Cheap Apartments for Rent in Hot Springs, SD from $500 (33 Rentals)

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RC Springs Apartments
1 to 2 Bedroom Apartments

RC Springs Apartments

108 S 23rd StHot Springs, SD 57747
  • Utilities Included
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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.

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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.

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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.

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318 National St
1 to 2 Bedroom Apartments

318 National St

318 National StRapid City, SD 57702

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.

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Showing Results 1-33, 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. Ponderosa Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $925. 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
Ponderosa ApartmentsStudio UnitsStudio,1BA$925
Enchanted PinesStudioStudio,1BA$950
Moonlight Apartment ComplexStudioStudio,1BA$995
318 National St2/12BR,1BA$995
Orchard MeadowsStudioStudio,1BA$1,000
Candlewood Apartments1 Bedroom1BR,1BA$1,005
Copper Ridge ApartmentsAStudio,1BA$1,025
The VUE at Catron1 Bedroom 1 Bathroom1BR,1BA$1,025
The Place at Estes ParkTwo Bed Two Bath2BR,2BA$1,075

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

As of March 16, 2026 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 Two Bed Two Bath Model at The Place at Estes Park starting at $1,075 with a $1.11 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
The Place at Estes ParkTwo Bed Two Bath2BR,2BA$1.11
Sheridan Lake ApartmentsThe Kensington2BR,2BA$1.26
Vista Pointe Apartments2-Bed 1 Bath2BR,1BA$1.32
The Pines at Rapid1/11BR,1BA$1.29
Johnson Ranch Apartments1 Bedroom 1 Bathroom1BR,1BA$1.30
Country Bluff ApartmentsThe Lincoln2BR,1BA$1.26
Prairie Tree Apartments2A2BR,1BA$1.40
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$1.22
Candlewood Apartments1 Bedroom1BR,1BA$1.37

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.

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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.

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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.

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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.

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Hot Springs, SD

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Remember the 3 Rules of Real Estate:
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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 Ponderosa Apartments listed at $925.

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 $995 at 318 National St.

What is the most affordable Hot Springs Three Bedroom Apartment?

The best deal on a cheap Hot Springs Three Bedroom Apartment rental is at Bridgewood Estates and starts from $1,245.

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 Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.