14 E Quincy St
Rapid CitySD57701
Cheap Homes for Rent near Hot Springs, SD from $900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Hot Springs.
411 E Denver St
Rapid CitySD57701
904 Willsie Ave
Rapid CitySD57701
720 Box Elder Rd W
Box ElderSD57719
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
1936 Fremont St
Rapid CitySD57702
2113 Ivy Ave
Rapid CitySD57701
1218 South St
Rapid CitySD57701
13646 Twisted Pnes Trl
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.
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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 | $1,707 | $900 | $2,700 |
| Hot Springs 3 Bedroom Homes for Rent | $2,170 | $1,500 | $2,800 |
| Hot Springs 4 Bedroom Homes for Rent | $2,476 | $2,100 | $2,800 |
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 Studio unit found at Canyon Lake Apartments priced from $890. 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 |
|---|---|---|---|
| Canyon Lake Apartments | S1 | Studio,1BA | $890 |
| Bridgewood Estates | Open living space + spacious master *WAITLIST* | 1BR,1BA | $900 |
| Ponderosa Apartments | Studio Units | Studio,1BA | $925 |
Best Value Apartments for Rent in Hot Springs, SD and Nearby
As of July 14, 2026 the best value apartment in the Hot Springs area is the $1.43 price per square foot Townhome Style 3 Bedroom 2.5 Bathroom Model at Shepherd Hills Commons in the starting from $1,895. 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. |
|---|---|---|---|
| Shepherd Hills Commons | Townhome Style 3 Bedroom 2.5 Bathroom | 3BR,2.5BA | $1.43 |
| Stonegate Community | 3 Beds, 2 baths | 3BR,2BA | $1.27 |
| Sedona Flats | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.56 |
| The Place at Estes Park | Two Bed Two Bath | 2BR,2BA | $1.03 |
| Vista Pointe Apartments | 2-Bed 1 Bath | 2BR,1BA | $1.32 |
| The Pines at Rapid | 1/1 | 1BR,1BA | $1.35 |
| Country Bluff Apartments | The Roosevelt | 2BR,1BA | $1.39 |
| The Altitude Villas 1 | 1x1 | 1BR,1BA | $1.68 |
| Bridgewood Estates | Open living space + spacious master *WAITLIST* | 1BR,1BA | $1.22 |
| 318 National St | 2/1 | 2BR,1BA | $1.66 |
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
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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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Best Local Schools in Hot Springs, SD
Hot Springs Elementary - 02
Hot Springs School District 23-2
Public School - Grades PK-5 (306)
5 out of 10
Hot Springs High School - 01
Hot Springs School District 23-2
Public School - Grades 9-12 (215)
2 out of 10
Hot Springs Middle School - 06
Hot Springs School District 23-2
Public School - Grades 6-8 (189)
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 $3,338. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hot Springs ranging from $900 to $2,800.
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 $900 to $2,800 with an average monthly rent of $1,932.
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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.