Cheap Apartments for Rent in Hot Springs, SD from $500 (24 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
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

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

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 1-24, 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 Studio unit found at Mesa Flats priced from $850. Bridgewood Estates has the second lowest priced unit, which is a 1 Bed apartment currently listed from $870. Here is today’s list of the most affordable Hot Springs apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mesa FlatsUnfurnished StudioStudio,1BA$850
Bridgewood EstatesOpen living space + spacious master1BR,1BA$870
Canyon Lake ApartmentsS1Studio,1BA$925
Moonlight Apartment ComplexStudioStudio,1BA$975
Candlewood Apartments1 Bedroom1BR,1BA$979

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

As of June 13, 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 Flat Style 2 Bed 1 Bath Model at Shepherd Hills Commons starting at $1,399 with a $1.30 price per square foot . 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
Shepherd Hills CommonsFlat Style 2 Bed 1 Bath2BR,1BA$1.30
The Place at Estes ParkTwo Bed Two Bath2BR,2BA$1.08
Sheridan Lake ApartmentsThe Windsor2BR,1BA$1.19
Johnson Ranch Apartments1 Bedroom 1 Bathroom1BR,1BA$1.30
Country Bluff ApartmentsThe Roosevelt2BR,1BA$1.37
Prairie Tree Apartments2C2BR,1.25BA$1.31
Bridgewood EstatesOpen living space + spacious master1BR,1BA$1.18
Candlewood Apartments1 Bedroom1BR,1BA$1.33
Creekside Heights Apartments, LLCEfficiencyStudio ,1BA$1.49

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 MapHot Springs, SD Apartments MapView MapHot Springs, SD Rental Homes Map

Getting Around Hot Springs, SD

Walk Score®

38 / 100

Car-Dependent

Most errands require a car

Bike Score®

23 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Mesa Flats listed at $850.

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

The lowest price for a Cheap One Bedroom Hot Springs Apartment is $870 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 $1,005 at Bridgewood Estates.

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 $1,205.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.