2 Bedroom Apartments for Rent in New Underwood, SD (52 Rentals)

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property at 409 S Madison Ave
$1,400

Total Monthly Price

Base Rent$1,400
Total Monthly Price$1,400
2 Bedroom, 1 Bath Townhome for Rent
Available Now

409 S Madison Ave, Unit A

409 S Madison Ave
New UnderwoodSD57761
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Exploring Rental Options: Apartments, Townhomes, and Lofts—Oh My!

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Looking for the perfect new rental? Learn great ways to spot the perfect apartment for you, identify common red flags, and avoid rental issues and scams with these expert provided actionable tips.

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Prairie Tree
$1,255 - $1,345

Total Monthly Price

Base Rent$1,110 - $1,345
Total Monthly Price$1,110 - $1,345
2 Bedroom Apartments Available Nov 7

Prairie Tree

4010 Elm AveRapid City, SD 57701
Affordability
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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440 N Creek Dr
2 Bedroom Apartments

440 N Creek Dr

440 N Creek DrRapid City, SD 57703
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KC Lofts
2 Bedroom Apartments

KC Lofts

18 E Kansas City StRapid City, SD 57701
Corporate Housing

Renting with Roommates: Realistic Expectations for Shared Lease

Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

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New Underwood, SD Local Guide

Largest Available New Underwood and Nearby 2 Bedroom Apartments

The largest available 2 Bedroom apartment unit in New Underwood, SD is found at Tallgrass Apartments and is 1,236 square feet priced from $1,675. Antelope Ridge has the second largest 2 Bedroom, which is sized at 1,108 square feet and currently listed start at $1,589. Here is today’s list of the largest available 2 Bedroom units in New Underwood:

Apartment ListingModel NameSquare FootagePriced From
Tallgrass ApartmentsI1,236 Sq Ft$1,675
Antelope RidgeDakota Acres 2 Bed Single Level1,108 Sq Ft$1,589
Camden HeightsB6-60%1,026 Sq Ft$1,368
Enchanted Pines2 Bedroom1,013 Sq Ft$1,400
Mountain View Village2 Bedroom1,005 Sq Ft$1,350
The Pines at Rapid2/2985 Sq Ft$1,465
Bridgewood EstatesOpen living space + spacious master *WAITLIST*984 Sq Ft$1,080
Creekside Heights Apartments, LLC2 Bed/2Bath978 Sq Ft$1,430
The Place at Estes ParkTwo Bed Two Bath969 Sq Ft$1,075
Block5Steel967 Sq Ft$2,335

Cheapest Available New Underwood and Nearby 2 Bedroom Apartments

As of September 18, 2026 the lowest priced 2 Bedroom apartment unit in New Underwood, SD is the Two Beds, One Bath Model starting from $949 at Badlands Apartments in the Downtown Rapid City neighborhood. The second most affordable New Underwood 2 Bedroom is the Spacious living + master walk-in closet *WAITLIST* Model at Bridgewood Estates starting at $1,055 . The average price for all 2 Bedroom apartments in New Underwood is currently $1,463. Here is today’s list of the cheapest available 2 Bedroom options in New Underwood:

Apartment ListingModel NamePriced From
Badlands ApartmentsTwo Beds, One Bath$949
Bridgewood EstatesSpacious living + master walk-in closet *WAITLIST*$1,055
The Place at Estes ParkTwo Bed Two Bath$1,075
LaCrosse Estates Apartment HomesHOT LATE SUMMER DEALS! $500 DEPOSIT! NO APPLICA...$1,088
Country Bluff ApartmentsThe Lincoln$1,165
KC LoftsUnit B | 2 Bedroom, 1 Bathroom$1,195
Vista Pointe Apartments2-Bed 1 Bath$1,254
Sagebrush Flats2 Beds, 1 bath$1,263
Mountain View Village2 Bedroom$1,350
Camden HeightsB6-60%$1,368

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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

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Frequently Asked Questions about 2 Bedroom New Underwood Apartments

What is the Cheapest apartment in New Underwood with 2 Bedroom?

Currently the most affordable 2 Bedroom in New Underwood is at Badlands Apartments listed at $949.

How much is the average rent for a 2 Bedroom New Underwood Apartment?

The average rent for a 2 Bedroom Apartment in New Underwood is $1,463.

What is the largest available 2 Bedroom New Underwood Apartment for rent?

Today's apartment with the most square footage in New Underwood is a 1,236 square feet unit starting from $1,675 at Tallgrass Apartments.

What is the average size for New Underwood 2 Bedroom Apartments for rent?

The average size for a 2 Bedroom rental in New Underwood is currently 1,017 sq ft.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.