rent in Hot Springs, SD and Nearby

As of December 29, 2025 the best value apartment in the Hot Springs area is the $1.27 price per square foot 3 Beds, 2 baths Model at Stonegate Community in the starting from $1,495. The second greatest value Hot Springs apartment is the The Stanford Model at Sheridan Lake Apartments starting at $1,235 with a $1.27 price per square foot in the Downtown Rapid City neighborhood. Here is today’s list of the best values for Hot Springs apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Stonegate Community3 Beds, 2 baths3BR,2BA$1.27
Sheridan Lake ApartmentsThe Stanford2BR,2BA$1.27
Vista Pointe ApartmentsTwo BR RE townhouse apt2BR,1BA$1.16
The Pines at Rapid1/11BR,1BA$1.29
Johnson Ranch Apartments1 Bedroom 1 Bathroom1BR,1BA$1.30
Country Bluff ApartmentsThe Lincoln2BR,1BA$1.39
Prairie Tree Apartments2A2BR,1BA$1.40
The Altitude 21 bedroom 1 bathroom1BR,1BA$1.46
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$1.22
The Place at Estes ParkOne Bed One Bath1BR,1BA$1.38

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Best Local Schools in
Hot Springs, SD

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Hot Springs, SD Rentals by Map

Decorative image of map

See the most popular apartments and homes in Hot Springs, SD

View Map
Hot Springs, SD Apartments Map
View Map
Hot Springs, SD Rental Homes Map

Frequently Asked Questions about Cheap Hot Springs Apartments

What is the Cheapest Studio apartment in Hot Springs?

Currently the most affordable Cheap Studio Apartment in Hot Springs is at Enchanted Pines listed at $950.

How much is rent for a Cheap One Bedroom Hot Springs Apartment?

The lowest price for a Cheap One Bedroom Hot Springs Apartment is $900 at Bridgewood Estates.

What is the lowest price for a Cheap Two Bedroom Hot Springs Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Hot Springs is starting from $1,040 at The Place at Estes Park.

What is the most affordable Hot Springs Three Bedroom Apartment?

The best deal on a cheap Hot Springs Three Bedroom Apartment rental is at Canyon Lake Apartments and starts from $1,240.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips article

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!