Cheap Homes for Rent in Nemo, SD from $900 (4 Rentals)

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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.

property at 3850 Park Dr

$1,495

2 Bedroom Rentals

Available Now

3850 Park 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.

Nemo, SD Local Guide

Best Value Apartments for Rent in Nemo, SD and Nearby

As of June 26, 2026 the best value apartment in the Nemo 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 Nemo apartment is the Brennan $1,085 Model at Founders Park Village starting at $1,478 with a $1.34 price per square foot in the Downtown Rapid City neighborhood. Here is today’s list of the best values for Nemo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Stonegate Community3 Beds, 2 baths3BR,2BA$1.27
Founders Park VillageBrennan $1,0852BR,2BA$1.34
Stoney Creek HighlandsThe Gardens2BR,2BA$1.41
The Place at Estes ParkTwo Bed Two Bath2BR,2BA$1.03
Sheridan Lake ApartmentsThe Windsor2BR,1BA$1.17
The Pines at Rapid1/11BR,1BA$1.35
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$1.22
Champion VillasStudio ApartmentStudio ,1BA$1.45
Civic Plaza Apartments2 Bedroom Garden Level2BR,1BA$1.29
The Place at HaineswayOne Bed, One Bath1BR,1BA$1.35

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

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Frequently Asked Questions about Nemo

What type of rentals are currently available in Nemo?

There are currently 45 Apartments for Rent in Nemo, SD with pricing that ranges from $547 to $3,338. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Nemo ranging from $950 to $4,400.

What is the current price range for Rental Homes in Nemo?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Nemo ranges from $950 to $4,400 with an average monthly rent of $2,445.

How much are larger Three and Four Bedroom Rentals in Nemo?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Nemo range from $1,080 to $3,010, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,075 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $1,764.

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

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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.

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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.

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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.

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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.