4102 Canyon Lake Dr
Rapid CitySD57702
Cheap Homes for Rent in Hot Springs, SD from $800 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Hot Springs.
1213 Quincy St
Rapid CitySD57701
107 Gumbo Dr
Box ElderSD57719
2003 Red Dale Dr
Rapid CitySD57702
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.
5896 Southside Dr
Rapid CitySD57703
1302 E Fairmont Blvd
Rapid CitySD57701
831 Silver St
Rapid CitySD57701
5011 Charmwood Dr
Rapid CitySD57701
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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Hot Springs, SD Local Guide
While Stan the T-Rex currently lives in England, he is a long time South Dakota resident for the past several score million years by Gidzy is licensed under CC BY 2.0
How much does it cost to rent a home in Hot Springs?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Hot Springs 2 Bedroom Homes for Rent | $1,634 | $1,250 | $1,900 |
| Hot Springs 3 Bedroom Homes for Rent | $1,652 | $1,075 | $2,100 |
| Hot Springs 4 Bedroom Homes for Rent | $2,475 | $2,025 | $2,800 |
| Hot Springs 5 Bedroom Homes for Rent | $2,700 | $2,400 | $3,000 |
Browse Top Homes for Rent in Hot Springs
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Hot Springs, SD Local Guide
- Nearby Cities
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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 The Place at Estes Park in the Downtown Rapid City neighborhood priced from $547. Bridgewood Estates has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here is today’s list of the most affordable Hot Springs apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Place at Estes Park | One Bed One Bath - HOME Unit | 1BR,1BA | $547 |
| Bridgewood Estates | Open living space + spacious master *WAITLIST* | 1BR,1BA | $900 |
| Enchanted Pines | Studio | Studio,1BA | $950 |
Best Value Apartments for Rent in Hot Springs, SD and Nearby
As of February 06, 2026 the best value apartment in the Hot Springs area is the $1.42 price per square foot 3 Bedrooms, 2 Bathrooms Model at The Altitude 2 in the starting from $1,795. The second greatest value Hot Springs apartment is the 3 Beds, 2 baths Model at Stonegate Community starting at $1,495 with a $1.27 price per square foot . Here is today’s list of the best values for Hot Springs apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Altitude 2 | 3 Bedrooms, 2 Bathrooms | 3BR,2BA | $1.42 |
| Stonegate Community | 3 Beds, 2 baths | 3BR,2BA | $1.27 |
| Johnson Ranch Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $1.20 |
| BG Flats Apartments | 2 Bedroom 2 Bathroom Apartment | 2BR,2BA | $1.29 |
| The Place at Estes Park | Two Bed Two Bath | 2BR,2BA | $1.11 |
| Sheridan Lake Apartments | The Kensington | 2BR,2BA | $1.26 |
| Vista Pointe Apartments | 2-Bed 1 Bath | 2BR,1BA | $1.32 |
| The Pines at Rapid | 1/1 | 1BR,1BA | $1.29 |
| Prairie Tree Apartments | 2A | 2BR,1BA | $1.40 |
| Bridgewood Estates | Open living space + spacious master *WAITLIST* | 1BR,1BA | $1.22 |
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
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 ArticleCash 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 ArticleQuick Rent Budget Calculator
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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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Best Local Schools in Hot Springs, SD
Hot Springs Elementary - 02
Hot Springs School District 23-2
Public School - Grades PK-5 (331)
5 out of 10
Hot Springs High School - 01
Hot Springs School District 23-2
Public School - Grades 9-12 (255)
2 out of 10
Hot Springs Middle School - 06
Hot Springs School District 23-2
Public School - Grades 6-8 (187)
6 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Hot Springs, SD Rentals by Map
See the most popular apartments and homes in Hot Springs, SD
Frequently Asked Questions about Hot Springs
What type of rentals are currently available in Hot Springs?
There are currently 47 Apartments for Rent in Hot Springs, SD with pricing that ranges from $547 to $3,053. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hot Springs ranging from $850 to $3,000.
What is the current price range for Rental Homes in Hot Springs?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Hot Springs ranges from $850 to $3,000 with an average monthly rent of $1,799.
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
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.
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.
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.
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.