Cheap Homes for Rent in New Underwood, SD from $900 (13 Rentals)

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Search the lowest-cost Homes available for rent right now in New Underwood.

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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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 2 Beds unit found at Civic Plaza Apartments in the Downtown Rapid City neighborhood priced from $865. Badlands Apartments in the Downtown Rapid City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here is today’s list of the most affordable New Underwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Civic Plaza Apartments2 Bedroom Garden Level2BR,1BA$865
Badlands ApartmentsOne Bed, One Bath1BR,1BA$875
LaCrosse Estates Apartment HomesHOT SIZZLIN SUMMER DEALS! $500 DEPOSIT! NO APPL...1BR,1BA$886
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$900
Enchanted PinesStudioStudio,1BA$950

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

As of September 10, 2026 the best value apartment in the New Underwood area is the $1.45 price per square foot Unit 3A (4th Floor) Model at 10Bedrock Apartments in the starting from $1,975. The second greatest value New Underwood apartment is the 3 Bedroom Model at Mountain View Village starting at $1,695 with a $1.45 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.
10Bedrock ApartmentsUnit 3A (4th Floor)3BR,2BA$1.45
Mountain View Village3 Bedroom3BR,2BA$1.45
Antelope RidgeDakota Acres 2 Bed Single Level2BR,1BA$1.43
Johnson Ranch Apartments2 Bedroom 2 Bath2BR,2BA$1.30
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$1.32
Bridgewood EstatesOpen living space + spacious master *WAITLIST*1BR,1BA$1.22
Badlands ApartmentsTwo Beds, One Bath2BR,1BA$1.36
Civic Plaza Apartments2 Bedroom Garden Level2BR,1BA$1.29

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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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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Frequently Asked Questions about New Underwood

What type of rentals are currently available in New Underwood?

There are currently 44 Apartments for Rent in New Underwood, SD with pricing that ranges from $497 to $3,020. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Underwood ranging from $900 to $3,700.

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 $900 to $3,700 with an average monthly rent of $1,820.

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 $1,111 to $2,981, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,750 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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

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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

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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

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