Cheap Homes for Rent in New Underwood, SD from $800 (5 Rentals)

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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.

property at 145 Indiana St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

145 Indiana St

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.

New Underwood, SD Local Guide

Cheapest Available New Underwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in New Underwood, SD is a 1 Bed unit found at The Place at Hainesway in the Downtown Rapid City neighborhood priced from $775. Civic Plaza Apartments in the Downtown Rapid City neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $865. Here is today’s list of the most affordable New Underwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Place at HaineswayOne Bed, One Bath1BR,1BA$775
Civic Plaza Apartments2 Bedroom Garden Level2BR,1BA$865
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$900

Best Value Apartments for Rent in New Underwood, SD and Nearby

As of March 09, 2026 the best value apartment in the New Underwood area is the $1.26 price per square foot Black Hills 3 Bed Model at Antelope Ridge in the starting from $1,830. The second greatest value New Underwood apartment is the 3 Bedroom 2 Bathroom Apartment Model at Champion Villas starting at $1,495 with a $1.31 price per square foot . Here is today’s list of the best values for New Underwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Antelope RidgeBlack Hills 3 Bed3BR,2.5BA$1.26
Champion Villas3 Bedroom 2 Bathroom Apartment3BR,2BA$1.31
Boulder Creek ApartmentsBoulder Two Bedroom2BR,2BA$1.13
The Place at Estes ParkTwo Bed Two Bath2BR,2BA$1.11
Vista Pointe Apartments2-Bed 1 Bath2BR,1BA$1.32
The Pines at Rapid1/11BR,1BA$1.29
Country Bluff ApartmentsThe Lincoln2BR,1BA$1.26
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$1.22
Civic Plaza Apartments2 Bedroom Garden Level2BR,1BA$1.29
The Place at HaineswayOne Bed, One Bath1BR,1BA$1.19

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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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.

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Cash 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.

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

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Frequently Asked Questions about New Underwood

What type of rentals are currently available in New Underwood?

There are currently 41 Apartments for Rent in New Underwood, SD with pricing that ranges from $547 to $4,679. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Underwood ranging from $895 to $2,200.

What is the current price range for Rental Homes in New Underwood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in New Underwood ranges from $895 to $2,200 with an average monthly rent of $1,521.

How much are larger Three and Four Bedroom Rentals in New Underwood?

For those who are looking for larger living arrangements, Three Bedroom Apartments in New Underwood range from $1,060 to $4,679, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,075 to $1,850. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $1,559.

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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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.

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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.

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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.